Egypt’s Parliament Passes Controversial Old Rent Law Amendments

Egypt’s Parliament Passes Controversial Old Rent Law Amendments

Egypt’s House of Representatives passed on Wednesday, 2 July, long-anticipated amendments to the Old Rent Law, officially approving new legislation that will gradually terminate long-standing fixed-rent contracts. Under the newly approved law, residential tenants will be granted a seven-year transitional period, while non-residential tenants, such as those renting for commercial use, will have five years before contracts are terminated.  After t…