Rentals during Hyperinflation Periods ?

[Rich One]

Perhaps old-timers or natives can shed some light on how apartment rentals where handled during hyperinflation periods of inflation above 100 % per month. Duration of contracts ? Adjustment periods ? etc

 

[Rich One]

Some further information..

Inquilinos que renuevan: los motivos por los que el alquiler puede aumentar hasta 5 veces de un tirón

Los contratos que se firmaron en 2020 y ahora llegaron a su fin se publican en el mercado por el quíntuple del valor que cobraban hasta hace poco; las razones

www.lanacion.com.ar

“During Alfonsín's hyperinflation there were rental increases of 200% per month, the contracts were updated monthly due to inflation and the market did not shrink like now.

 

[antipodean]

Was talking with a property owner who was renting apartments during this time and he told me prices were paid based on the rate of that instant as they were literally changing by the minute or hour. He never left home without his calculator. As soon as he was paid, he’d run as fast as he could to change them for dollars.

These days and thanks to the DNU allowing cancelation of payment obligations in whatever currency, if it got that bad, he would just say pay me in green-backs and be done with it.
Let the tenant deal with going to the cueva or doing a MEP transaction and getting the cash out from the bank teller window.