REPORT: Long-time landlords stage sit-in, call on President Sleiman to sign new rent law

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12-04-2014 | 09:04
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REPORT: Long-time landlords stage sit-in, call on President Sleiman to sign new rent law
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2min
REPORT: Long-time landlords stage sit-in, call on President Sleiman to sign new rent law
The union of property owners and leased buildings staged Saturday a sit-in on National Museum’s stairs to call on President Michel Sleiman to sign the new rent law.

The landlords said that “the new law is constitutional par excellence, and aims at granting the long-time landlords their rights.”

The landlords have been staging several movements over the past week to urge the concerned parties to sign the new law.

On the other hand, old tenants have also been staging protests to voice their rejection to the new rent law proposed by parliament.

Two weeks ago, lawmakers passed a controversial draft rent law rejected by old tenants. Under the new law, rents regulated by the old rent law would increase over six years until they reach 5 percent of the current market value of an apartment. 


More than 200,000 apartments, mostly in the Lebanese capital of Beirut, are estimated to be rented under the old law, which governs lease contracts enacted before 1992. 

Inhabitants pay minimal rent fees that often amount to less than LL1,000,000 a year – a remnant of the country’s preinflation days just after the Civil War. 

Longtime tenants argue that the draft law would displace thousands of families.


To watch Raneem Bou Khzam's report, please click on the VIDEO above

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