AADL Housing: Owners Can Waive Their Apartments After Two Years

date 2016/10/15 views 1287 comments 0
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icon-writer Samira Belamri/English version: Dalila Henache

Government decided to license AADL Houses owners to waive their apartments in two years if they will be owned and fully paid for, instead of waiting for 5 years, which is a period that was adopted by the executive body within the executive decree that allows the possibility of paying the full price of the apartment.

Finance bill for 2017 included a new proposal for the housing sector, specifically the sale with rent formula, which will enable, if approved by the deputies of the Popular Council, the owners of AADL houses from the waiver of their apartments after two years from receiving their apartments, provided that they should pay for the full price of their apartment to the National Agency for Upgrade and Development of Housing "AADL", as the new procedure intends to enable the beneficiaries of this formula from owning their apartments, through resorting to the right to check the duration of the waiver and reduce it from 5 years to just two years, after paying the full price.

This procedure is considered a complementary to the first one, through which the government intends to enable AADL Housing beneficiaries from paying the full price of their apartments, but the first procedure ran into bureaucratic procedures that prevented the achievement of the desire of hundreds of those who contacted the agency "AADL", and did not find the answers to inquiries about modes of payment for the remainder of the price of the apartment, though the experience of agencies for upgrade real estate and management, with the Executive Decree on waiving the social houses, as the owners benefited from them in 2004, but did not lead to encouraging results, showing that Algerians lack the culture of owning their apartments, in the presence of data that confirms that rate of evaders from the payment of rent for the offices of real estate and management exceeds 38%.

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