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Deputy Maghawery on Rent Law Overloads
The article discusses the old rent crisis in Egypt, where Deputy Atef El-Maghawy pointed out that applying a 15% annual increase to rental values reflects exorbitant figures and creates unfair imbalances between old and new contracts. He emphasized that the law imposes substantial increases, reaching up to 20 times the original rent, on contracts dating back to the 1980s and 1990s, making it impossible for tenants to pay and risking their eviction after three months of non-payment. El-Maghawy criticized the law for serving real estate developers and described it as retaliatory. He also noted that the Constitutional Court issued a ruling in November 2024 calling for limits on such increases, which the current law contradicts. He called for a re-evaluation of the law to establish a balance that preserves the rights of both tenants and landlords.
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