4 simple steps to know how to update rental

Updating your income can always cause some headaches. And, although the Urban Leasing Law (LAU) does not require an simple steps increase in the rental price in relation to the CPI, this index is the most used. Therefore, below we explain step by step how to update the rental income with the CPI. Rent your apartment and forget about worries 0% late payment. We take charge if the tenant does not pay. Before proceeding with the step-by-step explanation, let’s briefly review what CPI is. In essence, the acronym CPI corresponds to the Consumer Price Index , the indicator that evaluates how much the prices of a nation’s consumer goods increase. Its highest point was in July, with 10.2%. During the following months, until December, the percentage gradually decreased, reaching 6.8% in November . In any case, these are still very high numbers that have not stopped growing since March 2021. How much does a real estate agency charge to manage a rental?

How to update rental income with the CPI between April 2022 and December 2023

If the update of your lease occurs between you will not have to apply the corresponding CPI. The reason? After the increase in the index during 2022, the Government approved the emergency measure to decouple the CPI from the update of the rental contract. Instead, the income to be updated during said period must be based on the Competitiveness Guarantee Australia Telegram Number Data Index (IGC), limited to a maximum of 2% as an attempt to stop inflation. If the contract is updated before or after this period of time, the CPI would apply again. Steps to calculate the rental CPI in 2022 As complex as it may seem, updating the rental income with the CPI is a piece of cake if you follow the steps listed below: Check when you should update the rental price with the CPI. You must communicate the increase in the rent CPI to the tenant. . Proceed with updating the quota with the CPI of the indicated date.

How to update a rental income with the CPI?

The process of updating income with the CPI requires a basic formula that, once we fill in the specific data, will give us the new monthly amount. Let’s see what it is: (Rental income if we apply it to an example of updating the rental income , we will see how it works. Let’s say your rent is €800. After searching Australia Telegram Number List the INE website, you find that the CPI two months ago increased by 6.8%. quick answer is no . As a landlord, you can increase the CPI of the rent accumulated over, at most, the last five years. CPI forecast for 2023: will rental prices go up? Once explained, it is very easy to do. Likewise, at Housfy Rentals we can help you rent safely and