The rents White Paper - John Consiglio
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The Times of Malta’s boxed summary (October 16) of the recently issued Rental White Paper (WP) is a good place from where to start an analysis of the document. Every person with a social conscience has a duty to study the WP carefully, and for politicians tThe rents White Paper - John Consiglio
The Times of Malta’s boxed summary (October 16) of the recently issued Rental White Paper (WP) is a good place from where to start an analysis of the document. Every person with a social conscience has a duty to study the WP carefully, and for politicians too of course, inevitably because the WP’s consequences and aftermaths will determine very much to what extent ours will continue to be an honest, caring and Christian society. Pending my much lengthier direct submissions as part of the formal requested public consultation, I point out hereunder some brief observations using precisely The Sunday Times of Malta’s ‘At a glance’ synthesis. “Encouraging long-term contracts either through mandatory minimum periods or financial incentives.” Long-term contracts should, in theory, help stabilise what is presently a jungle market, heavily and obscenely skewed in the owners’ favour. Let us not, however, run away with the idea that fiscal incentives will be any panacea which owners will not try to (with their accountants’ aid) manipulate in their favour at the expense of either the renting occupants or the nation’s fisco itself. “Requirement to register rental contracts, property... Read more