Sunday 24 Nov
The Supreme Constitutional Court of Egypt, in its session presided over by Counselor Boulous Fahmy Iskandar, issued a ruling today, Saturday, declaring a key provision of Law No. 136 of 1981 unconstitutional. This law, which has been in effect for decades, imposed fixed rents on residential properties, limiting the ability of landlords to increase rental rates over time.
The court found that the law's provision fixing annual rents at a specific percentage of the property's value at the time of licensing violated constitutional principles. The court argued that this provision unfairly restricted landlords' rights, particularly in light of rising inflation and changing economic conditions.
The court's decision will likely
have significant implications for both landlords and tenants in Egypt. While it
allows landlords more flexibility to increase rents, it also raises concerns
about potential rent hikes and affordability for tenants.
The ruling will take effect after the current legislative session of the House of Representatives concludes. This delay is intended to give lawmakers time to consider potential legislative changes to regulate rental rates and protect tenant rights.
