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Closed 2% maximum annual rent increase for residential and business properties

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Rent for businesses and residential property is excessive at present. A cap of 2% is required on an annual rent increase. The owner of the property will need to justify any rent increase with improvements to the propertyto the tenant in a years period. Change of tenants will leave the rent unchanged. If insignificant improvements have been made to the property the rent remains unchanged. No cap on rent decrease.

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    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 16 August 2012.