Tuesday 17/June/2025 – 10:29 PM
Counselor Mahmoud Fawzi, Minister of Legal and Parliamentary Affairs and Political Communication, stressed that the government quickly responded to the rule of the Supreme Constitutional Court regarding the regulation of the relationship between the owner and the tenant in non -residential rental contracts, by preparing a balanced bill that addresses chronic problems in this file, and achieves justice for both parties.
“Fawzi” said in a telephone conversation with the journalist Nashi Al -Daihi on the “Paper and Pen” program, broadcast on Ten channel, on Tuesday evening, that the government was determined since last April to radically end this file, noting that the House of Representatives managed comprehensive community dialogues during which he listened to all the views of the case, from owners, tenants and experts.
He explained that the new draft law has preserved the basic period for editing contracts for non -residential purposes at 5 years, but that the period has been extended to 7 years of places leased for residential purposes, taking into account the stability of the tenants, and at the same time enabling the owners to gradually restore their rights.
He added that the law determines an annual increase of 15% on the value of the rent during the contract period, in order to achieve a balance in the rights and duties of the two parties.
Fawzi pointed out that the new draft law takes into account the differences between the different geographical regions, as a minimum monthly rent has been set according to the regions divisions:
1000 pounds for distinguished residential areas
400 pounds for medium areas
250 pounds for economic areas
He explained that a specialized committee will determine the rental value, according to accurate criteria that include the geographical location, infrastructure, real estate value, and the availability of transportation and facilities.
He stressed that the draft law in its new form is an important step towards correcting the rental relationship in the Egyptian market, and achieving a fair balance between the needs of real estate development and the rights of citizens.
