Rent Update Coefficient And Extraordinary Lease Suppor

RENT UPDATE COEFFICIENT FOR 2023

Law no. 19/2022 was published in Diário da República (Official Journal) on 21 October 2022 and, among other measures, it establishes the rent update coefficient for the calendar year of 2023.

During the next year, the annual update coefficient for rents of the several types of leases, both urban and rural, established in article 24 of Law no. 6/2006 of 27 February, which approved the New Urban Lease Regime (NRAU), will not apply. Conversely, the coefficient of 1.02 (2%) will apply, unless otherwise stipulated by the parties.

This coefficient of 1.02 is also applicable to agreements that establish updates pursuant to the legal coefficient set out in NRAU or in the respective order published in Diário da República.