Tehran: A 27% ceiling has been set for rent increases
[88501] Tehran: A 27% ceiling has been set for rent increases
The Tehran Real Estate Consultants Association has set a 27% ceiling on rent price increases and warned that tenants will be able to file lawsuits against landlords up to five years after the end of the contract.
Rent price limitation in Tehran
According to reports in Iranian media channels, آخرین خبر and تهران آنلاین ࡆ TehranOnline, the head of the Real Estate Consultants Association announced that a binding ceiling of 27% has been set for rent price increases in the city of Tehran. These sources, which are usually identified with the official establishment and report on government policy, state that the measure is intended to curb the local housing market.
In an additional report by ایکس فارسی ࡆ FarsiX, it was confirmed that the new mechanism has already been launched. According to FarsiX, "the first phase of inspection tours in real estate offices has begun" with the goal of enforcing the new guidelines in the field.
One of the most significant aspects of the decision is the legal protection provided to tenants. According to آخرین خبر, in the event that landlords exceed the permitted ceiling when renewing a contract, "tenants can file a complaint against the landlords with the competent authorities up to five years after the end of the contract."
Field checks conducted by the Real Estate Consultants Association show that as of now, many tenants are remaining in the properties where they resided last year, and landlords have chosen to extend existing contracts in accordance with the established limitations.