{"id":3804,"date":"2023-11-05T23:00:00","date_gmt":"2023-11-05T23:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T23:00:00","slug":"the-annual-rent-update-coefficient-for-2024","status":"publish","type":"publicacion","link":"https:\/\/belzuz.com\/en\/publicacion\/the-annual-rent-update-coefficient-for-2024\/","title":{"rendered":"The Annual Rent Update Coefficient for 2024"},"content":{"rendered":"<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">In 2023, the increase in rents in rental contracts was limited to a 2% update, which did not keep pace with the rising inflation and the regulations of the NRAU (New Urban Rental Regime).<\/p>\n<p style=\"text-align: justify;\">A similar situation was expected for 2024 but the government ultimately reversed its decision to impose restrictions on rent updates, allowing them to once again align with the inflation rate.<\/p>\n<p style=\"text-align: justify;\">Therefore, the planned rent increase for 2024 will be based on the inflation rate calculated by the INE (National Statistics Institute), which is set at 6.94%, according to a notice published on October 30, 2023.<\/p>\n<p style=\"text-align: justify;\">As a result, landlords will have the option to update their rents up to the update coefficient of 1.0694, as shown below:<\/p>\n<p style=\"text-align: justify;\">For example, a rent of &euro; 1,000 can be adjusted or updated up to a maximum of &euro; 1,069.40, as follows:<\/p>\n<p style=\"text-align: justify;\">&euro; 1.000 x 1,0694 = &euro; 1.069,40.<\/p>\n<p style=\"text-align: justify;\">Rent updates require written communication, which must be sent to tenants with a minimum of 30 days&#8217; notice before the new rent payment due date.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"> has a dedicated team of  specialists ready to assist you on this and other matters related to the recent developments in the real estate sector.<\/p>\n<p style=\"text-align: justify;\"><span>&nbsp;<\/span><\/p>\n<p style=\"text-align: justify;\"><\/p>\n","protected":false},"featured_media":431,"template":"","categories":[],"area-de-practica":[],"publicaciones":[],"idioma-publicacion":[71],"areas-practica-publicacciones":[],"class_list":["post-3804","publicacion","type-publicacion","status-publish","has-post-thumbnail","hentry","idioma-publicacion-ingles"],"acf":[],"_links":{"self":[{"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/publicacion\/3804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/publicacion"}],"about":[{"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/types\/publicacion"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/media\/431"}],"wp:attachment":[{"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/media?parent=3804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/categories?post=3804"},{"taxonomy":"area-de-practica","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/area-de-practica?post=3804"},{"taxonomy":"publicaciones","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/publicaciones?post=3804"},{"taxonomy":"idioma-publicacion","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/idioma-publicacion?post=3804"},{"taxonomy":"areas-practica-publicacciones","embeddable":true,"href":"https:\/\/belzuz.com\/en\/wp-json\/wp\/v2\/areas-practica-publicacciones?post=3804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}