“How is the rent increase made?”, which concerns the landlord and the tenants. Many different factors affect the answer to the question. The increase in the monthly payment amount for rental properties occurs once a year. The rate of increase in rents is determined according to the rent amount of the previous year and the consumer price index of the last 12 months, in other words the Consumer Price Index. A higher than the Turkish Price Index rate cannot be applied to the monthly rental price of the property. At the same time, rent increases need to be regulated in accordance with Article 344 of the Code of Obligations. One of the most frequently asked questions, “How is the rent increase determined by the workplace?” Similarly, the Turkish Price Index average is taken as a basis. Rents of workplaces cannot be increased more than the Turkish Price Index. You can carry out the processes much more easily with the site-apartment common areas insurance, which provides coverage for tenants and property owners.
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