There is a very great deal of confusion in Egyptian society currently about old rent, and this is after the Constitutional Court’s decision that some articles of the law regulating the rental of residential spaces and regulating the relationship between the landlord and the tenant are unconstitutional. I wonder what will happen to the old rent prices. How much will the old rent reach? Follow us until the end and you will find out the details in this video
There was great joy in the Egyptian street among the landlords after the court’s decision to unconstitutionalize the first paragraph of Law No. 136 of 1981, which concerns renting places and regulating the relationship between the landlord and the tenant. Since the day of this decision, problems have begun between landlords and tenants, and the landlords feel that the time has come for them to be able to throw Tenants on the street, and the tenants feel that they are oppressed because of the amendment to the law that has been enacted and they have been walking under it for long periods.
Ok, how many housing units currently have problems with regard to the old rent?
The House of Representatives is currently considering amending the articles of the old rent law, especially in the part that caused many problems in society, related to rented and closed apartments, which are estimated to reach 450 thousand apartments covered by the old rent law.
Member of the Housing Committee in the House of Representatives, Taha Al-Nazer, said that the expected amendments to the old rental law will include decisive measures to deal with more than 450,000 closed and unused housing units. These units constitute a major burden on the real estate market in Egypt, and waste the rights of owners and society, and that the amendments It will allow the units to be withdrawn for the benefit of the owners.
A member of the House of Representatives Housing Committee said that the House of Representatives, in coordination with the government, will create fair legislation that balances the rights of landlords and tenants. This is in response to the ruling of the Supreme Constitutional Court, which requires the House of Representatives to work seriously to develop legislative solutions that achieve the required balance before the end of the current legislative term.
How much will the rental value of the apartments under the old rental system be?
The head of the Tenants Union, Sherif Al-Jaar, said that determining the rent of apartments under the old rental system must be subject to certain considerations through which the owner can estimate that he is raising the rental value in a reasonable manner, especially since the Supreme Constitutional ruling stipulated the necessity of raising the rental value by more than 7% of the value of the property at the time. Build it.
Al-Jaar said that the estimate of the rent in residential apartments under the old rental system will not exceed 5 times, but rather 15% annually, as happens with ordinary people, especially since increasing the rent more than 5 times will create a state of social inequality in society.
The Housing Committee of the House of Representatives said that the proposed amendments to the old rent law will be based on linking the rental value to real estate tax estimates, and the state will make accurate assessments for each house through which it will have a fair rent, and this rent will increase automatically based on the nature of the property and its location, and will take into account the disparity. Between each region and the other.
