Recently implemented Housing Law has led to significant changes regulation rental prices. This measure aims to reduce market tension and guarantee the right to decent housing for all citizens. Law No. 12/2023, State official bulletin (BOE)It sets out specific provisions that homeowners must follow when evaluating a project. increase in rental price.
Know the limits and conditions for increasing the rent
One of the main innovations is Obligation to notify the tenant in advance of any increase in the rental price. In this way, increases in the nature of fraud are prevented and transparency in transactions is encouraged. If the owner does not comply with this requirement, the upload will be considered illegal. and will be subject to the relevant sanctions determined by law.
It is important to emphasize that Notification of the rent increase must be made at least one month in advance and before the contract expires one year after it is signed.. This ensures that both parties have sufficient time to evaluate and agree to new terms.
The Housing Law also sets clear limits on increases in rental prices.. Throughout 2023, A maximum increase of 2% over the current price is allowed. In 2024, this limit was increased to 3% for all contracts in force, regardless of the size of the lessor.
If the owner decides to make an increase above the determined limits, the tenant has the right to notify this and prevent it from being done.. The law thus protects the interests of tenants and ensures that excessive increases do not occur.
Moreover, New legislation provides for the option of extraordinary extension at the end of the contract for rental house tenants. The duration of this extension is one year and can be extended for up to three years, maintaining the terms and conditions in the original contract.
With these measures, the Housing Law aims to balance relations between landlords and tenants, promote stability in rental prices and provide greater legal security to both parties.
In summary, Rent increases in Spain are now regulated by the new housing lawRegulation that determines the obligation to notify any increase in advance, the maximum permissible limits and the legal consequences of non-compliance with these provisions. It is important that both landlords and tenants are aware of their rights and obligations to avoid disputes and ensure a fair and transparent rental market.