The Speaker of the Egyptian House of Representatives, Hanafy al-Gebaly, said that the discussion on the Old Rent Law remains open, with community dialogue session ongoing until a comprehensive legislative vision is formulated – one that ensures justice and social peace between all involved parties without bias.
Gebaly added, in a statement delivered during the plenary session on Sunday, that the Egyptian public is following with increasing interest the discussions under the parliament’s dome regarding the exceptional rental laws, known in the media as “old rent,” given the extreme specificity of this issue and the social and economic entanglements that have accumulated over decades.
He added, “While the House of Representatives recognizes the sensitivity of this issue, it is dealing with it with its constitutional responsibilities towards the nation and its citizens alike.”
The head of the Old Rent Owners Coalition, Mostafa Abdel-Rahman Attia, announced his rejection of the government’s draft law amending the Old Rent Law, in regards to rent increases and the duration of the rental agreement.
During a hearing by the House’s Housing Committee, Attia proposed that the minimum rent be set at LE 2,000 for low-income areas, LE 4,000 for middle-income areas, and LE 8,000 for upscale areas.
He also called for a three-year legalization period, after which the rental agreement would be liberalized.
Shorouk al-Islam Abdel-Basset, representing owners of residential units subject to the Old Rent Law, demanded a gag order on the law until it is officially approved in the Official Gazette.
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