The proposal of housing and construction business entities seek to change two highly questioned articles. They hope to be able to deal with it before the August 23 session.
The Rental Law is one of the legislations that continues to bring controversy and need in equal parts. Now, another project presented at the Congress seeks modify two highly questioned articles.
The main drivers of these modifications were the Argentine Real Estate Chamber (CIA), the Business Chamber of Urban Developers (Identification card Housing Entrepreneurs Association (AEV), the Real Estate Federation of the Argentine Republic (FIRA) and the Foundation of Studies for Real Estate Developments (FEDI) . In a statement, the entities assured that the proposal aims to “generate a gradual increase in the supply of housing and the drop in values rents” in the short term.
From Together for Change pThey went to convene a special session to discuss the law and it is expected that the August 23rd. In any case, the groups that requested the modification indicated to Infobae that they maintained contacts with the national government and that They hope it can be dealt with sooner.
What are the two articles that seek to modify the Ley de Alquleres
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The proposal suggests that the rental price is set as a single value and for monthly periods, allowing quarterly adjustments As minimum. In addition, it is proposed that bonuses or other methodologies that may confuse the tenant are not allowed.
Regarding the adjustment formula of the locations, the project stipulates that the inincreases are based on an index made up of equal parts of the monthly variations of the Consumer Price Index (CPI) of the Indec and the average taxable remuneration of stable workers (RIPTE), which is published monthly by the Central Bank of the Argentine Republic (BCRA). This new formula would replace the current ICL index, which has been criticized for its impact amid high inflation.
In addition, the proposal seeks to reduce the legal minimum term of rental contracts to two years. “The current term of one year is insufficient in an unbalanced inflationary context and has generated problems such as an acceleration in prices, contraction of supply and difficulties for both contracting parties,” the real estate entities noted.
Source: Ambito
