2023-08-30 14:18:33
In the current economic context, rents are at a critical point. It is that due to the lack of supply, the prices skyrocketed and many tenants had their contract expired with the 2020 law. In this sense, some were able to renew and others are negotiating an extension until they can find a new place.
According to the index of lease contracts the supply of real estate collapsed up to 60%, while prices rose up to 620%.
Besides, The extension of the rental contract consists of the extension of the contract that is ending. In it, all the clauses of the previous contract are maintained, where only the date and price of the rental are changed.
This is done when the tenant asks the owner to stay one month following the original contract. Everything has to be documented for the peace of mind of both parties.
From some sectors they assure that Extensions are being carried out ranging from three months to a year.
Regarding prices, it must be taken into account that the extension triples the amount paid in the last month. A two-room apartment that used to be paid 60,000 pesos with an annual update, today can cost 180,000 pesos.
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