Javier Milei proposed repealing the law and allowing the dollarization of contracts. He considers it a necessary measure to liberalize the rental market and reduce bureaucracy.
Rental Law 27,551 was enacted in June 2020.
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The Rental Law 27,551sanctioned in June 2020, establishes that the rental price should be set in Argentine pesoswithout the possibility of being indexed by dollar variation or any other index.
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What is the Rental Law?
Rental Law 27,551, enacted in June 2020, establishes the basic rules for property rental contracts in Argentina. The law seeks to regulate the rental market and protect the rights of tenants and owners.
What does the Rental Law say about the dollarization of rents?
The Rental Law establishes that the price of rentals must be set in Argentine pesos, without the possibility of being indexed by the variation of the dollar or any other index.
Why does the Rental Law prohibit the dollarization of rents?
The Rental Law prohibits the dollarization of rents to avoid speculation with the price of rents. Dollarization could generate an inflationary spiral, as landlords could raise rental prices based on the change in the dollar, which in turn could generate greater demand for goods and services in dollars, which in turn could generate greater inflationary pressure.
Rental Law
What would happen if the Law were repealed and the dollarization of rents was allowed?
If the Rental Law were repealed and dollarization of rents were allowed, rental prices could rise significantly. This could lead to a higher cost of living for tenants and could make it more difficult for them to access decent housing.
What do tenants think about the dollarization of rents?
In general, tenants oppose the dollarization of rents. Tenants believe that dollarization could generate greater uncertainty and volatility in the rental market.
What do owners think about the dollarization of rents?
In general, landlords support dollarization of rents. They consider that dollarization would allow them to protect their income from inflation.
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Argentine News
What is Javier Milei’s position on the dollarization of rents?
Javier Milei has proposed repealing the Rental Law and allowing the dollarization of contracts. He considers dollarization a necessary measure to liberalize the rental market and reduce bureaucracy.
Written by NA Agency.-
Source: Ambito
