Feb 10 • 10:45 UTC 🇱🇹 Lithuania Lrytas

This could change the possibilities for thousands of tenants to own their own property: a registered proposal opens an unexpected scenario

A new legislative proposal in Lithuania aims to facilitate home ownership for tenants living in municipal housing by allowing purchase via a rent-to-own scheme, contingent on specific eligibility criteria.

The Lithuanian political landscape is seeing a potential shift regarding housing accessibility, particularly for low-income tenants living in municipal properties. A proposal put forth by Ligita Girskienė, the leader of the Farmers, Greens, and Christian Families Union faction, aims to amend the existing Housing Support Law to introduce a rent-to-own option. This proposal stipulates that tenants must have lived uninterrupted in the property for at least five years and must have declared their residence there. Additionally, tenants seeking to buy the property must not have any overdue rents or utility bills at the time of application.

This initiative is driven by the recognition that many residents renting municipal housing are grappling with low incomes and financial difficulties, which complicate their ability to save for a house. By allowing these tenants a structured path to ownership through the proposed rent-to-own framework, the legislation seeks to empower them and address the broader issues of economic disparity in housing access. If approved by the Seimas, the government or an authorized body will be responsible for establishing the regulations governing the sale and payment processes.

The implications of this proposal could be significant for the housing market in Lithuania, potentially providing a much-needed breakthrough for thousands of families who currently feel excluded from home ownership. As municipalities grapple with how to manage housing resources and support their residents, this legislative move could reshape the landscape of affordable housing in the country, promoting stability and long-term investment in communities. The success of this proposal will likely depend on its reception within the Seimas and the government’s willingness to implement the required regulatory framework.

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