Orden de 26 de enero de 1979 por la que se establecen las condiciones de pago del precio aplazado y la renta de las viviendas de promoción pública del Instituto Nacional de la Vivienda. | BOE-A-1979-3280 — Spain law | Esheria

Orden de 26 de enero de 1979 por la que se establecen las condiciones de pago del precio aplazado y la renta de las viviendas de promoción pública del Instituto Nacional de la Vivienda.

The deferred part of the price of certain public-housing homes earns 5% annual interest and is paid through amortization installments that rise by 1% every 12 consecutive months.

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Jurisdiction
Spain
Instrument
Order
Citation
BOE-A-1979-3280
Version
Undated source snapshot
Language
es
Updated
Official source
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amortization deferred payment interest rate payment terms public housing public housing administration rent rental housing rental pricing service charges subsidies temporary accommodation utilities

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Statute overview

About this statute

The deferred part of the price of certain public-housing homes earns 5% annual interest and is paid through amortization installments that rise by 1% every 12 consecutive months. The initial maximum annual rent per square meter for a public housing unit owned by the Instituto Nacional de la Vivienda is 3% of the housing’s sale price. A public-housing tenant may receive a rent deduction of up to 50%, decided case by case by the Institute’s General Directorate. The tenant must bear certain service charges paid by the owner and must pay individual utilities directly. The National Housing Institute may transfer temporary accommodation it promotes, under the conditions and regime set by the referenced rule.