The Tenants Federation asked the government to extend the validity of rental contracts that expire in the short term and suspend the increases for six months, with the aim of “confronting speculation and the market blow that real estate companies are giving.” Meanwhile, the Senate has pending the debate on the reform of the current law.
“From the Federation of National Tenants we have requested the president Alberto Fernandez to extend all the rental contracts to face the speculation and the market blow that the real estate. We also ask that you suspend the increases for 6 months,” he said in a statement.
The entity pointed out that “this measure is exactly the same that was carried out by decree during the mandatory social and preventive isolation during the pandemic”, when the Government ordered the freezing of rents and the prohibition of evictions.
Changes in the rental law
Last August 23, The Chamber of Deputies gave half a sanction to the reform of the Rental Law, which proposes reducing the duration of the contract to two years and allowing adjustments every four months.
The reform project began to be analyzed in the Senate, Until now, there has not been a majority consensus to approve the initiative voted by the lower house.
Gervasio Muñoz, president of the National Federation of Tenantssaid that “real estate companies are stopping all rentals to force the modification of the Rental Law.”
“Faced with this mafia practice, which is clearly a market coup, it is urgent to guarantee the housing of 10 million tenants,” the leader concluded.