24 Hrs
Source:
المصري اليوم
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Lease ending 2027 details
By March 2027, the statutory deadline granted by Law No. 10 of 2022 to property owners and legal entities to complete old lease contracts will have expired. After this date, tenants are required to vacate the units and hand them over to the landlords, with the possibility of renewing the contracts based on mutual agreement if they wish to continue. The law includes a transitional period of five years, starting from March 2022, during which rent values can increase by 15% annually to facilitate the process of new leasing agreements after the deadline.
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