hundreds month. 9. of thousands of rental units from individual landlords for 7-20 EGP per The Complainant claims that with the restrictions in place, it became impossible for landlords to increase rents or to sell the property, unless to the tenants and then for only a fraction of the market value, especially since the government imposed an extension of rental contracts for more than two generations (120 years). Landlords also cannot evacuate tenants in order to renovate the property or demolish it and rebuild another when the lifespan of the property comes to an end. 10. The Complainant submits that the regime forbade the evacuation of the units when the life of the property came to an end, when the landlord needed the units for his personal use, his children or relatives, or even for a pressing need. 11. The Complainant alleges that the restrictions imposed by the regime influenced the nonpayment of rents by tenants, notwithstanding the very low rents. Also, judicial proceedings to recover rents or force the defaulting tenants to quit the property became unduly prolonged and costly. 12. The Complainant avers that due to the very low revenue, landlords became unable to pay for maintenance and renovation of their property. Ironically, the Complainant avers, in case of structural damage, the landlords are obliged to pay for restoration or face juridical consequences including jail terms, when on their part they cannot even evacuate the tenants to effect restoration. As a consequence, the Complainant states, the majority of real estate properties are in a deteriorating state with over four hundred buildings collapsing every year, often resulting in the death of tenants. 13. The Complainant also alleges that due to the very low rents and difficulties to evict tenants, tenants have been able to remain in units with impunity, not paying their rents and even extorting exorbitant amounts from landlords to end the rental and vacate the premise. 14. The Complainant also submits that including three million units under moved to units that they were able rent payment; and five million units market because of the arbitrary laws. more than 16 million the Rent Control Law, to construct themselves left empty by landlords units now remain vacant, left empty by tenants who because of the savings on who refused to put it in the 15. The Complainant alleges that the whole regime is implicated in this corruption scheme, including executives, legislators, senior military and police officials, judges and their families, who rent millions of units for less than 1USD any changes in the law from which they are benefitting. 2|Page per month, and would prevent

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