On February 13, 2026, the Council of State temporarily suspended the decree establishing the minimum wage increase for that year. Days later, the National Government issued a new temporary decree confirming that the minimum wage for 2026 would remain at $1,750,905, representing a 23% increase, while a final decision was made.
Although this situation caused some confusion for a few days, the current rate remains the same.
If you live in a residential complex or rent an apartment or house, you're probably wondering how this will affect your homeowners' association fees and what decisions might be made at upcoming meetings.
Here's a clear and simple explanation.
Why is there talk of a 23% increase?
At the beginning of 2026, several buildings and residential complexes adjusted their administration fees based on the increase in the minimum wage (23.78%).
Unlike the rental fee —which is usually linked to the CPI— the administration fee does not depend directly on inflation, but rather on:
- The budget approved by the assembly.
- Projected expenses (security, cleaning, maintenance, services).
- What is established in the horizontal property regulations.
Therefore, many complexes applied the adjustment using the minimum wage increase as a reference.
What does this new ruling imply?
Following the court decision, the National Government issued a new decree and ratified that the minimum wage for 2026 remains unchanged, maintaining the previously established value.
In this context, co-ownerships have several management options:
- Review and, if necessary, adjust the annual budget.
- Maintain the already approved administration fee.
- Convene and adopt extraordinary adjustments if the financial situation requires it.
In any case, the decision must be made in accordance with the decisions of each co-owners' assembly, within the corresponding legal and budgetary framework.
How does this impact owners with rental properties?