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Impact of Rent Law Change on Landlords and Tenants
Significant changes have been made to the Old Rent Law in accordance with Law No. 164 of 2025. The rental value for units now ranges between 5 pounds and 1,000 pounds per month, after being symbolic for many years. The amendments include a gradual increase over a period of 7 years, ending in 2032, with annual increases set at 15%. Areas are classified into distinguished, medium, and economical zones based on criteria such as location and services. Additionally, tenants have the right to obtain alternative housing units through an electronic portal, with a transitional period allowing landlords to recover their financial rights while providing tenants with housing options. These adjustments aim to achieve a balance between the rights of landlords and tenants, with contracts ending gradually according to the type of property.
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