a statement Minister of Housing And Al-Omran and the city, Muhammad Tariq Belaribi, said it will be modified Lease sale formula “Edit,” and this came in response to a parliamentary proposal to amend the rental sale formula for this type of housing.
According to what was stated in an official correspondence, received by the representative who submitted the proposal, which he deposited on the table of Prime Minister Nadhir Al-Arbawi three years ago. For almost months, the Ministry of Housing, Urbanism and the City has been preparing new amending texts regulating this Residential formulaIt is expected that the parliamentary proposal will be taken into consideration.
The proposed alternative is to amend the lease sale formula For justice housingwhich was previously published by “elhiwar us”. There are two options: the first relates to selling in installments with sufficient guarantees and a leasing contract with the owner giving the option to the tenant after completing the payment of all rental installments due during the period..
Regarding the first option, the author of the amendment proposed a set of conditions, the most important of which is allowing the possibility of selling in installments for every student whose income ranges between an amount exceeding twenty-four thousand dinars and equal to eight times the guaranteed minimum national income, and who does not own or has never owned, or his spouse, full ownership of a plot of land suitable for construction. Or a property for residential use and both of them did not benefit from financial assistance from the state for construction residence Or buy it.
In this case, he must also prove a level of income that allows him to pay the fixed monthly installments on time, calculated on the basis of the remaining amount of the housing price plus management and renovation expenses, within the limits of the period agreed upon between the two parties to the contract. In all cases, the beneficiary must pay the amount of the housing price. After deducting the amount of the first installment over a period not exceeding twenty-five years, provided that the deferred payment is made in installments showing the amount to be paid monthly distributed among the agreed upon amounts..
The proposal provides every beneficiary with housing within a framework installment sales He must pay several installments before their due date. In this case, the contractor for the real estate promotion must communicate with the beneficiary and hand over the housing ownership contract to him..
The proposal proposes Article 8 regarding the application of a 5 percent increase in the amount of the monthly installment in the event of a three-month delay in payment, provided that the authority undertaking the real estate promotion mortgages the housing benefited from in its favor until all installments are paid to guarantee its rights, and the housing enters the full ownership of the beneficiary once a contract is concluded. The sale is during the period of paying the installments as a guarantee for the housing, and thus the beneficiary bears any damage that befalls the housing at all, as well as the consequences of maintenance..
In the event that the contract includes insurance for the housing sold, the insurance must be cooperative, not commercial, and borne by the beneficiary purchaser as the owner of the property. The beneficiaries of housing sold in installments are subject to the rules of joint ownership as specified in the legislation and regulation in force, and everyone can benefit from housing sold in installments. Whoever resides in a public rental housing and meets the above-mentioned conditions is obligated to return the housing in question to the rental authority as soon as he receives the housing subject to sale in installments..
As for the second alternative, it is represented by a lease contract with the owner giving the option to the tenant after completing the payment of all rental installments due during the period in one of the following matters: (1) extending the lease period, (2) terminating the lease contract and returning the leased property to its owner, (3) Buying the leased property at the market price at the end of the lease period or any price they agree upon, even if it is nominal or as a gift contract..
The parliamentary proposal defined rent for housing that ends with ownership as a fair formula that allows obtaining a home after approving its purchase or gift with full ownership after the expiry of the rental period specified in the framework of a written contract. Rent for housing that ends with ownership is available to every student whose income ranges between an amount exceeding twenty-four thousand dinars and equal to eight thousand dinars. times the guaranteed minimum national income. He or his spouse does not own, or has never owned, full ownership of a plot of land suitable for construction or a property for residential use, and neither of them has benefited from financial assistance from the state to build or purchase a home. He must also prove a level of income that allows him By paying the fixed monthly installments within their due dates, calculated on the basis of the remaining amount of the housing price, in addition to the management and renovation expenses, within the limits of the period agreed upon between the two parties to the contract. In all cases, the beneficiary must pay the amount of the price of a modified housing after deducting the amount of the first payment over a period not exceeding twenty-one years. year.
The proposal says that the amounts are paid in installments showing the amount to be paid monthly and the period of distribution of the installments. The rented beneficiary must, in all cases and before he reaches the age of 75, pay the amount of the last installment. However, this maximum age may not be taken into account if the beneficiary is committed. By purchasing housing and paying its value in advance.
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