The draft will be socialized with all the actors and then delivered to the congressmen for their evaluation.
The Dominican Association of Home Builders and Promoters (Acoprovi) is preparing a proposal for a law on real estate rentals and evictions, which is modern and gives legal guarantees to all parties involved so that it becomes a development tool.
the president of AcoproviJorge Montalvo, stressed that they are in the final phase of the draft and at the time it will be socialized with all the actors and then delivered to the congressmen so that they can evaluate it together with the one they have.
Last week the Chamber of Deputies created a special commission to study the real estate rental and eviction bill, in order to expedite its knowledge and approval. The current legislation, made up of various regulations, dates back to 1959.
Montalvo indicated that a rental is also a decent home and develops this market, since with adequate legal guarantees you can have low-cost and social interest housing.
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He added that among the proposals of Acoprovi is that investment in real estate for rent be encouraged; the processes for an owner to terminate a rental contract are not long, expensive and bureaucratic and the renewal of contracts.
In addition, they propose that it is not only in the Agricultural bank deposit values can be deposited, but the financial sector in general.
“What we need is clear rules, both for owners and for those who rent the property, and this will allow the rental market to develop”said when participating Economic Meeting.
He expressed that there is a culture of acquiring homes by people who hope that when they reach old age they can live on this income, but there is no rental market because there are no legal guarantees.
The vice president and treasurer of Acoprovi, Guido Rosariohighlighted that there are investment funds with an appetite for this type of real estate, but so far they have only focused on commercial premises with long-term rent.
He said that they have estimates that this would also favor the prices paid monthly in rents.
Territorial planning and construction regulations
Montalvo urged the approval of the law of Territorial Planning to plan land use.
And he stressed the importance of city councils updating their regulations on building in all its areas and that new ones be created in places where they do not exist. He said that the market has changed and people are looking for more compact homes, with social areas and not large homes that are more expensive.
He added that these regulations regulate issues such as land use, housing density, height of buildings, boundaries, among others.
the first vowel, Santiago Colome, He indicated that by having regulations, the discretion of the institutions is eliminated, transparency is created and technical criteria prevail.
