The 25 percent increase limit, which has been applied during lease renewal periods for the last two years, ended as of last month and all eyes are on TÜİK’s inflation data. While the institution recently announced inflation data for July, the rent increase rate for August also became clear.
How Much Was the Rent Increase Rate in August?
As mentioned above, after the 25 percent limit on increase rates was lifted, the inflation data that homeowners and tenants were eagerly awaiting was finally announced. According to TÜİK data inflation is 61.78 percent annually Happened and It increased by 3.23 percent on a monthly basis.
Consumer Price Index, July 2024
Consumer price index (CPI) increased by 61.78% annually and 3.23% monthly
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↪️ https://t.co/PJ4qRem5tF pic.twitter.com/YObYPVoak8— tuik.gov.tr (@tuikbilgi) August 5, 2024
So, what are the rental rates? As known rent increase rates are in line with the 12-month average of inflation is determined accordingly. In this context, CPI 65.93 percent according to 12-month averages happened as. this too lease agreement expired home and business owners rent This means that it can increase by 65.93 percent.
How to Make a Lease Agreement, What Should Be Considered?
We have compiled all the details you need to pay attention to when making a rental agreement. Here’s how to make a qualified contract that protects the rights of the owner and tenant!
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