MPs propose new laws to address rising rents

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MPs propose new laws to address rising rents

The demand for housing for rent has soared rapidly in Klaip da, Kaunas and Vilnius, forcing tenants to accept all conditions set by property owners. The MP notes that rapidly growing electricity, district heating and tap water fees must be taken into account, which may reduce purchasing power and increase the risk of poverty.

The Civil Code stipulates that the government can set the maximum rent fees for residential housing leased under commercial conditions, but the central government does not take advantage of this and otherwise has limited options to intervene in the rental market, according to Paluckas.

The MP argues that if municipal councils were allowed to set the maximum rent fees, the problem of expensive rent would be addressed where it exists, for example, in Vilnius. Paluckas notes that similar regulations already exist in Western European cities like Berlin, Copenhagen and others, and are widely supported by citizens.