File - Landlords protest in support of the new rent law in Beirut, Wednesday, May 7, 2014. (The Daily Star/Mohammad Azakir)
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Landlords and tenants are waiting with bated breath as the Constitutional Council takes the next 10 days to review a controversial new law that would abolish rent control.Dozens of landlords gathered outside the Council Friday as lawyers representing tenants' interests arrived to submit a fresh challenge to the law, which is set to go into effect in six months after being republished in the Official Gazette last month. The law in its current form would raise rents over six years to 5 percent of the market value of the home, which would be determined by court-approved appraisers. Tenants fear the new law will put them out on the street.The Constitutional Council now has 10 days to review the constitutionality of the new law and deliver its ruling.
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