The General Director of Foreign Nationals Affairs prohibits any type of mortgage and lease contracts with foreign nationals.
The General Director of Foreign Nationals and Immigrants in Alborz Province stated that any type of building lease and mortgage contracts, whether residential, commercial, or industrial, with foreign nationals by individuals and real estate consultants is prohibited.
On Saturday, Cyrus Dehghan Shiri added that entering into a lease and mortgage contract with foreign nationals is also subject to obtaining approval from the General Directorate of Foreign Nationals and Immigrants of Alborz Province, and if approved, it is possible.
He emphasized that all real estate consultants are required to obtain a legal license to lease properties to foreign nationals, and accordingly, legal action will be taken against unauthorized landlords.
The General Director of Foreign Nationals and Immigrants in Alborz Province further stated that in case of negligence in this matter and entering into contracts without approval from the General Directorate of Foreign Nationals and Immigrants of the province, real estate consultant agencies will be subject to the provisions of Article 9 of the executive regulations of Article 81 of the Guild System Law.
He emphasized that real estate consultant agencies that have arranged lease contracts for residential or commercial units with foreign nationals without following the specified regulations, especially the notification letter, will be sealed.