A report says:
MUSCAT –– The Council of Ministers yesterday decided that rent for properties should not be increased by more than 15 per cent of the current rent value during the next two years.
This will provide citizens the much-needed respite from mindless rent hikes happening for the last one year. The rent cap of 15 percent holds good for existing tenants, but what will happen for people who want to move/shift to new premises wherein a new lease agreement will come into effect? I am sure the landlords will find some loopholes to beat the system. It so happened that recently a person changed his flat from third floor to second floor in the same building with same dimensions, and got his rent jacked up by RO 35 in the new agreement!
Who will bell the cat?