Sherif Elgayar discusses Renters' Replacement Law
Advisor Sherif El-Gaara revealed the Renters' Union's vision for a new law that would regulate the relationship between landlords and tenants. This proposal is based on ending the lease relationship after one generation of the tenant’s heirs, with gradual increases applied to the rent to balance the rights of both parties. The aim is to address the continued existence of the old rental law, which no longer aligns with current economic conditions, while safeguarding landlords' rights—particularly in difficult cases such as retirees who struggle to afford the new rent increases, with their income limited to around 2,300 Egyptian pounds in some cases. El-Gaara also emphasized that the crisis has affected the social relations between landlords and tenants. He stated that a solution requires achieving a balance between their rights through the formation of a joint committee representing both sides to reach an agreement. Furthermore, he mentioned legal actions underway, including lawsuits before the Supreme Constitutional Court to challenge certain provisions of the law. He clarified that such appeals do not automatically suspend the law's implementation.
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