Rentals
While the modification of the Rental Law is being discussed, tenants who are able to update the contract will have an approximate increase of 57%. This means that if a person was paying $50,000 during the period between July 2021 and June 2022, as of this new month he will pay $78,500.
To calculate the increase in the rental price, both owners and tenants can consult the Index of Leasing Contracts (ICL) published every day by the BCRA on its official website.
This indicator contemplates the variation of inflation (according to the CPI measured by INDEC) and wages, according to the average remuneration of stable workers (Ripte). To apply the adjustment based on the ICL, a formula must be used taking into account the value of two dates: the start of the contract and the date on which the increase will be made.
The index can be consulted by entering http://bcra.gob.ar/, then clicking on the “statistics” tab and then on “main variables”. The “ICL” option is at the bottom of the long list that is displayed.
The user must select the start and end dates of the period to be consulted. First, you must enter the date on which the contract was signed, to know what the rate was at that time, and when the adjustment will be made.
Then, take the current rental price and divide it by the value of the index with the start date of the contract. Finally, that amount must be multiplied by the index of the date on which the rent figure changes.
In conclusion, the formula that must be applied is the total rent divided by the rate on the date the contract was signed, multiplied by the rate on the day the increase is applied to it. That value that it yields will be the amount of rent that the tenant must pay throughout the year.
Prepaid
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This month the third tranche of the increase authorized for prepaid medicine companies will take place. This time, the increase will be 4%, after increases of 8% in May and 10% in June. These updates will be added to those that already occurred in the first months of the year, with an accumulated 43% since the beginning of the current year.
CABA private schools
PRIVATE SCHOOLS
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The Government of the city of Buenos Aires authorized a 15% increase in the fees of private schools —which have a state contribution— starting in July. The families of the students of the Buenos Aires schools that have a subsidy have already begun to receive communications from the educational authorities with the new values that they must pay from next month.
Source: Ambito
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