Infotech Rent control: on April 1, the display of the mandatory maximum amount on real estate advertisements

Rent control: on April 1, the display of the mandatory maximum amount on real estate advertisements

The display of the maximum rent allowed by the rent control will be compulsory from 1er April, in the municipalities that apply it, on the announcements of real estate professionals, according to a decree from the Ministry of the Economy published this Friday, February 4.

In Paris, 35% of rental ads exceed the legal ceiling

“For properties located in areas subject to rent control, this text provides that professionals must now provide essential financial information in real estate advertisements to inform consumers in their choice of rental”the ministry said in a statement.

The sequel after the ad

Obligation for private advertisements

This information is the reference rent, fixed by decree according to the characteristics of the property (district, date of construction, furnished or unfurnished); this rent increased by 20%, i.e. the limit authorized by the rent control; and, if necessary, the additional rent, which makes it possible to exceed the limit if the property has certain characteristics of location or comfort.

Julien Denormandie on rent control: “If it works, we will go further”

The obligation “will also soon be extended to ads posted by individuals”underlines the Minister of Housing, Emmanuelle Wargon, quoted in the press release.

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Agents, representatives, etc., who must now display the tariff of their fees, will now have to specify that it is a tariff “maximum”in order to open up the possibility for clients to trade it lower.

The rent control applies in Paris, Lille, Lyon, Villeurbanne and in 18 municipalities of Seine-Saint-Denis. Bordeaux and Montpellier are to be added in 2022.

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