In the Headlines
January 7, 2025
What You Need to Know About Rental Prices and Administration Fees This Year
Asuntos Legales
Real Estate attorney Esteban García was interviewed by Asuntos Legales regarding changes in rental prices and administration fees in Colombia for 2025. The article highlighted that adjustments in residential rental prices are tied to the previous year's inflation and will be applied upon contract renewal. The expected variations for 2025 will be based on the Consumer Price Index (CPI), directly impacting both landlords and tenants. Mr. García explained the differences in regulating increases for commercial properties and other non-residential real estate.
"For rental contracts of properties not intended for urban housing (e.g., commercial premises, rural properties, etc.), increases are usually regulated by the respective rental contract. There are no special legal provisions or specific limits for rent increases in these types of leases," he said.
READ: What You Need to Know About Rental Prices and Administration Fees This Year
"For rental contracts of properties not intended for urban housing (e.g., commercial premises, rural properties, etc.), increases are usually regulated by the respective rental contract. There are no special legal provisions or specific limits for rent increases in these types of leases," he said.
READ: What You Need to Know About Rental Prices and Administration Fees This Year