Background & Purpose

Previously, there were no clear, unified rules for rent-to-own agreements, which made it difficult for people to navigate the process. The government introduced this law to create a safer and more predictable system for those who want to transition from renting to owning.

The Decision

The parliament decided to introduce a new law for rent-to-own housing and updated the regulations for ownership apartments to make homeownership more accessible.

Does this affect you?

  • Aspiring homeowners: People who currently lack the capital to buy a home can now use rent-to-own agreements as a stepping stone to ownership.
  • Housing developers: Companies can now offer rent-to-own housing under a standardized legal framework, making it easier to plan and sell new projects.

In Practice

  • You can now sign a legally regulated rent-to-own agreement with a promise to buy the home within a set time.
  • While waiting to buy, you live in the home and pay a fee to the owner.
  • The new rules provide a clear legal framework that protects both the buyer and the seller.
  • Changes to ownership apartment rules will also take effect to simplify the housing market.