NEWS

Residential Rent Freeze Continues

A rent freeze barring landlords from increasing residential and ground rent has been extended. This was confirmed by the Minister for Industry, Trade and Tourism Premila Kumar to the Fiji
27 Dec 2018 10:39
Residential Rent Freeze Continues
Premila Kumar.

A rent freeze barring landlords from increasing residential and ground rent has been extended.

This was confirmed by the Minister for Industry, Trade and Tourism Premila Kumar to the Fiji Sun yesterday.

She added that a media statement would be sent out later on further details.

The Fijian Competition and Consumer Commission (FCCC) with the approval of the Minister had made the order that it would come into force on January 1, 2019.

“Between the period of 1 January 2019 and 31 December 2019, a person must not charge rent in respect of the letting or continued letting of any premises under residential tenancy including ground rentals to which the Act applies which exceeds the rent applicable to those premises as at 31 December 2017,” a note from Ms Kumar states.

“Any person or class of persons (including the State) must keep to the satisfaction of the Fijian Competition and Consumer Commission such as letting agreements and receipts as are customary and proper in respect of the letting or continued letting of any premises under residential tenancy, including ground rentals to which the Act applies.”

Edited by Ranoba Baoa

Feedback: selita.bolanavanua@fijisun.com.fj



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