It was ultimately the Rental Market Committee, a joint committee, with representatives from the Tenants' Association and Sweden's public utility that decided on the rents for Uppsalahem's 30,000 tenants.

And after Monday's meeting, the news came – rents will be increased by 4.4 percent, which is significantly closer to the Tenants' Association's bid of 3.2 percent than Uppsalahem's claim of 9.65 percent.

Do not suffer from retroactive elevation

"4.4 percent is a lot, but based on the current situation, we are still grateful that the Rental Market Committee followed our line when it comes to the timing of the rent increase – that is, that the tenants are not affected by a retroactive increase as a result of the decision, and that we managed to reduce the claim by 54 percent," says negotiation leader Lena Jansson Nordin in a press release.

"The level now is something of a compromise, which unfortunately does not cover our future needs. We will need to review investments and the cost base in the future, says Mattias Tegefjord, CEO of Uppsalahem in a press release.

For a three-room apartment with a rent of SEK 7,500, the rent increase corresponds to an increased rent of SEK 330 a month.