Egypt's Curative Organisation, VACSERA sign deal to boost health, vaccine cooperation    Oil prices jump 3% on Thursday    Gold prices edge lower on Thursday    Egypt, EU sign €4b deal for second phase of macro-financial assistance    Egypt's East Port Said receives Qatari aid shipments for Gaza    Egypt joins EU's €95b Horizon Europe research, innovation programme    Asian stocks fall on Thursday    Egypt steps up oversight of medical supplies in North Sinai    Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening    Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna    Inaugural EU-Egypt summit focuses on investment, Gaza and migration    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt records 18 new oil, gas discoveries since July; 13 integrated into production map: Petroleum Minister    Defying US tariffs, China's industrial heartland shows resilience    Pakistan, Afghanistan ceasefire holds as focus shifts to Istanbul talks    Egypt's non-oil exports jump 21% to $36.6bn in 9M 2025: El-Khatib    Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Health Minister reviews readiness of Minya for rollout of universal health insurance    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.



Higher rent versus old law
Published in The Egyptian Gazette on 29 - 04 - 2012

Cairo - For many years the law governing the tenant-landlord relationship has been a sensitive issue; its amendment was avoided due to likely controversies, particularly among the beneficiaries.
The Housing Committee of the post-revolution Parliament is discussing a suggestion today in view of modifying the law. Rents would be raised in a way that would put the record straight, if handled well.
The present law puts landlords at a great disadvantage. If the rent is protected by the old law, it is so minute that it does not cover the present price of many services. If all flats in an apartment block are under the old law, their combined rent brings in less than that of one flat under the new rental bill.
The problem with the Old Law is that property values are in jeopardy due to lack of maintenance. Landlords are not prepared to pay for repairs when they only collect pathetic amounts of money, although the tenants insist that the landlord is responsible for maintenance and repairs.
Some landlords go as far as hoping their building would collapse; they could make a fortune by selling the plot.
The result of this diabolical deadlock is a huge number of dilapidated buildings.
So – the Parliament is heeding the calls for social justice in line with the basic demands of the January 25 revolution.
The parliament majority, which has recently been criticised for its handling of the Constituent Assembly, seems keen to demonstrate that it touches upon issues of public concern.
Yet the Parliament's task is not as easy as it sounds, because the law in question has to strike a balance between the interests of both sides and take into consideration that many tenants, who rent their flats under the old law, could not afford a substantial increase.


Clic here to read the story from its source.