Good morning everyone.
I am fairly new in Germany. I found an apartment which I liked and was given a contract to sign. I found this condition on the contract (Highlighted in the picture)
Translates to something in the lines of “The base rent increases or decreases, after each year has elapsed, in the same percentage ratio as the VPI has changed compared to the last rental agreement or rent adjustment; after the VPI has risen or fallen by more than five percent, by the same percentage.”
I do not understand what this means. Could someone who has encountered a similar clause help me explain what this means? And, if this is something that is commonly found in rental contracts in Germany?
Much thanks in advance. 🤗
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Tasty-Entertainer586