Domestic Economy
0

Exceptions to Mandatory Extension of Home Lease Deals Explained

Exceptions to Mandatory Extension of Home Lease Deals Explained
Exceptions to Mandatory Extension of Home Lease Deals Explained

Deputy Minister of Roads and Urban Development Parvaneh Aslani has clarified exceptions to mandatory extension of home lease agreements approved by the government during the Covid-19 pandemic. 
“The termination of tenancies can be enforced if the landlord has secured a demolition and construction permit for their property, or if the tenant has rent arrears from before the extension of the lease and has failed to pay the rent one month after the extension of the new lease agreement,” she said. 
“Landlords won’t be subject to mandatory extension if they prove that they need their properties for the use of their sons, or if the tenant does not agree with the government-mandated rent hike,” she was quoted as saying by IRNA.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com