Friday, January 20, 2017

Rental law modified by Parliament. Changes to fund’s legal structure, includes more beneficiaries


Parliament has ratified modifications to the rental law. The original rental law went into force in 2014.

The ratification has produced two main modifications: The fair lease value of apartments has been reduced from five to four percent of an apartment's value. The second one relates to the legal structure of the assistance fund that subsidizes old rent tenants by paying the difference between the old and new rental cost.

Adib Zakhour, Head of the Committee appealing the rent law...

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