Increasing Madrid Apartment Rent

Summary

To increase the rent of a Madrid apartment rented since June 2020, you must wait for the contract to end and inform the tenant 30 days in advance. The rent increase cannot exceed the accumulated IPC (Consumer Price Index) over the years. For the past four years, the IPC rates were 2%, 3%, 3%, and 3%. The new rent is calculated by applying these percentages to the original rent of 950€, resulting in an updated rent of 1,058.75€.