Egypt’s Supreme Court Rules Old Rental Law’s Fixed Rate Unconstitutional ...Egypt

Egypt’s Supreme Constitutional Court (SCC) ruled on Saturday, 9 November, the Old Rentals Law’s fixed seven percent rate on residential rentals as unconstitutional, urging parliament to amend the law by the end of its current legislative term.  This decision impacts thousands of landlords and millions of tenants governed by Law No. 136 of 1981, known popularly as the ‘Old Rentals Law’, which has, for decades, restricted rent price adjustments. According to the SCC, the fixed rate, specified in Articles 1 and 2 of the 1981 law, capped annual rent at seven percent of a property’s assessed value.  The court argued that this fixed rate infringes on property rights, noting that rental values shou

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