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New Developments in the Rental Market for 2024 🏠

Extension of Rental Measures: Updates and Perspectives

In this year 2024, the Government has once again decided to extend some of the rental measures implemented in response to the crisis caused by the COVID-19 pandemic, which was subsequently aggravated by conflicts in Ukraine and the Middle East. These rental 2024 developments have a significant impact on the market and the rights of tenants and landlords.

Specifically, the measures that have been extended are as follows:

Evictions and removals affecting vulnerable individuals remain suspended until December 31, 2024. Additionally, the deadline for landlords or property owners affected by this suspension to request compensation is extended until January 31, 2025.

Understanding how these government decisions are shaping the 2024 rental landscape is crucial. The uncertainty generated by the pandemic and international conflicts has led to greater caution in the rental market, with landlords and tenants closely examining contractual conditions and the implications of extensions on their businesses and residences.

However, it is important to note that this suspension only affects procedures known as ‘verbal’ (such as eviction for non-payment, expiration of the lease, precarious possession, etc.), as well as those where the eviction stems from a criminal process. In contrast, procedures processed through the ordinary route, such as those seeking resolution of a lease contract for reasons other than non-payment or expiration of the lease term, are not suspended, even if the individuals affected are vulnerable.

Rent Updates for 2024

On the other hand, it is important to remember that if rent needs to be updated during 2024, a large landlord can only increase it by a maximum of 3%; if not, they can negotiate the increase they wish, and in case of a lack of agreement, they can increase it by the same limit. However, this measure does not affect business premises; only housing rentals.

These rental extensions have a significant impact on the market and the rights of tenants and landlords, so it is important to be informed about their implications and how they can affect the various parties involved in rental 2024.

For more information about the extension on for 2024 you can click here.

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