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  #361  
Old 19.03.2020, 10:25
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Re: @jot timeline for rent reduction request- interest rate drops

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Hi all
I have read jot's post but I struggle to understand the date in below sentence (I am not native English speaker):

If you want to request a rent reduction according to the interest rate drop, you have to do this in writing and abide by the official notice periods as stated in your rental contract - the reduction can only take effect from that date (i.e. if your next official notice date (Kündigungstermin) is 1st October, with a 3 month notice period, you have to send the letter by recorded delivery (Eingeschrieben) by the end of this month for the reduction to take effect from 1st October).

my contract extract in Geneva:
duration of the contrcat: a year
start:1st May 2017
End:30 April 2018
notice period: at least 3 months before contract expiry/ends
Renewal: each 12 months, cf. article 13 of general conditions and rules(2010 edition)

I have sent my request by Email, (scanned letter attached) a week ago and received an electronical receipt containing my message,

so from which date the regie will decrease my rent in my case? (if they accept)
Today I received a reply and they tell me that the reduction could only be discussed from 30 April 2021, anyone knows the answer of my previous question? (just the post above this one). Thanks
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  #362  
Old 19.03.2020, 10:33
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Re: @jot timeline for rent reduction request- interest rate drops

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Today I received a reply and they tell me that the reduction could only be discussed from 30 April 2021, anyone knows the answer of my previous question? (just the post above this one). Thanks
The lower rent can only be demanded per the first date that you could cancel the rent.

Two things in your contract.

Yearly contract: Enddate every year 30th of April.
Cancellation period: 3 Months.

So your first possible date to end the rent would be 30th of April next year.

Conclusion: Rent reduction starts at 30th of April 2021

(Do follow it, the percentage might change again during this year)
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  #363  
Old 19.03.2020, 10:59
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Re: @jot timeline for rent reduction request- interest rate drops

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The lower rent can only be demanded per the first date that you could cancel the rent.

Two things in your contract.

Yearly contract: Enddate every year 30th of April.
Cancellation period: 3 Months.

So your first possible date to end the rent would be 30th of April next year.

Conclusion: Rent reduction starts at 30th of April 2021

(Do follow it, the percentage might change again during this year)
Thanks a lot Dutch Edwin
I know that if I find a tenant to replace me with solid file, I can give one month notice and they will let me go. Despite this I can't benefit rent reduction before April 2021? Apologies if I am mixing things here...
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  #364  
Old 19.03.2020, 11:08
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Re: @jot timeline for rent reduction request- interest rate drops

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Thanks a lot Dutch Edwin
I know that if I find a tenant to replace me with solid file, I can give one month notice and they will let me go. Despite this I can't benefit rent reduction before April 2021? Apologies if I am mixing things here...
If you find somebody to take over the rent there are two options:

1: They take over all the terms and conditions of your contract and they can lower the rent per 30th of April 2021

2: Everybody is fine with the new tenant getting a new contract with the rates changes.

For you it makes zero difference.
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  #365  
Old 19.03.2020, 11:22
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Re: @jot timeline for rent reduction request- interest rate drops

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If you find somebody to take over the rent there are two options:

1: They take over all the terms and conditions of your contract and they can lower the rent per 30th of April 2021

2: Everybody is fine with the new tenant getting a new contract with the rates changes.

For you it makes zero difference.
Thanks, Forum Legend. it's clear now
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  #366  
Old 10.04.2020, 23:29
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Re: interest rate reduction = possible rent reduction [Referenzzinssatz]

Hoi

Regie says that they cannot presently accept my request cuz the next relevant contract termination date is 1-Oct-20 and they anticipate interest rate to rise again next time due to the current shit storm. They invite me to submit a new request once the next interest rate is known in June.

Have you encountered that before?

While I understand their logic, to me that's not entirely the same: if the interest rate do indeed rise in June, then fine, they don't have to do anything. On the other hand, if it remains at 1.25%, I have already submitted my request early March for the next relevant contract termination date through registered mail and by virtue of that they should be forced to comply without me having to submit a new request. What I am trying to say I guess is that my initial request was legitimate and they have to take position now and yes maybe put it in the fridge until further notice. But they can't just say (even if they have reasons to believe) that it's not relevant at this point of time and ask me to submit a new one later on.

I am past the 30 days response period for the regie but still within my 30 days appeal period. What would you say?
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  #367  
Old 10.04.2020, 23:36
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Re: interest rate reduction = possible rent reduction [Referenzzinssatz]

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Hoi

Regie says that they cannot presently accept my request cuz the next relevant contract termination date is 1-Oct-20 and they anticipate interest rate to rise again next time due to the current shit storm. They invite me to submit a new request once the next interest rate is known in June.

Have you encountered that before?

While I understand their logic, to me that's not entirely the same: if the interest rate do indeed rise in June, then fine, they don't have to do anything. On the other hand, if it remains at 1.25%, I have already submitted my request early March for the next relevant contract termination date through registered mail and by virtue of that they should be forced to comply without me having to submit a new request. What I am trying to say I guess is that my initial request was legitimate and they have to take position now and yes maybe put it in the fridge until further notice. But they can't just say (even if they have reasons to believe) that it's not relevant at this point of time and ask me to submit a new one later on.

I am past the 30 days response period for the regie but still within my 30 days appeal period. What would you say?
You can go through the hassle with them, or send them another letter in June with the actual new rate. I'd go for the 2nd option since it is likely the least amount of work.
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  #368  
Old 11.04.2020, 00:03
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Re: interest rate reduction = possible rent reduction [Referenzzinssatz]

Yeah I get that but they are basically disregarding the whole legal thing. Let's say I am late in sending my second request or even completely forget about it, what happens then? Will they still be that conciliant? You see my point.

Not mentioning the 6.80 Fr a registered letter costs.

The law is clear, once they receive a request, they have 30 days to say "yes or no (or say nothing which is the same) not "come back later"

I mean it's becoming so ing lame that they always try to drain the little guy out knowing perfectly that he has the best guns but simply can't use them. What are basically my options to protect my rights? Pay more in lawyers and translators than 10 years worth of rent reduction just to prove my point?
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  #369  
Old 22.05.2020, 03:15
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Referenzzinssatz and rent reduction process

Hello Good Morning
I was informed that Referenzzinssatz is reduced to 1.25% and I checked my wohnung contract there its mentioned 1.5%. Now I want to know followings:

1. I am paying 1800 Chf/month with four family members and my wife is also housefrau.Is it also possible to get monthly rent reduction?
2. Is there also any deadline for application? Do we have any sample letter to apply for.it?
3. Application approval or rejection chances?

Thanks alot for sharing your knowledge.

Best Regards
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  #370  
Old 22.05.2020, 09:04
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Re: Referenzzinssatz and rent reduction process

1) yes
2) yes, same as your cancellation deadline
3) check your contract. If the reference rate is higher in your contract, you should get a reduction
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  #371  
Old 22.05.2020, 09:10
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Re: Referenzzinssatz and rent reduction process

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Hello Good Morning
I was informed that Referenzzinssatz is reduced to 1.25% and I checked my wohnung contract there its mentioned 1.5%. Now I want to know followings:

1. I am paying 1800 Chf/month with four family members and my wife is also housefrau.Is it also possible to get monthly rent reduction?
2. Is there also any deadline for application? Do we have any sample letter to apply for.it?
3. Application approval or rejection chances?

Thanks alot for sharing your knowledge.

Best Regards
1. Possibly yes. (See answer 3)
2. No. But the change will occur on the first possible cancellation date.
3. There is no approval or rejection, it is mandatory. Mind however that some landlords/agency's can come up with reasons to let the rent go up again if contract and circumstances like higher value of object allow for such.

Sample letter:

https://www.newhome.ch/blog/de/miete...ktion-vorlage/
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  #372  
Old 22.05.2020, 10:10
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Re: Referenzzinssatz and rent reduction process

Thanks for your input. what does first cancelation date means?
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  #373  
Old 22.05.2020, 10:13
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Re: Referenzzinssatz and rent reduction process

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Thanks for your input. what does first cancelation date means?
The first allowed day according to your contract that you can return your home to the landlord/agency again (As in cancelling the rent)
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  #374  
Old 22.05.2020, 10:36
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Re: Referenzzinssatz and rent reduction process

I recently checked with my landlord as mine reduced from 1.5% to 1.25%.
I was informed to request the same by Post Mail that needs to be done 3 months before the cancellation date.
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  #375  
Old 22.05.2020, 10:53
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Re: Referenzzinssatz and rent reduction process

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Hello Good Morning
I was informed that Referenzzinssatz is reduced to 1.25% and I checked my wohnung contract there its mentioned 1.5%. Now I want to know followings:

1. I am paying 1800 Chf/month with four family members and my wife is also housefrau.Is it also possible to get monthly rent reduction?
2. Is there also any deadline for application? Do we have any sample letter to apply for.it?
3. Application approval or rejection chances?

Thanks alot for sharing your knowledge.

Best Regards
There are already large threads with the information on this topic in them. Do a forum search.
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  #376  
Old 22.05.2020, 11:20
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Re: Referenzzinssatz and rent reduction process

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I recently checked with my landlord as mine reduced from 1.5% to 1.25%.
I was informed to request the same by Post Mail that needs to be done 3 months before the cancellation date.
Send the letter before the end of this month as otherwise you might lose a whole month. They will apply the reduction as of the 'Kündigungstermin' which is usually 3 months.

You can download a sample letter here:

https://assets01.sdd1.ch/assets/lbwp...reduktion.docx

You will get a reduction of around 53 CHF per month.
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  #377  
Old 22.05.2020, 11:23
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Re: Referenzzinssatz and rent reduction process

Thank you so very much.
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  #378  
Old 22.05.2020, 14:21
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Re: Referenzzinssatz and rent reduction process

Worthless to do it now as the next publication date is 2 June 2020 and it's possible that the rate will go back up to its previous level (1.5%) due to the current circumstances.
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  #379  
Old 22.05.2020, 14:56
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Re: Referenzzinssatz and rent reduction process

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Send the letter before the end of this month as otherwise you might lose a whole month. They will apply the reduction as of the 'Kündigungstermin' which is usually 3 months.

You can download a sample letter here:

https://assets01.sdd1.ch/assets/lbwp...reduktion.docx

You will get a reduction of around 53 CHF per month.
You will lose possibly 3 months or 6 months, depending when the next cancellation period is, not just 1 month.
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  #380  
Old 19.10.2020, 20:04
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Retrospective rent reduction due to decreased reference interest rate

Based on a decreased reference interest rate, is it possible to ask for a retrospective rent reduction for the previous 4 years, and have the difference deducted from the current rent? or the right to ask for a reduction expires at a certain moment?


Thanks
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