Latest Breaking News On - Rent increase restriction - Page 1 : comparemela.com

  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.”

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