GOVERNMENT WILL LIMIT RENT INCREASES

GOVERNMENT WILL LIMIT RENT INCREASES

The Prime Minister, António Costa, stated today that the Government is thinking about establishing a legal limit on increases for the monthly rents of long-term rental contracts in 2024, as has been expected for some time. We have already reported on this blog that...
RENTAL INCREASES OF 6.94%?

RENTAL INCREASES OF 6.94%?

The INE (National Institute of Statistics) released today the official rates of inflation, one of which is the annual increase of rents coefficient.The final number is 6.94% – close to the 7% that had already been predicted by the owners associations, so rents...
Registering Contracts With & Without NIF

Registering Contracts With & Without NIF

When an owner registers a rental contract with Finanças (which, as we’ve discussed previously on this page, can be from 1 day to 30 years in duration), what happens if the tenant doesn’t have a NIF? (NIF is the Portuguese term for the VAT or fiscal number)...