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The crumbling facade of the once-elegant Hasbini Building in Zarif mirrors the eroding foothold of longtime tenants in the capital and across the country, following the passing of the new rent law.The landlord of the Hasbini Building, Samir Hasbini, blames its dilapidated state on the lack of income from longtime renters. If the new rent law goes into effect, he says he would be able to invest in the building, although he admits that he would prefer to sell the land. The law in its current form would raise rents gradually over six years to 5 percent of the unit's market value, which would be decided by court-approved appraisers.Hasbini, who also lives in the building, says his support for the law has not affected his relationships with his neighbors and tenants, which he describe as "good". Reda Hamdan, a tenant who has lived in the building for 35 years, is fatalistic, declining to give an opinion on the new law. The rent law law was passed in early April and published in the Official Gazette on May 8 .Although it has been passed and published, the law cannot be implemented until the review is completed.
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