Deputy Minister of Roads and Urban Development Mahmoud Mahmoudzadeh said 50% of tenancy agreements extended in the fourth month of the current fiscal year (June 21-July 21) were in conformity with the directive recently issued by the National Coronavirus Headquarters aimed at capping rent increases.
Reports indicate that lease extensions increased and the rate of home relocations declined during the month under review, he added.
The directive approved by the headquarters suspends a landlord’s ability to terminate a lease during the current health crisis, in addition to giving a three-month reprieve given by the Health Ministry.
Tenancy agreements signed as of June 29 may not increase rents by more than 25% in Tehran and 20% in other large cities, President Hassan Rouhani said on June 28.
July 21, 2020 19:02
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50% of Tenancy Deals Conform With Directive of Nat’l HQ
As per the directive recently issued by the National Coronavirus Headquarters, tenancy agreements signed as of June 29 may not increase rents by more than 25% in Tehran, 20% in major cities and 15% in other Iranian cities
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