In the lease agreement, the rental fee may be determined as a monthly net amount, or the payment of the rent may be agreed in another way in which the rent is determinable. For example, the parties may stipulate in the lease agreement that the monthly rent is a certain percentage of the monthly turnover of the company. This is also called turnover rent.
In case of renewal of the lease agreement, the new rental price cannot be increased more than the Producer Price Index (PPI) rate of the previous year. This legal provision is mandatory and applies to lease agreements for more than one year. No provision contrary to this cannot be included in the contract. In the absence of a provision for rent increase in the contract, the judge cannot decide on an increase more than the PPI rate in the rent determination cases to be filed.
However, in the case of determination of the rental price to be opened for the new five-year period in lease agreements that have completed 5 years through renewal or lease agreements made for not less than 5 years, the judge determines the new rental price in accordance with the PPI increase rate as well as the new rental price in accordance with equity, taking into account the condition of the leased property and precedent rental prices.
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