Bill seeks to improve conditions for renters

Landlords will not be able to raise rent for three years, if a bill by MKs Stav Shaffir (Zionist Union) and Roi Folkmann (Kulanu), which has Finance Minister Moshe Kahlon’s support, becomes law.

The “Fair Rental Bill,” which is expected to be presented to the Ministerial Committee for Legislation on Monday, also prohibits raising rent by over two percent per year after the third year, and landlords can be fined by up to NIS 2,000 per month in which they overcharged.

The bill is based on legislation proposed by the Justice Ministry last year in coordination with the Finance and Construction Ministries, but current Justice Minister Ayelet Shaked says improvements must be made before she can submit a government version, as opposed to Shaffir and Folkmann’s private-member bill.

Source: http://www.jpost.com/Israel-News/Bill-seeks-to-improve-conditions-for-renters-405993

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