REPORT: Longtime landlords call for sit-in on Wednesday near Presidential Palace

News Bulletin Reports
08-04-2014 | 09:31
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REPORT: Longtime landlords call for sit-in on Wednesday near Presidential Palace
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REPORT: Longtime landlords call for sit-in on Wednesday near Presidential Palace

Longtime landlords staged on Tuesday a sit-in at the Riad al-Solh Square, calling on President Michel Sleiman to sign the new rent law.         

"This would constitute an added value to this era's achievements," protesters said.       

The landlords also called for a sit-in on Wednesday near the Presidential Palace to demand the signing of the law.          

This comes after old tenants staged a sit-in in Beirut's Hamra Street to protest the new rent law proposed by parliament.

The tenants have been on a continuous strike, blocking several roads across Lebanon and voicing their rejection to the new rent law.

Protesters, gathered in Ashrafieh's Sassine Square on Saturday, urging President Michel Sleiman to return the law to Parliament for further examination “to prevent half of the Lebanese people from becoming homeless”.

“We are not denying the owners’ rights but we entered these homes with legal contracts, we paid taxes and assumed our duties. Therefore, we demand a fair rent law, not one that would force us to leave our homes,” Head of the committee of old tenants said.

One week 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

News Bulletin Reports

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