Other relevant news is the 5.51% increase in category rents
from the 1st of July, which will effect about 135,000 households across the country. According to the Rent Law Act, if inflation exceeds 5%, the Minister of Justice is obliged to declare an increase of rental payment amounts. This regulation applies to all lessees living in buildings governed by the Tenancy Act and to lease agreements initiated before the 1st of March 1994. The increase is therefore, mostly restricted to very old leases.