
Landlords of properties are familiar with the clause in the rental agreement that index adjustments can be made to the tenant as soon as the index fluctuation has reached over 5 %. This new index figure forms the new basis for the calculation of further overruns. This addition should appear in every tenancy agreement, but many landlords have not always taken care of this, which was not really necessary until now due to the low fluctuations.
However, last year was a tough one with its ongoing index overruns and many tenants received mail from their landlord more often than they would have liked. The rent kept climbing.
Added to this were the increased operating costs at the end of the year, which were sent out and prescribed by most property management companies shortly before Christmas.
Easy to find
Both tenants and landlords can find the current index figures at www.statistik.at. Here you can use the index calculator to easily calculate or check the new net rent and note the index figure from which an adjustment can be made. Details can be found on the aforementioned homepage under "CPI - Inflation rate", then under "Further data", where you will find a list of the latest index figures.
The current consumer price index (CPI) is from 2020.
As with an increase in operating costs, which can also be charged to the tenant, it should be noted that the tenant must be informed in writing two weeks in advance. If this is not the case, the increase can only be charged in the following month.
Let's hope that there will be stabilisation here too, otherwise many rental flats will soon be empty, as tenants will no longer be able to afford rental flats and landlords will no longer be able to keep them due to rising interest rates!