My rental agreement is coming up to five years and the landlord has said nothing. Does it extend for three years or two? At what price?
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A renter's contract is set to last five years, ending next November, and the landlord has not expressed a desire to not renew it or raise the rent. The renter believes the contract will automatically extend for three more years under the same conditions. According to the Urban Leases Law (LAU), if the landlord did not give proper notice, the contract will extend for up to three years.
The recently introduced decree limiting rent increases to 2% does not apply in this case, as the renter is entitled to a three-year extension.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
