According to the new rent laws enacted in 2010, the ministry responsible for accommodation was, in January 2014, due to issue regulations proposing a property market value index so that lessors will be able to adjust the rentand start getting a proper income/return from property rented out, more so when faced with situations where no agreement between lessor and lessee can be reached for an increase in rent.

This situation is more pressing today when rent has skyrocketed and where commercial properties are involved.

Unless this property market index value is set in motion and starts functioning, lessors are only allowed to increase rent by a mere five per cent, which very often is a pittance.

This, unfortunately, is a further perpetuation of past injustices to which lessors have been exposed to for decades because of our still archaic and unsatisfactory rent laws.

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