No, according to Decree No. (43) of 2013, a Rent increase is only permitted if the current rent is less than the average rental value. If the current rent is equal to or more than the average value specified in the RERA Rent Index, no increase is al…
No, according to Decree No. (43) of 2013, a Rent increase is only permitted if the current rent is less than the average rental value. If the current rent is equal to or more than the average value specified in the RERA Rent Index, no increase is allowed. This policy keeps rental prices stable and aligned with the actual market data, preventing landlords from pushing prices above the verified local averages during lease renewals.
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