The eventual adoption of the draft Tenancy Act promoted by the ruling party, will make the eviction of tenants and discourage the market for rental housing, warned the House Inmobiliaria de Venezuela (CIV). The president of the body, Achilles Martini, said in dialogue with Notimex that the rule proposed by the United Socialist Party of Venezuela (PSUV) makes the eviction of the tenant relocation upon by the state Department of Tenancy.

"Only when the above address to get a shelter or other housing unit the person is that you can leave," said union leader.

Martini said the planned eviction procedure provides for a judicial process and a conciliation prior to the end in the hands of the government office, "which will make it worse" the situation of the owners to recover their property.

The employer also criticized the setting of a return of three to six percent and the method for calculating rents, considering that "distort" the market sector.

"The idea is that the value per square meter of land is the same anywhere in Caracas or in any city in the country, which will determine that the rents in popular areas will rise and that of the upper layers will down, "he said.

Martini warned that "regulation that will do is distort the market" and trigger prices that remain frozen for eight years, affecting the popular sectors, and proposed to revise the regulatory system.

"All controls and price regulation makes people more afraid, we do not believe that is the way to stimulate housing production, on the contrary," he said.

Considered "viable" the fixing of a discount of between 10 and 25 percent in housing prices of long standing, an amount less than a proposal that reached a peak of 40 per cent discount made by the VIC.

Martini said that in the proposed new law, the grounds for eviction as they are currently staying with the difference that the non-payment for up to leave two to four rents.

The legal project allows eviction if the landlord requires the property to take any of his relatives, is undergoing repairs, or because the tenant sublease the apartment or violates the internal regulations of the building.

Martini questioned sanctions including the possible expropriation of property for repeated breaches of law and warned that this will alienate developers and affect the supply of rental housing was reduced from 30 to six percent in recent years.


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