Economy, Business And Markets

Rent Contract Bill to Help Tenants in Iran

Rent Contract Bill to Help Tenants
Rent Contract Bill to Help Tenants

Iran’s Ministry of Roads and Urban Development is pursuing a change in the way home rent contracts are devised to curb skyrocketing rents and provide a helping hand to frustrated tenants that have faced extra pressure this year.
According to the ministry’s deputy for housing and construction affairs, Hamed Mazaherian, recent developments in the housing market have changed the government’s priorities for the embattled sector that is now experiencing a short period of boom after five years of recession.
“One of the main priorities of the government in the housing sector is to support the rights of tenants. As we know, short-term contracts have proven harmful not just to the housing sector but to others as well, so we have proposed to increase the period of rent contracts to two years or more,” the official was quoted as saying by IRIB in a late-night television program.


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