What will be the rent increase for the work – office places?
According to the officials, the rent rate is determined and based on the 12-month average of the Consumer Price Index. However, this applies to housing or Rent office. For work real estates, it is determined according to the agreement between the land owner and the customer.
RENTAL INCREASE IN HOUSES ACCORDING TO CPI
According to the CPI, the rent increase in housing is determined according to the 12-month average of CPI as this regulation has been put into effect starting from January 18th. The increase in rent can be made up to this rate. Of course, less rent increase can be made according to the assessment between the consumer and the land owner.
Turkey Statistical Institute (TSI) announced yesterday the inflation rate. According to this; The 12-month average CPI was at the rate of 19.91%. If the adjusted increase in PPI continued, the rent increase would be 32%.
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CPI INCREASE FOR WORKPLACES IN JULY 1, 2020
According to inflation, the increase in rent in the workplace will be passed on July 1, 2020. Contracts to be renewed for business leases after this date will be based on 12-month average. However, at this stage, the rent agreement or the owner’s request will be taken into account.