The Central Bank was obliged to pay housing deposit assistance facilities – Mehr news agency Iran and world’s news

According to Mehr reporter, in the public meeting today (Tuesday, June 9th) of the Islamic Council, the representatives approved Article 10 of the plan to control and organize the rent of residential properties.

Article 10 – Note 11 of Article 53 of the Direct Taxes Law is amended as follows:

Note 11- The following items are subject to a discount in the payment of rental income tax:

A) Income from rent for the head of the household up to the amount of income tax exemption subject to Article 84 of the Law on Direct Taxes and income from rent for landlords who are tenants in another residential unit at the same time will be subject to a 100% discount.

b) In case of concluding a long-term residential unit rental contract and not terminating the contract during the period, the rental income is subject to a 70% discount for a two-year contract and a 100% discount for a contract of 3 years or more.

c) In case of renting a residential unit to a household with 3 or more children, the household covered by the Imam Khomeini Relief Committee, the welfare organization or the lower 3 deciles of income based on the approval of the Ministry of Cooperation, Labor and Social Welfare, will be subject to a 100% discount.

d) The units whose rent is at least 15% lower than the regional rental value under Article 9 of this law will enjoy a 50% tax discount on rental income. The executive regulations of this component are compiled by the Ministry of Roads and Urban Development and are approved by the Council of Ministers.

e) Rental units in areas that have a shortage of rental housing based on the announcement of the Ministry of Roads and Urban Development are exempt from rental income tax for 5 years after the aforementioned announcement.

According to Article 11 of this plan, the central bank is obliged, if approved by the Supreme Council of Housing, to pay deposit assistance facilities to vulnerable population groups in the housing sector through the operating banks based on the priority set within a month by the joint proposal of the Ministry of Roads. and Urban Development and the Ministry of Cooperation, Labor and Social Welfare get the approval of the Supreme Housing Council, take action.

The individual ceiling of facilities in the first year of implementation of the law for different cities based on the approval of the Money and Credit Council, which in the first year was set at 2 billion Rials for Tehran, 1.5 billion Rials for provincial centers, 1 billion Rials for other cities, and 400 million Rials for villages. It is possible that in the following years, it will increase according to the point by point inflation announced by the central bank. The facilities paid by the operating banks are considered as obligations under Article 4 of the Law on the Growth of Housing Production. The

Article 12- The country’s real estate and documents registration organization is obliged, in cooperation with the Ministry of Roads and Urban Development, the Ministry of Industry, Mines and Trade, the Vice President for Science and Technology, and the Association of Notaries and Assistant Clerks, to draft regulations on the licensing, operation and supervision of platforms. To prepare the official registration of documents with the priority of real estate transactions within three months after the entry into force of this law and submit it to the head of the judiciary for approval. Platforms are only able to register similar contracts that have been approved by the country’s real estate registration organization.

Note 1- In the above-mentioned regulation, the cooperation of the platforms and notary offices, the tasks and tasks of the platforms and the conditions related to the inquiries and registration of documents, the way of authentication and the will of the parties to the contract by the platforms, the way of confirming the identical contractual texts used by the platforms, the way Absentee registration of contracts by parties, how to evaluate lessors and tenants and other parties from each other by platforms, how to report the history of the parties to the other party by platforms, the way and quality of recording and keeping images of transaction formalities and how to send transaction information to the Ministry of Roads and Urban Development and The tax affairs organization should be determined.

Note 2- The central bank, in cooperation with the country’s land and real estate registration organization and the Ministry of Roads and Urban Development, within one month after the entry into force of this law, is obliged to provide the possibility of online and instant payment of amounts and prices related to contracts. to provide The payments made through the above-mentioned means should only be from the source of the committed account and to the destination of the committed account, and also provide the services of the escrow account for these transactions.

Note 3- In case of drawing up a formal contract and there is a termination clause in the lease contracts without obtaining goodwill included in the second chapter of the Landlord and Tenant Relations Law and the agreement of the parties to pay funds only from the verifiable payment mechanisms subject to Note 2 of this article, with the non-payment of any From the rent amounts or non-payment of all or part of the amounts under the title of deposit and good loan within the stipulated deadline and notice of termination of the contract by the lessor and non-payment of the amount by the tenant until the notice of termination, after automatic deduction of contractual deductions, including rent amounts Unpaid and contractual obligation by the system and online deposit of the remaining amount of the deposit and good faith loan by the lessor, validity of termination based on the contract and records of payment of amounts through the payment mechanism of note two of this article, reviewed by a competent legal court in absentia If possible, the court will act on the enforcement or rejection of the termination within two weeks at most. If the termination is approved by the court, the eviction of the tenant will be carried out in accordance with Article 3 of the Law on Landlord-Tenant Relations without the need for the contract to expire. Announcing the termination by the lessor and verifying its authenticity by the court without the need to submit a petition and by paying online the non-financial litigation fee is paid through the platform.

Note 4- If the lessor’s demand from the lessee due to unpaid rent exceeds the amount of the deposit, the country’s real estate registration organization is obliged to issue a certificate of non-payment for the excess and submit it to the lessor. This certificate is valid as a document.

Note 5- In case of expiry of the lease term and non-renewal of the contract, the contractual obligation is calculated from the date of depositing the deposit amount to the intermediate account and notifying the tenant. The criterion for eviction of the unit by the tenant is the online confirmation of the level by the lessor in the system or the online confirmation of the issue by the enforcement unit or registration.

Note 6- The platforms (platforms) subject to this article are obliged to calculate the performance indicators of the degree of fulfillment of the promises of the parties (lessor and lessee) based on the information registered in the electronic document system and inform the parties of the result during the transaction. The platforms are obliged to provide the infrastructure to reflect this information in the credit rating of individuals in cooperation with the Central Bank.

Note 7- The record of satisfaction of the parties to each other based on the scoring of the parties to each other should be recorded in the country’s real estate transaction registration system and visible to the parties of future transactions.

Article 13- The Central Insurance Company is required to prepare the regulations governing the optional provision of “property during rental” insurance within 6 months after the entry into force of this law and notify the insurance companies for action.