New details of the Ministry of Roads and Urban Development package for tenants

According to Tejarat News, the details of the new support packageTenants What is?

The new package of the Ministry of Roads and Urban Development has been presented in five areas to help the renters, which includes determining the ceiling for rental contracts, making the payment of housing deposit assistance permanent, facilitating bank collateral for rental loans, giving priority to the first to third deciles in paying the loan deposit and providing incentives. Facilitation and tax for landlords who comply with government approvals form the axes of this package.

Quoted from ISNAAs usual in the past years, the rental market has become inflamed after entering the peak of displacement. In June this year, the annual rent growth rate in Tehran was 46% and in the whole country was 51%.

The situation is such that rent accounts for a high share of household expenses and has created many problems for the lower and middle deciles. According to the statistics of May this year, the average rent per square meter of a residential unit in Tehran is 126,900 tomans.

The government is trying to organize the housing and rental market. In this context, a package entitled “Suggested package for organizing the housing market and rent” has been designed with five axes.

These include setting the ceiling for rental contracts, making the payment of housing deposit assistance permanent every year, facilitating bank documents for rental loans, giving priority to the first to third decimals in the payment of deposit loans, and providing facilitation and tax incentives to landlords who comply with the government’s approvals. Is.

Statistics say that the actions of the last two years could not lead to the organization of the rental market as it should. These programs included two items, one of which was instructional and the other was facilitation.

The government prohibited the conclusion of rent extension contracts with an increase of more than 25%. On the other hand, he approved the payment of housing deposit assistance loan, which, of course, due to its low figure, is very small Tenants Receipt.

Both proposals were proposed to the government by the Ministry of Roads and Urban Development.

The government gradually decided to correct the defects of its incentive packages. This year, the government and parliament put similar programs on the agenda to reduce the inflammation of the rental market. The government approved its proposed package in this regard at the meeting of the heads of state.

The parliament also put the professional rental plan on the agenda and referred it to the civil engineering commission for further investigation. The construction of rental units with the cooperation of municipalities and the private sector is one of the most important axes of this plan.

In recent days, the Ministry of Roads and Urban Development unveiled a package for the second time this year, the details of which were explained by the Director General of the Housing Economics Office of the Ministry of Roads and Urban Development.

As stated by Parvaneh Aslani, the first part is about the payment of housing deposit assistance facilities, which every year, with the announcement of the Ministry of Roads and Urban Development, the Central Bank is obliged to take action and provide conditions for the granting of housing deposit assistance facilities, so that applicants can depend on their desire. request monthly payment of principal and interest or pay only the interest.

The Director General of the Housing Economics Office of the Ministry of Roads and Urban Development added: In the second case, the principal repayment of the deposit must be made at the end of the year, and the applicant borrows the deposit from the banking system for a period of one year and returns the loan at the end of the year and pays only the interest.

Aslani listed collateral facilitation as one of the clauses of this resolution and said: the central bank is obliged to take steps to facilitate the collateral that it receives from people due to loans and deposits, and it was emphasized that if the equity card or the subsidy card of individuals for The applicant’s installments are sufficient, it is forbidden to take other collateral such as promissory notes, checks, etc.

Prioritizing the introduction of applicants in order to obtain a loan and deposit

He called the third part of the resolution “Proposed package for organizing the housing market and rent” as a priority for the introduction of applicants to obtain a deposit loan and stated: the Ministry of Roads and Urban Development has decided based on indicators such as the number of family members, young couples, people covered by institutions To introduce support and one to three income tithes to the banking system through the system of support plans.

The Director General of the Housing Economics Office of the Ministry of Roads and Urban Development added: As another focus of this proposed package, we can mention the incentive package for landlords in line with the rules. These laws are in the field of determining the ceiling for rent, and today the issue of setting a ceiling of 25% for the capital and 20% for other cities is discussed, which was approved by the heads of the three powers.

Aslani emphasized: If the landlords comply with this order or enter into long-term rental contracts that are more than two years, an incentive package will be considered for them.

Stating that this incentive package is the payment of bank facilities for landlords, he said: The mentioned package will include housing improvement facilities or incentives such as discounts and tax exemptions, which the Ministry of Roads and Urban Development, in cooperation with the Ministry of Economy and the Central Bank, is obliged to compile and implement. This is an incentive package.

The transaction value of real estate, the basis for calculating the commission fee of real estate consultants

The Director General of the Housing Economics Office of the Ministry of Roads and Urban Development called the discussion of the organization of the commission fee of real estate consultants another axis and said: This is very important, because it is stipulated that the basis for calculating the commission fee of real estate consultants is not to consider the prices of the day traded, but the basis of the right Commission regarding buying and selling, the transaction value of real estate is the subject of Article 64 of the Direct Taxes Law, which will be determined by the real estate calendar commission every year.

Aslani emphasized: This is also based on rental properties and the right of the commission is determined based on the rental value of the properties subject to Article 54 of the Direct Taxes Law, which is determined every year by the above-mentioned commission and is the criterion for action.

He added: In the real estate calendar, the rental and transaction value is based on the zoning that has been determined by the Tax Affairs Organization, and there will be 22 different districts in Tehran, and the transaction and rental values ​​of houses in the same area will not differ from each other.

Inflation and bank interest affect the rental market

According to this report, in previous years it was said that the rent in some cases accounts for up to 80% of household expenses in Tehran. Currently, some experts say that this figure has reached 100%. It means that all the income of a family is allocated to rent.

External and internal variables such as inflation rate, inflation expectations, liquidity growth, interest rate of bank facilities and the amount of construction affect the housing market and affect the rent as a function of the housing market. In this situation, many Tenants They have faced many problems.

Selling cars and even house furniture in order to provide a deposit and moving floors is one of the consequences of the price growth in the rental market, which has caused problems for renters in recent years, especially since 2018.