Limitation for Raise Rents; Maximum 25%
Minister of Justice Bozdag spoke about the lease arrangement. Bozdag announced that the increase in lease agreements to be renewed until July 1, 2023 will not exceed 25 percent of the previous year.
The study on the rental arrangement, which is eagerly awaited by millions, has come to an end.
Minister of Justice Bekir Bozdag announced the limit of increase in rents.
THE INCREASE WILL NOT EXCEED 25 PERCENT
Speaking at the “Reconciliation Award Ceremony and Symposium” held in Ankara, Bozdag said that the increase in lease agreements to be renewed until 1 July 2023 will not exceed 25 percent of the previous year. Increases above this will not be valid.
HOW LONG WILL THE REGULATION BE?
The temporary regulation to be made in the Code of Obligations will cover a period of 1 year.
Minister Bozdag said, “In this arrangement, we have taken care that both of them stand at a point with a certain sacrifice without harming the law of the tenant and the owner. I hope it will meet the expectations.”
FOUR MINISTRIES ARE WORKING
The work carried out jointly by Vice President Fuat Oktay, Minister of Environment, Urbanization and Climate Change Murat Kurum, Minister of Treasury and Finance Nureddin Nebati, Minister of Trade Mehmet Mus and Minister of Justice Bekir Bozdag is expected to be completed in a short time and announced to the public.
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