The restriction on the increase in rent on all premises currently in force will be extended.
The Prices and Incomes Board said the restriction is a temporary measure to address the downturn in the economy.
The PIB confirms the rent increase restriction will remain in force between the 1st of July to the 31st of December this year however, the rental for all premises that are let out for the first time are not subject to the Order, instead any increase thereafter will be subject to the restriction.
Landlords are reminded by the Board that all letting agreements and receipts must be kept to the satisfaction of the Board as is customary and proper in these cases.
Rent Increase Restriction To Be Extended
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