President Abdel-Fattah El-Sisi has ratified a law amending Egypt’s decades-old rent system, marking a major shift in landlord-tenant relations. The move follows the law’s approval by the House of Representatives on 2 July and its publication in the Official Gazette on Monday, 4, August. The new law introduces transitional periods before existing contracts are terminated, seven years for residential units and five years for non-residential ones. After this period, rental agreements will no longer be governed by the old rent law and will instead fall under Egypt’s Civil Code, allowing landlords and tenants to set terms freely. During the transitional phase, rents will increase gradually by 15 percent each year. Additional rent hikes will be applied based on location. In prime areas, rent will increase by 20 times the current amount, with a minimum of EGP 1,000 (USD 20) per month. In middle-income areas, rent will rise tenfold, with a minimum of EGP 400 (USD 8), while in economic areas, it will increase by at least ten times, with a minimum of EGP 250 (USD 5). Non-residential units rented by individuals will see rent multiplied by five. Eviction will alsoContinue reading "President El-Sisi Ratifies Amendments Ending Egypt’s Old Rent Arrangements"
President El-Sisi Ratifies Amendments Ending Egypt’s Old Rent Arrangements first appeared on Egyptian Streets.
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