The rent increase rate for October was determined with the announcement of August inflation data. With the inflation data for September announced by the Turkish Statistical Institute (TÜİK), the 12-month CPI figures affecting rent increases were clarified, and the new rent increase to be applied in October was determined. With the removal of the 25% rent increase limit in July, tenants whose lease agreements have ended will adjust their rents to landlords based on current CPI data. So, how much was the rent increase rate in October, what percentage? How much is the rent increase for houses and commercial spaces, in TL? The rent increase rate for October was revealed following the announcement of September inflation data by the Turkish Statistical Institute (TÜİK). With the monthly inflation data announced by TÜİK at the beginning of each month, rent increase rates continue to be on the agenda of homeowners, landlords, and tenants. The rent increase rate for October will be determined based on current CPI rates due to the end of the 25% rent increase limit imposed by the government for the past 2 years. So, how much was the rent increase rate in October, in percentage? How much is the rent increase for commercial spaces, in TL? The 25% rent increase limit in rent has ended on July 2. The rent increase for those renewing their contracts in October will be determined based on the 12-month CPI rate. Landlords will not be able to exceed the CPI limit, and those in the pre-July period cannot demand new increases for this year. Accordingly; The 25% rent increase limit ended on July 2, 2024. Thus, tenants whose contracts have expired will adjust their rents to landlords based on the current 12-month CPI rate in October. Under normal circumstances, rent increase rates calculated based on CPI data have been capped at 25% in the past 2 years after the implementation introduced by the government. As of July, this limit has been lifted, and tenants renewing contracts in October will increase rents based on CPI. Accordingly; The rent increase rate for October will be 63.47% following the 12-month CPI data of 63.47%. Current Rent Amount: 23,000 TL Month of Rent Increase: October 2024 Entered Increase Rate: Percentage Rent Increase Amount: 14,598 TL New Monthly Rent Amount: 37,598 TL Current Rent Amount: 23,000 TL Month of Rent Increase: October 2024 Entered Increase Rate: 25% Rent Increase Amount: 5,750 TL New Monthly Rent Amount: 28,750 TL
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