Initiative launched against excessively high Swiss rents

The Swiss Tenants' Association has launched a popular initiative against excessively high rents. The initiative aims to enshrine the principle of cost rent and ban market elements from tenancy law. It also provides for automatic rent control. Check out our selection of newsletters. Subscribe here. In future, landlords should no longer be able to increase rents with reference to local or neighborhood custom, the association's president Michael Töngi told the Swiss News Agency Keystone-SDA. He confirmed information from the NZZ am Sonntag. The tenants' association adopted the initiative text. It was submitted to the Federal Chancellery for preliminary examination. + ‘Myth’ of spiking Swiss rents comes under scrutiny The initiative also provides for automatic and regular rent controls. If the initiative is implemented, the legislator would have to clarify by whom, when and how exactly. Tenants are often left to their own devices in the event of disputes, according to the tenants' ...