Common use of ANNUAL RENT ADJUSTMENT Clause in Contracts

ANNUAL RENT ADJUSTMENT. 5.1 High-segment rental property or mid-segment rental property 5.2 The rental price will be changed annually on ……………., for the first time on ........., as laid down in articles 5.3 and 5.4. A distinction is made between: A) the situation in which there is legislation that caps the annual rent increase (Article 5.3); B) the situation in which there is no legislation that caps the annual rent increase (Articles 5.4). In all cases, the landlord will inform the tenant of the new rent in writing at least one calendar month before the date of commencement, stating the methodology used under the rental agreement. If the tenant does not agree to the communicated rent change, he must notify the landlord in writing no later than the date of commencement of the new rent and he has the right to terminate the rental agreement subject to a notice period of one month. 5.3 Ad A: High-segment rental property or mid-segment rental property: if legislation is in force that caps the annual rent increase

ANNUAL RENT ADJUSTMENT. 5.1 High-segment rental property or mid-segment rental property 5.2 The rental price will be changed annually on ……………., for the first time on ........., as laid down in articles 5.3 and 5.4. A distinction is made between: A) the situation in which there is legislation that caps the annual rent increase (Article 5.3); B) the situation in which there is no legislation that caps the annual rent increase (Articles 5.4). In all cases, the landlord will inform the tenant of the new rent in writing at least one calendar month before the date of commencement, stating the methodology used under the rental agreement. If the tenant does not agree to the communicated rent change, he must notify the landlord in writing no later than the date of commencement of the new rent and he has the right to terminate the rental agreement subject to a notice period of one month. 5.3 Ad A: High-segment rental property or mid-segment rental property: if legislation is in force that caps the annual rent increase 5.4 Ad B: High-segment rental property or mid-segment rental property: if no legislation is in force that caps the annual rent increase