Renting heavy up – this reported message for all who rent apartments for a long period of time. With the advent of 2024, we face another wave of increases that can contact tenant pockets throughout the market. But how much do tenants truly request to prepare for? What are the causes of this growth, and what additional costs may they face?
According to the data of the portal plotkosfera.pl, this year long-term tenants must anticipate a rent increase of as much as 21.4 percent. This is simply a immense amount that can importantly affect the budget of any tenant. The reason for this increase is the valorisation clause in the contracts, which allows housing owners to rise rents according to the average yearly index of the increase in full prices of consumer goods and services from the erstwhile calendar year. In 2023, the rate was as advanced as 11.4 percent, which means that owners have the right to rise the rent by this amount.
However, it is possible to negociate with the tenant to reduce or destruct this increase. However, for many tenants this option may be hard to achieve, especially in the face of specified a advanced inflation rate.
It is worth noting that long-term lease agreements are inactive uncommon on the Polish market. Typically, these agreements are concluded for a year with the anticipation of renewal, which means that each year can bring fresh negotiations and possible increases to tenants.
However, even if long-term contracts are rare, rent increases are not the only challenge that tenants face. In addition to the rent, tenants frequently gotta pay additional fees, which can importantly increase the financial burden. Water, sewage, waste disposal – these are only any of the costs that may arise.
According to CSO data, housing fees, including for media, increased by more than 14 percent compared to the erstwhile year. The rate of increase in these costs was faster than the inflation rate, which means that housing is becoming more costly not only in terms of rent but besides in terms of additional fees.
Especially severe increases have affected energy carriers, specified as heat, electricity, and gas, which in any cases have increased by respective twelve percent. The increase in waste disposal and waste water collection charges is besides noticeable and can represent crucial expenditure for tenants.
So it is worth considering how to cope with the expanding cost of housing. Negotiations with the tenant may be 1 of the solutions, but they do not always deliver the expected results. It is so worth considering the search for alternate housing solutions that can be more economical in the long term.
In the face of rising housing costs, more and more people may pay attention to another forms of housing, specified as communal housing, shared housing, or even buying their own accommodation. Of course, each of these options has its disadvantages and advantages, but in the face of rising rental prices, they can become increasingly attractive to many people.
In summary, 2024 could pose further challenges for housing tenants, both in terms of rent increases and additional fees. Negotiations with the tenant and the search for alternate housing solutions can be crucial for those who want to minimize the impact of rising costs on their budget. However, to make the right decisions, it is worth being aware of the current marketplace situation and analysing all available options.”
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