A proposal to amend the formula for selling justice housing at the Arbawi table – New Algeria

The representative of the National People’s Assembly, Rachid Mahtoor, submitted to the office of the National People’s Assembly a proposal to amend the formula for renting residential housing. According to the information obtained by “elhiwar us”, the representative received a response from the director of the office of the acting Prime Minister, Murad Suleiman Ben Amer, requesting that the proposal be referred to the competent authorities. In order to study it and take appropriate measures.

The proposed alternative to amending the rental sale formula for residential housing, a copy of which “elhiwar us” has, is based on two options. The first relates to selling in installments with obtaining sufficient guarantees and a rental contract with the owner giving the option to the tenant after completing the payment of all rental installments due during the period.

Regarding the first option, the author of the amendment proposed a set of conditions, the most important of which is clearance Sales field In installments for every student whose income ranges between an amount exceeding twenty-four thousand dinars and equal to eight times the guaranteed minimum national income, and neither he nor his wife owns, or has ever owned, full ownership of a plot of land suitable for construction or a property for residential use, and neither of them has benefited from financial assistance from the state to build A home or buy it.

In this case, he must also prove a level of income that allows him to pay the fixed monthly installments on time, calculated on the basis of the remaining amount of the housing price plus management and renovation expenses, within the limits of the period agreed upon between the two parties to the contract. In all cases, the beneficiary must pay the amount The price of the house After deducting the amount of the first installment over a period not exceeding twenty-five years, provided that the deferred payment is made in installments showing the amount to be paid monthly distributed among the agreed upon amounts.

The proposal allows each beneficiary of a home within the framework of an installment sale to pay several installments before the due date. In this case, the contractor for the real estate promotion must hand over the housing ownership contract to the beneficiary and deliver it to him.

The proposal proposes Article 8 regarding the application of a 5 percent increase in the amount of the monthly installment in the event of a three-month delay in payment, provided that The body responsible for real estate promotion Mortgaging the beneficiary’s housing in her favor until all installments are paid to guarantee her rights. The housing becomes fully owned by the beneficiary as soon as the sales contract is concluded, and during the period of payment of the installments it serves as a guarantee for the housing. Thus, the beneficiary bears any damage that befalls the housing in any way, as well as the consequences of maintenance.

In the event that the contract includes: Housing insurance The insurance must be cooperative, not commercial, and must be borne by the beneficiary purchaser as the owner of the property. The beneficiaries of the installment sale housing are subject to the rules of joint ownership as specified in the legislation and regulation in force. Anyone who resides in a public rental housing that meets the aforementioned conditions can benefit from the installment sale housing. The above-mentioned person is obligated to return the concerned house to the leasing body as soon as he receives the house that is the subject of the installment sale.

As for the second alternative, it is represented by a lease contract with the owner giving the option to the tenant after completing the payment of all rental installments due during the period in one of the following matters: (1) extending the lease period, (2) terminating the lease contract and returning the leased property to its owner, (3) Buying the leased property at the market price at the end of the lease period or any price they agree upon, even if it is nominal or as a gift contract.

The parliamentary proposal defined rent for housing that ends with ownership as a formula that allows obtaining a home after approving its purchase or gift with full ownership after the expiry of the rental period specified in the framework of a written contract. Rent for housing that ends with ownership is available to every student whose income ranges between an amount exceeding twenty-four thousand dinars and equal to eight times The guaranteed minimum national income. He or his spouse does not own, or has never owned, full ownership of a plot of land suitable for construction or a property for residential use, and neither of them has benefited from financial assistance from the state to build or purchase a home. He must also prove a level of income that allows him to pay The fixed monthly installments are calculated on the basis of the remaining amount of the housing price, in addition to the management and renovation expenses, within the limits of the period agreed upon between the two parties to the contract. In all cases, the beneficiary must pay the amount of the housing price after deducting the amount of the first payment over a period not exceeding twenty-five years.

The proposal says that the amounts are paid in installments showing the amount to be paid monthly and the period of distribution of the installments. The rented beneficiary must, in all cases and before he reaches the age of 75, pay the amount of the last installment. However, this maximum age may not be taken into account if the beneficiary is committed. By purchasing housing and paying its value in advance.

The authority undertaking the real estate promotion shall deliver to the concerned person a documented promise of the prestige of the dwelling by not paying installments or a promise to sell. The authority undertaking the real estate promotion may also conclude a donation contract independent of the lease contract but linked to it in time, with its implementation contingent on the completion of the performance of each contract. Monthly installments for rentAfter completing the payment of the scheduled installments, the authority undertaking the real estate promotion concludes a new contract with the concerned person, separate from the lease contract. It will be a gift contract, an assignment contract, or a sale contract at the market price, or in a symbolic dinar, or at a symbolic price, or according to the expenditure at the time. The new contract will have all legal effects. For sale or giveaway depending on the situation.

Fouad Q