Rent a flat! A flat!

What did you need to know when you were leaving the floor?

In our earlier articles we have written about property acquisition in the Czech Republic. Hopefully, many of you have succeeded and now own a building or an apartment. This article is for you if you want to earn money by letting you buy a flat. apartments for sale qatar

We will be focusing on the changes made pursuant to Law No 107/2006 Coll.: the Unilateral Rent Increase Law and the amendments to Law No 40/1964 Coll., Civil Codes. We'll just call these hereafter "The Law"). The changes can be divided into two different categories:

1. The opportunity to increase the rent unilaterally for apartments in which the rent was fixed and unalterable due to binding regulation

2. The changes to the rent of apartments in which the rent is not regulated, and therefore the rent is subject to an agreement between the lessor and the lessor.

This article deals with paragraph 1. We will address point 2 in our next article.

The new law states that between 31 March 2006 and 31 December 2010, the unilateral increase of rent may be imposed by a lessor which corresponds to the effectiveness of the law. If the landlord decides to increase the rental, several conditions must be fulfilled. The terms are as follows:

1. The lessor must send a notice of the rent increase to the lessee. The document must be in writing and include reasons for the rental increase, e.g. why the increased amount of rent is requested under the law

2. The rent cannot immediately be increased, but with effect from 1 January 2007.

3. Rent can only be increased once a year.

4. The rental increase may not exceed the maximum amount provided by the relevant regulations

The duty to pay the higher rent amount applies:

1. From the day indicated in the rental increase announcement (Given that the conditions mentioned above are met).

2. On the first day of the calendar month, the rental increase shall be delivered to the rental person as soon as possible three months following the announcement of the increase.

We should give an example to explain what is mentioned in paragraphs 1 and 2 in respect of reasonable higher rent demands:

If the leaser wishes to increase the rent with effect from 1 March 2007, the notification must be delivered to the leaser no later than 30 November 2006. If it is delivered later, the rent may not increase until 10 January 2007, even if the date of 1 March 2007 is mentioned in the announcement.

In cases of doubt as to the legitimacy of the rent increase, the leasee is entitled to file a petition before a court and seek a decision from the court whether or not the rent increase is in compliance with Czech law within the legally required time limit referred to above.

Finally, it should be stated that the law contains an appendix that allows the exact amount of money to be calculated by which the rent can be increased at a particular location and in a particular apartment.

We hope that this article will provide you with basic guidance on how to proceed if you are a leaseholder or rent hirer. We will answer any specific questions you may have and will be happy to offer our services to you if you like.

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