After approval in the Chamber of Deputies, the new rule will have semiannual adjustments and the duration of the contracts will be three years.
The Chamber of Deputies approved this Wednesday the project of rental reform with the changes included by the Senate driven by the Front of All. The new rule modifies the one approved in 2020 and proposes, among other changes, the extension of the duration of contracts to three yearssettings semiannual which will be done under the same formula used by the Ministry of Territorial Development and Habitat of the Nation in the Procreate II program.
However, and until the reform is enacted or effectively begins to govern, the law will remain with the same conditions that since its sanction in June 2020 and all contracts signed until then will continue with those parameters.
In the same way, the contracts that have already been signed will maintain the standard that currently applies. Those who signed an agreement in October will be able to stay in the same property until the same month of 2026 and the adjustments They will continue to be year-on-year based on the Lease Contract Index (ICL) stipulated by the Central Bank.
Modification of the Rental Law: what it consists of
The modification of the Rental Law It was approved this morning with votes from Front of Allthe Neuquén Popular Movement, two from Buenos Aires Identity, two socialists, one from Córdoba Federal, one from Together for Rio Negro, two from the Concordia Front and four from the left.
With the sanction of this project, the contracts are maintained for three years, which must be stipulated “in single value in national currency and by monthly periods on which they can be carried out periodic adjustments at intervals of not less than six months.
The reform introduced by the Senate changed the mechanism for updating rental prices and established that “adjustments must be made using a coefficient made up of the smallest variation that arises from comparing the average of 0.9 of the variation of the coefficient of salary variation published by INDEC and the variation of the Reference Stabilization Coefficient (CER)published by BCRA“.
Source: Ambito
