NEW RENT AND LEASE LAW: Error found in spreadsheet, Ministry of Housing admits

NEW RENT AND LEASE LAW: Error found in spreadsheet, Ministry of Housing admits

The Ministry of Housing has made the subsequent announcement, preceded via way of means of 3 exclamation marks, on its internet site:

“!!! Due to an mistakess withinside the components figuring out the bargain to be taken into account, the spreadsheet has been up to date as of 21/11/2022. Calculations done previous to 21/11/2022 led to an overrated bargain for houses obtained among and 15 years after the yr of production of the belongings in question.”

After the click convention on 6 October, throughout which Minister for Housing Henri Kox offered the reform of the hire and hire law, a spreadsheet become uploaded at the internet site logement.lu, permitting customers to peer how hire is calculated with a fee cap of 3.five and 3%. On Tuesday, a new edition of this spreadsheet become uploaded after an mistakess become discovered.

According to the reform of the hire and hire law, withinside the future, each landlord need to use the spreadsheet to decide whether or not the hire they want to rate is much less than 3% or 3.five% of the invested capital.

It continues to be handiest a draft law, if this reform is adopted, the spreadsheet becomes an annex to the law.