DR1 Daily News - Dominican Republic

The National Congress has given its final approval to a new rental bill, which now heads to the Executive Branch for enactment. The bill, which passed through the Chamber of Deputies after being modified by the Senate, aims to regulate rental contracts for residential homes, commercial properties, and spaces used by non-profit organizations.

The bill has clauses on rental prices, contract renewals, property abandonment, and the required security deposits.

The bill introduces several significant changes to how rental agreements are handled. Among the changes are:

• Security deposits: The bill sets a new limit on security deposits, which can’t exceed the equivalent of two months’ rent.

• Contract renewals: The bill specifies regulations regarding the renewal of rental contracts, aiming to provide more clarity and stability for both landlords and tenants.

• Property...