Rent Law Reforms

Excerpt from an article published today 14th. March 2006 on the Times of Malta by Mr Victor A. Galea, President of the Malta Chamber of Commerce and Enterprise.

"The first urgent rectification should be the removal by law of the so-called "security of tenure" practice. For years, this created a social injustice as it offers protection not only to the incumbent tenants but also to relatives of tenants, in particular those who "abusively" moved into premises in the twilight of their relatives' lives in order to "inherit" favourable rental conditions. This practice is to be condemned as morally incorrect.
The second is liberalisation of pre-1995 residential rents. The Chamber proposes that a formula acceptable to all parties be devised with a view to hasten the liberalisation process."

Read the full article by clicking here.

Also in today's Times of Malta, we find a letter written by Klara and Peter Paschke from Grossenseebach, Germany and titled "Don't ruin Gozo". The letter opens with:

"We own an apartment in Zebbug, Gozo. Four out of six apartments are hardly ever used. When we walk through the various villages we realise that obviously a major portion of the housing is not utilised.....". For the full letter please click here.

Comments

Post a Comment

Popular posts from this blog

Fire safety regulations for apartment blocks to be proposed by CPD in coming weeks

Regulations will prevent fire incidents from escalating  The Civil Protection Department is in the coming weeks proposing a number of fire safety regulations for apartment blocks.  The measures follow recommendations in an inquiry led by Magistrate Joseph Mifsud following a fire at 77 “Waterways” Flat 3, Triq l-Aħmar, Marsascala, during which a man had lost his life. Six people had also been hospitalised.  They include that fire drills led by the administrator should be carried out in every apartment block, that each block should have fire extinguishers u fire blankets at a place that was visible and accessible and that there should be a smoke and fire detection alarm in the common area.  Other proposals are for emergency exit signage, easy accessibility to roofs, and that callers to emergency number 112 should give as much information as possible and identify a landmark for a faster response time.  These, the CPD said in a statement, were some of the measures that could be
Read more

Scheme to regenerate village core buildings launched

First-time buyers of scheduled buildings will be given a 70 per cent rebate on restoration works, thanks to a scheme launched this morning. The rebate, up to a maximum of €100,000, will cover facade and interior works, balconies, and even some forms of garden works. First-time buyers of property in Urban Conservation Areas meanwhile will be eligible for a maximum rebate of €10,000. The scheme, which will start on January 16, has an €18 million cap and is on a first-come first-served basis. Receipts must be provided. The Irrestawra Darek scheme was launched by the Planning Authority this morning to help with the regeneration of Malta's village core areas. The scheme was first announced by Finance Minister Edward Scicluna in the last Budget. The planning authority said it had reached an agreement with the Local Council Association to help councils provide residents with a conservation architect. Times of Malta online article here.
Read more

The Villa Madama auction

Image
Something is clearly amiss. A landmark property has just gone under the hammer, selling at an unbelievable price when compared to other properties. But here's the quandary. Can such a property be benchmarked at all? My starting point is pretty basic. How many upmarket apartments can be bartered for this well maintained landmark property of historical value located next door to the President of Malta's palace?The shocking answer seems to indicate not even two.
Read more