Islamabad: The Senate Standing Committee on Interior passed the Islamabad Rent Restriction Amendment Bill 2020 on Friday to protect the rights of both tenants and landlords.
The bill had already been adopted by both the National Assembly Standing Committee and the National Assembly. It has now been forwarded to the Senate for consideration. Landlords and tenants have been clamoring for an amendment to the Islamabad Rent Restriction Ordinance 2001 for decades.
Senator Mohsin Aziz presided over the committee meeting, which took place at Parliament Lodges’ ancient Pips Hall, and Senator Seemi Ezdi presented the measure.
The following is taken from the Islamabad Rent Restriction Amendment Bill 2020:
- A rent controller will show all of the agreements between the landlord and the tenant to maintain track of them.
- A cross-check will be used to make payments linked to the tenancy agreement.
- The business and residential building’s rents will increase by 10% per year.
- For conflict settlement, a mediation council will be established.