As thousands of families expect additional rental costs, government is undertaking the task of paying said costs to aid the families. Landlords can claim up to 2% of the property’s market value in rent should they be bound by pre-1995 property leases.
The major reform was announced last Saturday. With approximately 10,000 families affected by the new reform and the total outlay expected to be €1 million in the first year, €3 million in the second, and €5 million in the third year, government will be paying the additional costs.
Any pensioners or social-welfare beneficiaries in pre-1995 leases will have costs covered fully up to a maximum of €10,000 per year. Prime Minister Robert Abela also stated that tenants affected will be offered aid as they are not to be held responsible by failure of the state to act quicker. Full time tenants will pay a maximum of 25% rental costs.
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