The Ministry of Finance (MoF) issued a decree that establishes a fund to subsidize tenants under the old rent law who are unable to pay the fair value of their leases. The decree also explains the fund's mode of operations.
The fund subsidizes tenants on old rent by paying the difference between the old and new (fair) rent.
The decree still needs the signature of the President and Prime Minister.
According to the 2017 budget, $20 million will be allocated to the fund. "We e...
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