Minister of Housing and Urban Development Athifa Shukoor, on Sunday, stated that the impending bill on rent regulation would not impose controls on rent rates.
Speaking at a press conference, Minister Athifa stated that the bill would manage the procedures related to renting out land, and protect the rights of both tenants and landowners.
According to the Housing Minister, the bill will be a tenancy act. The Minister also assured that the bill would deal with matters related to renting out land, but not rent prices.
The Tenancy Act will set requirements which leased properties must meet, basic facilities which must be available, and the term for which properties are leased. The bill will also deal with matters related to advance payments.
The Housing Minister highlighted issues such as lack of access in rented properties due to lack of elevators in buildings with multiple floors.
Athifa stated that such matters would also be included in the Tenancy Act.
Despite several complaints about high rent prices incapital Male’, there are no rent control bills in place.
Former Representative of Kulhudhufushi South, Haa Dhaalu Atoll Mohamed Nasheed in 2014 submitted a bill to the parliament regarding rent. However, the bill only sought to protect the rights of both landlords and tenants.
The bill was subsequently thrown out of parliament.