Landlords protest in support of the new rent law in Beirut, Wednesday, May 7, 2014. (The Daily Star/Mohammad Azakir)
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Despite looming legal challenges for the new rent law, the bill was republished in the Official Gazette this week, leaving landlords rejoicing at their victory in a lengthy battle with longtime tenants.However, with Thursday's new printing, the law will go into effect within six months, barring any further challenges.According to the new law, tenants under pre-1992 rental contracts will face rent increases in yearly increments over a six-year period, until annual rents reach 5 percent of the current market value of the house. According to Berjawi, Lebanese law currently allows for a landlord to take back property at any time after paying a 30 percent compensation fee to the tenants, however, under the new law rent contracts will be terminated after a nine year period, meaning tenants could be asked to abandon the property without receiving any compensation.
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