Know the limits and conditions for increasing the rent
Recent housing regulations have brought notable changes to how rents are evaluated and adjusted. The goal is to ease market pressure and secure decent housing for everyone. Law No. 12/2023, published in the State Official Bulletin, outlines specific responsibilities for homeowners when reviewing rent increases.
Know the limits and conditions for increasing the rent
One key innovation requires landlords to notify tenants ahead of any rent hike. This transparency helps prevent attempts at fraud and makes transactions clearer for both sides. When the landlord fails to meet this rule, the increase is considered illegal and may face sanctions defined by law.
There is a minimum notice period: rent increases must be communicated at least one month before they take effect and before the contract’s anniversary date. This ensures that both parties have adequate time to review and agree on revised terms.
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It is important to highlight that the rent increase notification must be provided no less than one month in advance and before the contract expires one year after signing. This protects both tenants and landlords by providing sufficient time to assess new terms.
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The Housing Law also establishes clear boundaries on rent increases. Through 2023, a maximum rise of 2% over the current rent was permitted. In 2024, the cap rose to 3% for all active contracts, regardless of the lessor’s size. These limits apply to existing leases and are designed to stabilize the rental market.
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If the owner opts for an increase beyond established limits, the tenant can be notified and the rise can be blocked. The law thus protects tenants and helps prevent excessive hikes.
Additionally, the legislation introduces the possibility of an extraordinary extension at the end of a rental agreement. The extension lasts one year and can be extended up to three years, preserving the original contract terms during the added period.
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These measures aim to balance the relationship between landlords and tenants, promote price stability, and provide greater legal security for both parties.
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In summary, rent increases in Spain are now governed by the housing law. The regulation establishes the obligation to notify any increase in advance, sets maximum permissible limits, and defines the consequences of non-compliance. It is essential for both landlords and tenants to understand their rights and responsibilities to avoid disputes and maintain a fair, transparent rental market.