What CPI is applied to rents and how

Following inflation and the high Consumer Price Index (CPI), rents have affected. The Government has decide to extend its National Plan in response to the war in Ukraine throughout 2023, in which rent increases are limite to 2%. If you have to renew your tenant’s rent, you will be intereste in knowing what CPI applies to rents and all the information about it. We tell you! Rent your apartment and forget about worries 0% late payment. We take charge if the tenant does not pay. The year-on-year CPI is an indicator that measures the evolution of the prices of all the goods and services we consume from one year to the next, for example, from November 2021 to November 2022.

How is the CPI of a rental calculated?

With inflation, prices have risen and, consequently, the CPI as well. As of December 2022, the CPI is at 5.8% . If your rental income is €1,000, the increase would translate into €58 per month. However, this year the Government approved the “National Response Plan to the economic and social consequences of the war in Ukraine”, which limits rent increases. Taking this into Lebanon Telegram Number Data account, the landlord will be able to raise only 2% of the rent in the annual review . This plan lasts, for now, until December 31, 2023.With these changes, it is normal for you to ask yourself: what CPI applies in 2022 ? If you are due to renew the rental contract with your tenant soon , we recommend that you take a look at our article on the steps to follow.

In which cases is it mandatory to apply the CPI on rentals?

This Government limit only applies in cases of habitual residence. The rental of commercial premises, industrial warehouses, offices or any other lease does not fall within this measure and will maintain the rent update with the CPI or with the reference index that you have agreed in the rental USA Telegram Number List contract. Remember that, when calculating the rent increase with the CPI, you must take data from two months ago to the renewal of the contract . good relationship with your tenant will favor the moment of communicating the increase in the CPI in the rent . How much has the CPI risen? The National Institute of Statistics calculates the CPI monthly on its website. A