The Housing Authority announced that there is no need to register a private residential leases, if the amount due in rent is reduced due to the coronavirus outbreak.
In a statement, the authority said that while one has to immediately notify the authority in case of a termination of lease agreement, this does not apply in cases where parties reach an agreement on the amount due during this exceptional period.
Many tenants have revealed on social media that their landlords have slashed their tenants’ rent amid the coronavirus crisis.
Landlords have approached the Housing Authority informing it that they would like to reduce the rent.
“Whenever the reduction in rent is related to the current situation, one is not required to notify the authority. Our aim as a regulator is to facilitate the relationship between the landlord and tenant,” Housing Authority CEO Leonid McKay said.
New contracts may be registered on the government website.
As from 1 January, new laws governing rent were introduced including the mandatory registration for all private rental properties as well as minimum and maximum rental periods for long lets and short lets.
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