When will old lease contracts expire? Everything you need to know
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- Egypt’s Law No. 10 of 2022 sets March 2027 as the expiration date for old lease contracts involving legal entities.
- The law gives companies and other legal-person tenants a five-year transition period, with annual rent increases of 15%.
- Tenants must return the property when the period ends unless both sides agree to sign a new lease.
Old lease contracts involving legal entities in Egypt will expire in March 2027 under Law No. 10 of 2022, a deadline that has increased interest among landlords and tenants.
The law, ratified by President Abdel Fattah al-Sisi and published in the Official Gazette in March 2022, introduced new rules for rental relationships involving legal persons. It grants those tenants a five-year transition period and requires a 15% annual rent increase during that period.
The rules cover entities such as companies, associations, institutions, unions, ministries and public authorities that own or rent property under old lease agreements.
When the five-year period ends, the old agreement terminates and the tenant must return the leased unit or property to the owner. The contract does not continue automatically. A tenant can remain only if the landlord and tenant agree to a new lease under mutually accepted terms.
About this summary
Originally published by Egypt Independent. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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