Several citizens who own residential units that operate under the old rental law have launched a lobbying group to discuss their issues with the old rental law with parliament, reported Al Borsa.
The group has prepared a list of suggestions to address the old law, which has been sent to the parliament speaker and the president. A date has been set to discuss the draft law with parliament, according to Murad Munir, head of the lobbying group.
The amendments include an economic study that has been prepared in cooperation with a number of property owners who have drafted a bill seeking the liberalization of rental agreements within one year, conditioned upon the state providing subsidies for low-income tenants, through the surplus in revenues incurred from real estate taxes.
The Housing Committee aims to discuss the suggestions with the Ministry of Housing, Utilities, and Urban Communities to draft an official law.