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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 this period, all new rental agreements will be subject to Egypt’s Civil Code, which allows landlords and tenants to freely…
