1 Day
Source:
المصري اليوم
15% increase looms for old rental contracts
The government has begun implementing a 15% increase on the rental value of units governed by the old rent law, starting from September 2026. This increase is the scheduled annual adjustment and varies depending on the region's classification. In determining the increases, regions are categorized as follows: in prime areas, the increase can reach up to 20 times the current value with a minimum of 1,000 Egyptian pounds per month; in moderate areas, up to 10 times the current value with a minimum of 400 pounds; and in economic areas, also up to 10 times the current value with a minimum of 250 pounds. Additionally, the government has decided to extend the deadline for applying for alternative housing by three months, until October 12, provided certain conditions are met, such as actual residential occupancy and not owning another unit by the same tenant. Applicants are required to submit documents including the lease contract, national ID card, and proof of residence.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)