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Old 02.03.2020, 09:35
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Reference Interest Rate down to 1.25%

https://www.bwo.admin.ch/bwo/de/home...zzinssatz.html

As of tomorrow (03.03.2020) the mortgage reference interest rate will go down to 1.25% meaning a lot of people are entitled to a lower rent.
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Old 02.03.2020, 10:16
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Re: Reference Interest Rate down to 1.25%

I'm certain ASLOCA (and the equivalent organisations) will have all the information.
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Old 02.03.2020, 10:22
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Re: Reference Interest Rate down to 1.25%

Quote:
https://www.bwo.admin.ch/bwo/de/home...zzinssatz.html

As of tomorrow (03.03.2020) the mortgage reference interest rate will go down to 1.25% meaning a lot of people are entitled to a lower rent.
Woopwoop, it's amazing how my rent will have gone down 150chf per month since I moved in. Maybe it's finally time to splurge on a parking space within actual walking distance of my house.
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Old 02.03.2020, 10:26
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Re: Reference Interest Rate down to 1.25%

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I'm certain ASLOCA (and the equivalent organisations) will have all the information.

Luckily my landlord takes care of this and "automatically" adapts the rent, very nice.
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Old 02.03.2020, 11:30
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Re: Reference Interest Rate down to 1.25%

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Luckily my landlord takes care of this and "automatically" adapts the rent, very nice.
So does mine. Normally. So last time I told my neighbour not to bother, it will come automatically. It didn't.
After extreme terror by our horror-neighbour she then decided to at least get the rent down and calculated ...... a drop of Fr. 3.11.
Nope, we did not bother to claim it.

So I don't really expect a life-changing drop of rent this time either.
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Old 02.03.2020, 13:06
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Re: Reference Interest Rate down to 1.25%

While the reference rate may have been reduced, the landlord is not obliged to reduce rents until his or her mortgage is reduced. That could be a very long time.
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Old 02.03.2020, 13:33
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Re: Reference Interest Rate down to 1.25%

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While the reference rate may have been reduced, the landlord is not obliged to reduce rents until his or her mortgage is reduced. That could be a very long time.
Source?
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Old 02.03.2020, 13:37
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Re: Reference Interest Rate down to 1.25%

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While the reference rate may have been reduced, the landlord is not obliged to reduce rents until his or her mortgage is reduced. That could be a very long time.
I would love to see the law/rule for this.
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Old 02.03.2020, 13:51
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Re: Reference Interest Rate down to 1.25%

I was told this by my lawyer when I was a landlord. I had 8 years left on my 10 year mortgage when the reference rate was lowered.

My tenant did ask and I gave him a copy of what the lawyer told me. I didnít hear anything more after that.
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Old 02.03.2020, 14:00
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Re: Reference Interest Rate down to 1.25%

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I was told this by my lawyer when I was a landlord. I had 8 years left on my 10 year mortgage when the reference rate was lowered.

My tenant did ask and I gave him a copy of what the lawyer told me. I didnít hear anything more after that.
You were lucky with a tenant who bought what the lawyer said, it is however incorrect.
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Old 02.03.2020, 17:25
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Re: Reference Interest Rate down to 1.25%

Will that means that the people who are who are home owners and adding Eigenmietwert in their tax declarations are entitled for a reduced Eigenmietwert?
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Old 12.03.2020, 20:52
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Re: Reference Interest Rate down to 1.25%

Mieterverband calculates for you if you wish to know could you get lower rent. You have to send request by 15.3.2020.

https://www.mieterverband.ch/mv-zh/n...mietcheck.html
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Old 12.03.2020, 21:02
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Re: Reference Interest Rate down to 1.25%

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Mieterverband calculates for you if you wish to know could you get lower rent. You have to send request by 15.3.2020.

https://www.mieterverband.ch/mv-zh/n...mietcheck.html
Date of sending request is personal we do not all have the same cancellation period or allowed end dates. Also one can be lazy and just do it in some months would just take more time for the rent to be lowered.
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Old 23.03.2020, 09:26
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Re: Reference Interest Rate down to 1.25%

Shame the reduction only takes effect after the next termination date, which in my case is in October (just moved in and have a minimum contract duration of 12 months). By then, it is more likely the interest is back up again.
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Old 23.03.2020, 10:06
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Re: Reference Interest Rate down to 1.25%

I find it amazing that in these times letting agencies are still insisting that a registered letter has to be sent per post to request the reduction. As far as I am aware from my own business dealings, regardless of what the letting agencies say, an email containing a scanned and signed document that has been received, read and responded to still constitutes a legally valid document and it appears letting agencies are still insisting on going out to buy some envelopes or to go to the post office and expose yourself in order to be more "formal" with the request. Seems highly unnecessary.
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Old 23.03.2020, 11:47
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Re: Reference Interest Rate down to 1.25%

I know we may be the exception, but we have always believed in making life as simple as possible for us and our tenants. Inevitably we are not home when the registered letter arrives which means a trek by me to the post office. We've always been happy, and now state it in our contract, that termination can be made by simple phone call followed by a (normal post) letter or email, just to avoid any misunderstanding.
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Old 23.03.2020, 12:34
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Re: Reference Interest Rate down to 1.25%

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I find it amazing that in these times letting agencies are still insisting that a registered letter has to be sent per post to request the reduction. As far as I am aware from my own business dealings, regardless of what the letting agencies say, an email containing a scanned and signed document that has been received, read and responded to still constitutes a legally valid document and it appears letting agencies are still insisting on going out to buy some envelopes or to go to the post office and expose yourself in order to be more "formal" with the request. Seems highly unnecessary.
Ok, well I decided to apply a bit of pressure and replied to the email from my agency saying that a document sent by email with my instructions and signature on it that has been replied to is still a legal document, and that due to the Coronavirus situation I am not going to go out and buy envelopes just to satisfy an unnecessary formality. They replied and seem to have relented and accepted it now and I will let you know if that somehow changes.
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