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September Rent Updates in Argentina Split by Contract Type as Legacy ICL Leases Face 50% Jump

Newer agreements often track IPC on shorter cycles, with many September revisions pending INDEC’s August figure due September 10.

04-12-2024 - Buenos Aires Nuevo billete de 20.000 pesos. Foto: Luciano Thieberger. FTP CLARIN IMG_20241204_094918.jpg Z Invitado
Quienes tienen contratos vigentes por la Ley de Alquileres ajustarán su acuerdo en septiembre con el mejor porcentaje desde 2021
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Overview

  • Contracts signed since December 30, 2023 follow Decree 70/23, allowing landlords and tenants to freely set the index and frequency of rent adjustments.
  • Leases that began between July 2020 and October 17, 2023 still adjust annually by the BCRA’s ICL, and a September reset would raise the rent about 50.3% year over year, according to Clarín’s calculation using official index values.
  • Many IPC-indexed quarterly updates scheduled for September cannot be finalized until INDEC releases August inflation on September 10, with provisional calculators indicating roughly a 5.5% rise.
  • Some contracts apply the most recent three published months of IPC, which currently points to a 5.1% increase for September based on May, June, and July data, including July’s 1.9% reading.
  • Owners may propose out-of-contract increases only with the tenant’s consent, and renters can reject unilateral hikes and seek assistance from consumer-protection channels.