after primary electionsthe controversy Rental Law No.27,551 It is still in the eye of the storm due to the sharp rise in apartment prices and the lack of supply that exists. Before the elections, the Congress had convened a session to discuss the reform either repeal on August 23, which was ratified on Thursday.
However, the focus is on the quorum necessary to open the session on August 23. For this it is need 129 legislators present. Although for the oppositionit should be easy”, nobody has a guaranteed majority in the lower house and even a cold could affect the number. Although they consider that it would not be so tight if the three legislators of La Libertad Avanza also attend, since javier milei accompanied the session request with his signature.
Rental Law: what reforms does the opposition propose?
Prior to the elections, when the session was called for August 23, the opposition proposed that the contracts return to two years and that the adjustments are semi-annual through “agreement between the parties“, which would be a return to the past, prior to current legislation.
The Law No. 27,551 sanctioned in 2020 established three-year contracts with annual adjustments based on an average between the salary variation index and inflation, something that today hurts owners and real estate companies more than tenants.
Weeks ago the former deputy Daniel Lipovetskyexplained to Ámbito that the law was promoted due to a claim from the tenants, since before this legislation existed, “the agreed price was imposed increases above the inflation“.
However, the opinion that modified the law so that the contract is for two years and the adjustments every six months, was carried out prior to the departure of Sergio Massa from the presidency of the Chamber of Deputiesfor which the opposition points out that it was “old” due to the current economic context and they aim to correct this opinion, according to the situation.
Rental Law: can the opposition repeal the current legislation?
Yes ok Hernan Lombardi de JxC raised the repeal of the law in the last session that was held in the lower house, currently repealing the law would be practically impossible, since this initiative has no opinion, for which the opposition needs two thirds of the room to put it up for debate and vote on itand the votes for it are not there.
The opposition as a whole, including the bloc of libertarians, made a commitment to meet on August 23 and discuss the controversial Rental Law and they want to comply with it. But doubts are beginning to arise regarding the final result that this debate would have and the possible impact on the electoral campaign ahead of October 22.
Rental Law: what does the ruling party propose?
He majority opinionwhich was that of the ruling party, does not propose modifications in the current legislation regarding the duration of the contract or the term of the adjustments, but rather proposes fiscal benefits to encourage the real estate offer.
The initiative of the ruling party is in line with what was raised on Thursday by the Minister of Economy and candidate of Unión por la Patria Sergio Massa on the problem of rentals in dialogue with TV Chronicleregarding the fact that the claims that appear the most in the focus groups have to do with the escalation in new contracts and the almost no offers.
The opposition believes that this opinion would be vetoed in the venue and theirs would be voted on. Although the fear of some deputies is that in this context their opinion will not be superior to respond to the problem of rents and that Freedom Advanceswhich will surely veto both initiatives, will benefit for October.
Source: Ambito
