Contracts are readjusted by the IGP-M, an inflation index measured by the Getúlio Vargas Foundation (FGV), which increased by 2.5% in February, adding an increase of almost 29% in the last twelve months.
The parents of human resources executive Adriana Zanni live in a rented apartment in Moema, in the South Zone of the city of São Paulo. When the time came to readjust the value of rent, the family got scared. “We were very concerned, because the value was very high,” he says. Rental contracts are generally readjusted once a year by the IGP-M, index of inflation measured by the Getúlio Vargas Foundation (FGV). In February, the indicator rose 2.5%, adding an increase of almost 29% in the last twelve months. The result is well above the HICP, inflation measured by the IBGE, which closed 2020 at 4.5%. This difference happened because the IGP-M is more immediately impacted by the dollar and the prices of commodities, such as soybeans.
The executive director of Rede Lopes, Matheus de Souza Fabrício, however, says that there is space for tenants and owners to negotiate. “It is an atypical moment and, therefore, worth trying to reach an agreement, an intermediate thing that makes sense for both parties. We have seen that most cases have been happy in this regard, ”he said. Adriana Zanni’s family was one of those who managed to negotiate the rent. “We managed to reach an adjustment amount that accompanied the retirement amount. I think negotiation is like that, win win for both sides. This is what happened in our case, ”he said. It is important for homeowners and tenants to assess whether it is worth failing to charge or pay for the adjustment based on the IGP-M in the midst of the crisis caused by the pandemic do coronavirus.
* With information from reporter Nicole Fusco