New Regulations to Curb Landlords from Overcharging Electricity Fees: Highest Fine of 500,000 Yuan to be Imposed Starting Mid-July, with Potential Continuous Penalties

Reported about 1 year ago

The Ministry of the Interior in Taiwan approved new standardized lease contracts on July 4, with a focus on the 'New Electricity Fee System.' Landlords found overcharging electricity fees in violation of the regulations after the new system is implemented on July 15 may face fines ranging from 30,000 to 300,000 yuan, escalating to 50,000 to 500,000 yuan for repeated offenses. The revised contracts aim to ensure fair electricity pricing and transparency, helping to prevent rental increases and protect the rights of tenants from being exploited by landlords.

Source: YAHOO

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