Mar 8 • 09:00 UTC 🇦🇷 Argentina La Nacion (ES)

Rentals: how increases will be this month

Contracts for rentals with adjustments scheduled for March will see new increases based on different rental agreements in place.

As the new month begins, rental contracts that have adjustments scheduled for March are set to see new increases. The rate of these increases will depend on the type of rental agreement that was signed, with three main types currently in effect. These include contracts signed under the old rental law, which have annual adjustments based on the Rental Contracts Index (ICL), those signed after the law was updated with biannual adjustments according to Casa Propia, and contracts established after the law was repealed at the end of December 2023, allowing contractual freedom between parties.

The three types of contracts create a varied landscape for tenants and landlords alike. The contracts that were signed before the legal changes are required to adhere to the old rules, meaning they may see more predictable adjustments linked to the ICL. In contrast, the newer agreements signed post-law repeal allow for more flexibility but may lead to more volatile increases as many adjust based on the inflation rate (IPC) every three to four months. This change in policy has significant implications for financial planning for both renters and landlords, as the dynamics of the rental market shift.

Stakeholders are keenly observing how these changes will affect rental prices and availability in the coming months, especially in the context of Argentina's ongoing economic challenges and inflation. With multiple types of contracts in play, renters may find themselves in different scenarios based on the type of lease they signed, potentially affecting their housing stability and affordability.

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