The Hyresgästföreningen (Tenant Association) is demanding 50 percent rent reductions for tenants of property company Titania in the Stockholm suburbs of Rågsved, Täby and Vallentuna, according to a report from SVT Stockholm. The association describes current rents as 'sky-high' and believes the rent tribunal will lower them, but the company's CEO has rejected the criticism.
The dispute reportedly involves eight apartments across the three locations. According to the tenant association, a three-room apartment of approximately 69 square meters costs around 19,000 SEK per month, and they are demanding a 50 percent reduction. If Titania does not lower the rents, the matter will be decided by the rent tribunal.
When rents skyrocket like this, we cannot stand by. We will use the tools we have to test these rents and protect our members' interests. A secure home is a right – not a luxury item.
Adam Hillawi, chief negotiator for Hyresgästföreningen in the Stockholm region, stated: 'When rents skyrocket like this, we cannot stand by. We will use the tools we have to test these rents and protect our members' interests. A secure home is a right – not a luxury item.'
Titania has reportedly not negotiated rents with the tenant association, instead reaching agreements with another party. The association questions the validity of this procedure and suggests it may be tested in court later.
the company has acted correctly and that the rents are reasonable.
Einar Jansson, CEO of Titania, later responded to the criticism, stating that the company has acted correctly and that the rents are reasonable.