2023-09-29 13:53:43
He Senate of the Nation approved the project that reforms the Rental Law and introduced some changes to the initiative sanctioned at the end of August in the Deputies, so it must return to the Chamber of origin for a second review, which will now only be able to accept the modifications or insist on the original sanction.
In the Senate, the project was approved by 37 to 29, and had the support of the Frente de Todos and the Peronist senators that make up the Federal Unity bloc; while Together for Change voted against because it intended to approve the project that had been reviewed by Deputies and sanction the law on the same Thursday.
The initiative coming from Deputies established that the parties must agree on the mechanism for updating the rental price at the beginning of the rental relationship, being able to apply for such purposes the consumer price index (CPI), the wholesale price index (WPI) and the salary index (IS), prepared by the National Institute of Statistics and Censuses (Indec) or a combination of said indices.
Rental Law: what changes has it
- The project approved by the Senate establishes three years as the minimum legal lease term and adds that “lease contracts for” housing will be stipulated “in a single value in national currency and for monthly periods on which adjustments may be made periodically at intervals of no less than six months.”
- The Senate also modifies the mechanism for updating rental prices, allowing “The 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 salary variation coefficient published by the INDEC, and the variation of the reference stabilization coefficient, published by the BCRA. ”.
- The project approved in the Senate also modifies the norm that came under review by Deputies by incorporating a last paragraph on article nine establishing that “income from the rental of up to two properties will be exempt from paying the Monotributo.”
- Finally, a new article is addednumber twelve on Income Tax: “The parties may deduct from the Income Tax the sum equivalent to ten percent of the annual amount of the lease contract.”
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