The legislative setback of the Government in the vote in the Senate for the megadecree deregulating the economy of Javier Milei. Yes ok the DNU is still in forcewhat happened on Thursday set off alarms in the ruling party and its allies.
It happens that if the decree is rejected again in the other Chamber, it would be repealed. In that case, there would be a reversal of the numerous changes in legislation that are already operational. Among them, the one that had the most impact was the repeal of the Rental Law, which rolled back the legal framework for negotiation between the parties.
Read also: The Government accelerates meetings with deputies to guarantee support for the DNU and the Omnibus Law
Now, there is no longer a 3-year term for contracts or fixed increases by law. The unknown is what can happen in the real estate market if you go back again. The argument of the ruling party and its allies is that the supply of properties would fall, which – according to what they claim – had a rebound in recent months.
For this reason, the PRO presented this Friday a project so that maintain the repeal of the Rental Law in case the decree suffers a new legislative defeat. It is promoted by the president of the block in Deputies, Cristian Ritondowho already made similar presentations so that the labour reform that contains the aforementioned DNU.
Read also: Javier Milei questioned the May Pact and complained about the Senate’s rejection of the DNU
“The rental law that was repealed with the DNU did not give the expected results, but rather the situation worsened. As of this rule, housing rental contracts are once again governed by the Civil and Commercial Code with the particularity that now the parties are free to make agreements,” said Ritondo.
Along the same lines, the head of the PRO bench added: “We can’t go back. In these weeks of validity, the rental market was recovering, supply multiplied and prices dropped. “We cannot allow those who are against change to destroy it again.”
Likewise, Ritondo highlighted that “the elimination of the old rental law proved to be effective in multiplying supply, lowering prices and providing greater freedom and foresight to a market that was being destroyed. harming landlords and tenants alike”.
The bill has the support of deputies José Núñez, Alejandro Finocchiaro, Héctor Stefani, Sabrina Ajmechet, Martín Yeza, Daiana Fernández Molero, Florencia de Sensi, Ana Clara Romero, Silvana Giudici, Sergio Capozzi, Germana Figueroa Casas, Laura Rodríguez Machado, Sofía Brambilla, Verónica Razzini, Gerardo Milman, Martín Ardohain, Alejandro Bongiovanni, Karina Bachey, Marilú Quiroz and Patricia Vazquez, among others.
“It would not be beneficial to return to the old Rental Law, It hurt the market a lot«, he assured in dialogue with TN the auctioneer Vanesa Ibarra. And she added: “At the moment we have 12,000 properties on offer, when before we had 500″.
“Today the contracts are being signed under the Civil and Commercial Code. At the moment nothing changed with the vote in the Senate. If Deputies reject it, we will have to see if a new law is proposed or what happens,” Ibarra remarked. “I also don’t think the owners remove the properties of the market,” he said.
“We were settling in and this happened. The owner was willing to listen and lower his demands. The majority of tenants are salaried and have a payment limit,” said the auctioneer.