00:00New increase in old rent
00:01We'll tell you all the details
00:03What is the annual increase percentage that will be applied during the coming period?
00:07What are the new details in the old rent law?
00:09And this is something you need to know, whether you are the tenant or the owner.
00:13And what's the increase?
00:14We'll learn all the details in this video.
00:16The government is discussing the old rent issue.
00:18Which is witnessing developments as the state seeks to improve the relationship between the landlord and tenants
00:24That's why they're creating a new law that achieves a degree of justice.
00:28The new annual increase will be implemented starting next August.
00:33Annual increase: Former head of the housing committee reveals new law regarding old rent contracts
00:39There will be an annual increase of 15%
00:42It will be implemented starting next August.
00:45This comes one year after the implementation of the basic increases.
00:48We've talked about this before.
00:49This means there will be a 15% increase during August 2026
00:54There is a significant increase in rental value depending on the type of apartment and the type of person.
00:58The rental value of apartments has increased significantly.
01:01Damaging increases were determined according to the nature of the apartment.
01:04For budget or mid-range apartments
01:07The increase in it reached 10 times
01:09For luxury apartments or luxury areas
01:12Its rental value began to increase 20 times.
01:14A minimum monthly rent was also set.
01:17Which is 250 pounds for budget apartments
01:20And 400 pounds for average apartments
01:23And 1000 pounds for luxury apartments
01:25This is the minimum monthly rent.
01:26Regarding the transitional period, which extends to 7 years
01:30It begins in August 2025 and ends in August 2032.
01:35The rental value is increased gradually at a fixed annual rate.
01:39This quantity is increased on top of the updated quantity every year.
01:43The percentage and increase are based on the last rental value reached.
01:47Not on the original value
01:49This leads to a gradual increase in rent over time.
01:53We will also give you an example of what would happen if the rent after the adjustments was 6000 pounds.
01:58Applying a 15% annual increase
02:01He will raise it to £6,900 the following year.
02:04The relevant committee went down and took the executive measures according to the law.
02:08After the end of the first transitional period
02:10If you have any questions, please write them below the video.
02:13And don't forget to subscribe to the channel.
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