Thursday 1 December 2022

Ministry of Housing approves rent adjustment at 10.64% due to inflation

Paying the bills

Latest

Government announced a reduction in the 2023 Marchamo after an update in the methodology

RICO's DIGEST (OPINION)  The government of Rodrigo Chaves announced...

Thomas Müller disses Costa Rica: “8-0 is possible”

QCOSTARICA - Bayern Munich legend Thomas Müller is confident...

The Costa Rica – Germany will be the first game refereed by a woman in the history of the men’s World Cups

QCOSTARICA - The French referee Stephanie Frappart will lead...

Getting your driver’s license made easier

QCOSTARICA - Getting your driver's license in a single...

Database published with more than 1.4 million Costa Rican WhatsApp numbers

QCOSTARICA - ESET, a leading proactive threat detection company,...

Pandemic Aggravated Violence against Women in Latin America

Q REPORTS (IPS) - Violence against women has failed...

“Anita Mikilona”: Costa Rica faces Germany on Thursday

QCOSTARICA - Drawn in a group with Germany, Spain,...

Dollar Exchange

¢596.50 Buy

¢604.70 Sell

1 December 2022 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA – Do you pay rent? Pay attention: the Ministry of Housing (Ministerio de Vivienda y Asentamientos) approved the maximum annual readjustment to housing rent, for the month of August 2022, which can be up to 10.64%, due to inflation.

According to the Ministry of Housing website, the adjustment responds to year-on-year inflation in August. The General Law of Urban and Suburban Leases (Ley General de Arrendamientos Urbanos y Suburbanos)  provides that adjustments be made when inflation exceeds 10%.

- Advertisement -

This percentage of increase applies only to housing rents and not to other types of real estate such as commercial premises, and offices, among others.

Read more: Costa Rica legislators reject global income tax

“It is important to emphasize to citizens that the increase for contracts that expire may be less than what is defined in the readjustment formula, but it cannot exceed what is established by the formula, this for the knowledge of both tenants and tenants,” according to the deputy Minister of Housing, Roy Allan.

 

 

- Advertisement -
Paying the bills
Avatar photo
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Getting married (and even divorcing) will be more expensive on July 1

If you are planning on getting married (or divorcing), celebrating a...

ICE Pays Millions Of Colonees In Rent For 5-Person Building

QCOSTARICA - Reason No. 5892 for why the Instituto Costarrisense de...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.