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January 2, 2025
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Do you want to raise your RENT? These are the cases in which it does NOT apply

Do you want to raise your RENT? These are the cases in which it does NOT apply

The maximum figure that can increase the rent in Colombia by 2025 is already known.

When living in a complex you must follow some rules, if you don’t you will have to pay a fine.

With the beginning of 2025households revise their budgets to adapt to common economic variations. Factors like the transportation, food and basic services They tend to register increases, which directly affects the cost of living.

The rental of housing also presents adjustments at the beginning of each year. Data from the DANE Quality of Life Survey show that, in 2023, More than 21 million people lived in rented properties, which is equivalent to 40.3% of the population. These changes represent a constant challenge for families when organizing their annual finances.

Also read: The best platforms to search for rent in Colombia quickly and easily

How much will rent increase in Colombia in 2025?

The readjustment in rental contracts cannot exceed the 100% of the consumer price index (CPI) from the previous year. According to current inflation, the maximum increase allowed will be 5.2%.

For example, for a contract with a monthly fee of $1,000,000, the maximum increase would be $52,000, setting the new value at $1,052,000.

This adjustment only applies if the contract has completed one year with the same value and the lessor notifies the lessee in advance.

However, there are cases in which the value of rent should not be increased.

Rental contract in Colombia

Pexels – Pavel Danilyuk

It is important to keep in mind that, for a rent in Colombia is valid, it must be formalized by means of a contract signed by both parties: tenant and the owner of the property.

Sayings contracts are regulated by the Law 820 of 2003 and the Civil codewhere the situations are established in which it is not possible to modify the value of the rent.

There are seven cases in which the rent:

Current contracts

He rent It cannot be increased before the first year of the contract is completed. Increases that exceed this limit or that do not respect the established deadlines may be considered illegal and generate sanctions.

Rentals in Social Interest Housing (VIS)

In the social interest housing (VIS)the regulations for increases are stricter. Exceeding the established legal limits could violate the rights of the tenant.

Pending maintenance

Any increase must consider the conditions of the home. If there are problems such as structural damage, humidity or failures in basic services, the increase can generate conflicts. These situations need to be resolved before making adjustments.

Of interest: Since when will rents increase in 2025? Prepare your pocket for the increase

Economic conditions of the tenant

Although it is not required by law, taking into account the economic situation of the tenant can facilitate a positive contractual relationship. Contexts such as unemployment or general economic crises can influence the perception of adjustment.

Changes in legislation

If they exist government measures or special decrees that limit increases, as occurred during the pandemic, adjustments must be suspended while these regulations are in force.

Increase notification

The law requires that any adjustment in the rent be communicated in writing at least three months in advance. If this requirement is not met, the increase should not be made.

Excessive increases

Proposing increases that exceed average market prices or established values ​​for regulated areas may lead to formal complaints from the tenant before the authorities.

These regulations seek to protect the rights of both lessors as of tenantspromoting balanced contractual relationships adjusted to current regulations.

Source: Digital Integrated System

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