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Egypt’s Parliament Passes Controversial Old Rent Law Amendments
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Egypt: Amendments to the Old Rent Law Approved
Egypt’s Parliament Passes Controversial Old Rent Law Amendments
Egypt’s House of Representatives passed on Wednesday, 2 July, long-anticipated amendments to the Old Rent Law, officially approving new legislation that will gradually terminate long-standing fixed-rent contracts. Under the newly approved law, residential tenants will be granted a seven-year transitional period, while non-residential tenants, such as those renting for commercial use, will have five years before contracts are terminated. After t…
Egypt’s parliament has given final approval to a bill that would phase out old rental contracts over seven years, sparking widespread concern over its potential social repercussions. The hotly debated law was approved despite a boycott by some lawmakers opposed to the measure, including Mustafa Bakri, an ally of President Abdel Fattah al Sisi, who warned of the risk of “social fractures and conflicts.” The bill seeks to end a regulatory regime i…
The Egyptian House of Representatives finally approved, during the plenary session today (Wednesday), the draft amendment to the old rent law, submitted by the government. The draft law includes a suitable transitional period before terminating old rental contracts, amounting to 7 years for premises rented for residential purposes, and 5 years for premises rented to natural persons for non-residential purposes. The draft law also stipulates that…
Parl’t passes final version of new rent law - Egyptian Gazette
The House of Representatives approved the final version of a government-drafted bill amending provisions related to rental laws and reorganising the relationship between landlords and tenants, in a session chaired by Speaker Hanafi Gebali. The parliament had given preliminary approval to the draft law during Tuesday’s general session, before continuing article-by-article discussions on Wednesday. Lawmakers passed the bill in a standing vote afte…
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