CBE receives offers worth $1.117bn for USD-denominated T-bill auction    RMBV explores acquisition opportunities in Egypt: Badreldin    India's infrastructure output increase by 5.2% YoY in March    World Bank head expects answers for African leaders' request    Mexico's economy expands by 0.2% in Q1    UAE, Iran rare economic commission set to convene in Abu Dhabi    KOICA, Plan International mark conclusion of Humanitarian Partnership Programme in Egypt    Microsoft to invest $1.7b in Indonesia's cloud, AI infrastructure    Al-Sisi, Biden discuss Gaza crisis, Egyptian efforts to reach ceasefire    Egyptian, Bosnian leaders vow closer ties during high-level meeting in Cairo    S. Africa regards BHP bid typical market activity    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca, Ministry of Health launch early detection and treatment campaign against liver cancer    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    US to withdraw troops from Chad, Niger amid shifting alliances    Negativity about vaccination on Twitter increases after COVID-19 vaccines become available    Environment Ministry, Haretna Foundation sign protocol for sustainable development    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Victims of socialist rules in Egypt
Published in The Egyptian Gazette on 22 - 06 - 2011

CAIRO - The newly proposed law regulating the landlord-tenant relationship has renewed fears among the landlords of ageing residential properties.
These people, who have been appealing for more than three decades for an increase in the rents on their properties, corresponding with the soaring prices in the domestic market, complain that the new arrangement will be of no benefit to them.
These landlords are victims of the socialist rules imposed by late president Gamal Abdel-Nasser, back in the 1950s.
These landlords were allegedly done an injustice when they were banned from upping the rents on their properties.
Because of this, the tenants (or their heirs) of a grand villa in the posh district of Zamalek, which they've been renting since Nasser fixed the rents nearly 60 years ago, might be paying only LE30 per month in rent.
The irony is that, over the years, tenants in these old buildings have managed to build their own apartments and rent them out for far more than they are paying to their frustrated landlords, who can't even afford a kilo of beef from the money they get every month from one of their properties.
Indeed, several years ago, one enterprising landlord asked his tenant to give him 2kg of beef every month, in lieu of rent.
Wealthy property developers, who made vast sums of money under Hosni Mubarak, pressurised Parliament at the time into approving a new arrangement, whereby the rent on newly built flats would be increased every three years.
The new contract is automatically revoked if the tenant refuses to comply with the increase.
The fact that the disbanded ruling National Democratic Party constituted the majority in Parliament should explain why this new lease bill was so swiftly passed.
The new lease contract did not escape harsh criticism, especially when thousands of newlyweds were evicted when they protested that the rent should go up every three years.
Building experts, sympathetic towards these frustrated couples, insist that the rents should only be increased every five years, to make life easier for families.
The Chairman of the Torah Municipal Council in southern Cairo, Engineer Ibrahim Saber, believes that the three-yearly 10 per cent increase in rent should be stopped, as it's unjust for many poor tenants.
One housewife appealed to housing officials to only increase the rent by 10 per cent once every 10 years, because of the financial difficulties many families are suffering.


Clic here to read the story from its source.