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المصري اليوم
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Source: المصري اليوم
24 Hrsالمصري اليوم
Source: المصري اليوم
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Egypt is preparing to implement a periodic increase of 15% on the value of old rents starting in September, which will have significant repercussions on tenants, especially the elderly and pensioners, who make up the majority. MP Atef Maghawry warned that this increase, following a year of implementing the new law, could lead to unbearable financial burdens, with landlords potentially turning to the courts to evict tenants who fail to pay. He pointed out that the differing rental values of old contracts, established in the 1980s and 1990s, require consideration of the temporal and economic differences, and emphasize the need to strike a balance between the rights of landlords and the circumstances of tenants to prevent social crises from worsening.
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