16:56 - 21.10.2026

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October 21, Fineko/abc.az. The Mortgage and Credit Guarantee Fund (MCGF) of Azerbaijan has formalized over 10,000 rent-to-own residential contracts across Baku, Sumgayit, and Absheron.

To enhance transparency and prevent speculative abuse, new regulations came into effect on October 1:

• Transfer of Obligations: Tenants can transfer their contractual obligations to another party only after 3 years from the agreement date. Those who transfer obligations must wait 5 years before reapplying to the scheme;
• Active Mortgage Restriction: Individuals with an active mortgage loan issued via MCGF funds are ineligible;
• Credit History: Only applicants with a "positive" or "satisfactory" credit score will qualify for rent-to-own housing.

Citizens can contact the Fund's 1549 Call Center for further inquiries.