You own a flat in Divonne, Ferney-Voltaire, Gex or Saint Genis-Pouilly and currently lease it? You are a tenant whose rent is about to be revaluated?
Every trimester, the French National Institute for Statistics and Economics Studies (INSEE) publishes its Rent Reference Index (indice de référence des loyers or IRL). This index sets the upper limit of the yearly rent increase landlords are allowed to ask from their tenants (article 9, Law n°2008-111 of 8 February 2008).
For the 3rd trimester of 2013, the official INSEE’s IRL goes up 0.90% to reach 124.66. It loses 1.25% compared to the 3rd trimester of 2012 (+2.15%). It is the smallest increase since the 1st trimester 2010.
The variation of the IRL sets the possible annual lease variation when the contract includes a lease change provision, and applies to all types of lease, whether the flat is furnished or not.
The rent increase initiated by the owner can either take place at a date mentioned in the lease contract or, if no precise date is set, on each year’s anniversary date of its signature. The rent increase cannot exceed the official IRL published by INSEE.
As a rule, the IRL index to be taken into account is the latest published by the anniversary date of the lease contract. The IRL is published on April, 15th for the first trimester, on July, 15th for the second trimester, on October, 15th for the third trimester, and between the 15th and the 20th of January for the fourth trimester of the previous year.
You are not a professional leaser? You have to know that each and every lease can be revaluated yearly according to the IRL. Let us take the example of a 4-rooms house with a floor space of 86m² leased for a monthly rent of 1’630 € (without condominium charges), located for instance in Echenevex, with a lease contract signed on September, 30th. On October, 1st, its rent could have been revaluated as follows:
1’630x1,009 = 1 644,6 €.
You will find all the relevant information regarding the IRL variations at the following URL:
2 REAL ESTATE AGENCIES
FOLLOW ABA IMMOBILIER
Accept and continue More information