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The Fiji Times » FCCC extends rent freeze

The Fiji Times » FCCC extends rent freeze
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FCCC extends rent freeze on residential and ground rent

Fijilive - Rental freeze further extended Gateway to Fiji, Fiji News, Fiji Rugby, Fiji Football, Fiji Sports, Fiji Picture Gallery, Fiji Business, etc

Fijilive - Rental freeze further extended Gateway to Fiji, Fiji News, Fiji Rugby, Fiji Football, Fiji Sports, Fiji Picture Gallery, Fiji Business, etc
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  Jan 02, 2021 11:13:02 AM The Fijian Competition and Consumer Commission (FCCC) has extended the rent freeze on residential and ground rents till 31 December 2021. This extension is based on assessment of the FCCC (Rent Increase Restriction on Residential and Ground Rent) Order 2018 (Rent Freeze Order), which was due to expire on 31 December 2020. FCCC chief executive Joel Abraham said many Fijians are currently struggling financially, with the COVID-19 pandemic having had an enormous impact on the economy and the assessment took this into account, in addition to other relevant factors. “Simply put, the extension means that between1 January 2021 to 31 December 2021, landlords must continue to not charge rent for letting or continued letting of any premises under residential tenancy, including ground rent, in excess of the rental applicable to the same premises in 2020.”

Rent freeze extended to 31st December 2021

Rent freeze extended to 31st December 2021 Rent freeze extended to 31st December 2021 FCCC CEO Joel Abraham. [image: File] Landlords cannot increase rent for another year after the Fijian Competition and Consumer Commission has extended the rent freeze policy on residential and ground rents till 31st December 2021. CEO Joel Abraham says their assessment took into account that many Fijians are currently struggling financially due to the COVID-19 pandemic. He says it has been extended to maintain a certain level of control and to ensure fair treatment of tenants. Abraham adds for newer properties, the rent applicable for the first letting becomes the base rent and any increase thereafter would be subject to the rent freeze during this period.

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