ISLAMABAD: The joint session of Parliament passed six bills related to Islamabad, including the Rent Restriction Amendment Bill.
Special Assistant to the Prime Minister (SAPM) on Capital Development Authority Affairs presented the Rent Restriction Bills.
“The amended laws require every agreement between a landlord and a tenant to be handed to the controller for record-keeping. Cross checks or an official receipt are required for all payments relating to the tenancy agreement. Unless the parties agree otherwise in writing, the rent of residential and non-residential buildings will automatically increase by 10 per cent each year. It also stated that there should be a mediation council for dispute resolution by the Islamabad Chamber of Commerce president or his nominee,” read the statement of the bill.
The bill safeguards the interests of both – tenants and landlord, told the SAPM.
Apart from this, the session approved the University of Islamabad Bill, 2020 and the Food Safety and Rent Restriction Bill.
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