_1777352142843_145525226.png&w=48&q=75){kind=small}
Old lease law: Rent increase method from September
The Old Rent Law establishes a mechanism for increasing the rental value by 15% annually during a transitional period that lasts five years for non-residential units and seven years for residential units. The contracts are to end by 2032 unless both parties agree on a new arrangement. Eviction before the end of the term is permitted in specific cases, such as if the unit remains closed for more than a year or if the tenant or someone else owns another unit used for the same purpose. Additionally, the law divides areas into three categories with values of 250 pounds, 400 pounds, and 1000 pounds per month, applying the annual increase to either these values or the actual rent—whichever is higher.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)