3 ms·

> Landlords who want to make renovations that would push up prices by more than €0.50 per square metre will have to seek approval. So, basically any renovation

• TrackerFF 7y ago
  On the other side: I live in a country where you can only raise the rent by the rate of inflation, so not a whole lot. However, if you do renovations, you can raise the rent to whatever you want. So what happens is that home-owners re-paint the interior every 2-3 years, and set the rent to match the market. I have friends who have gotten the notice of renovations (you can break/complete a contract if it's for renovation), and then 3 months later gotten the option of renting the same space - but only with a 30%-50% markup. Only difference? Fresh coat of painting.
• munk-a 7y ago
  This particular constraint seems poorly thought out, any property that has suffered from poor maintenance will need to seek approval before renovating - including issues that will compound depreciation. Bad pipes in a building significantly lower the value of a building (since that's super pricey to fix) - but that value drop is multiplied over time as water damage becomes more frequent and widespread. I would hope that any board would provide no resistance when health related renovations are on the table - slum lord apartments with mold problems can have life long effects on any occupants forced into the living situation by their income.