Parliament Speaker Nabih Berri heads a Parliament session in Beirut, Tuesday, April 15, 2014. (The Daily Star/Hasan Shaaban)
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Parliament's Administration and Justice Committee finalized its reconsideration of a new controversial rent law Monday, introducing several amendments aimed at satisfying longtime tenants.The law was endorsed by Parliament last April and went into effect in December.The payment of the new rent would continue to happen gradually over six years and rent will be liberalized following the ninth year.These tenants pay minimal rent fees that often amount to less than LL1,000,000 a year and are protected from rent hikes.Another amendment introduced by the committee would make longtime tenants whose salaries are up to five times the minimum wage have their rent liberated after the 12th rather than ninth year. Under the proposed amendments, the fund would pay the increase in rent for tenants whose salaries are less than three times the minimum wage and 80 percent of the increase for those whose salaries range between three and five times the minimum wage.
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