RealNews

Oman to introduce new rental law

A new rental law will be introduced in Oman soon, capping rents at 7% per year and bringing measures to protect tenants’ rights. “The rent committee formed by the government has recommended major changes in the rental law in the country in order to control rising rentals,” Al Khonji, who is a member of the Rent Committee , reported Gulf News quoting Khalil Bin Abdullah Al Khonji, a member of the government-formed Rent Committee and also Chairman of the Oman Chamber of Commerce and Industry. Full Story

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