If renting a property at an affordable price in Spain is becoming more and more complicated, unfortunately for tenants, landlords will be able to raise rents to a greater extent in the annual renewal. In 2023, the maximum allowed increase is 2%, but this limit will increase in 2024 to 3%.The modification of the price of rent is only possible if the lease contract include a clause specifying the possible updating of the rent of the apartment. In this way, the landlord could modify the price each year of the lease.
Some of the most important changes if you are a landlord
It makes it easier for the person affected by a breach of contract in matters of rent may resort to the verbal trial procedure. This allows to resort to the verbal trial procedure in case of claims for amounts that are less than or equal to 6,000 euros, which has lower economic costs and is more agile than the ordinary trial. More possibilities for the communities of owners in the face of tourist rentals. The possibility is introduced that by agreement of a majority of 3/5 of owners (currently, it is by unanimity) it is possible to limit or condition the tourist apartments, establishing the possibility of agreeing a greater contribution of these to the general expenses (up to 20% more).
Some of the most important changes if you are a tenant
The mandatory extension is extended from 3 to 5 years (or 7 years if the lessor is a legal entity). During the 5 years of mandatory extension, the landlord – natural person – will only have the right to recover the property for himself or his family if it was expressly stated in the contract at the time of signing. The tacit extension is extended from 1 to 3 years and the notice period for the lessor is increased to four months and two months for the lessee for the beginning of the tacit extension.
In addition, andl State Housing Plan 2022-2025 only provides for rental subsidies for permanent and permanent housing and for tenants with annual incomes up to 3 times the IPREM, 4 times the IPREM for large families and people with disabilities and 5 times the IPREM for special large families and people with different degrees of disability.
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