rentals

The Tripoli Merchants Association and the Azmi Street Merchants Association and its branches appealed in a statement to the Speaker of Parliament, Nabih Berri, “the necessity of correcting the serious errors in the draft non-residential rental law that was recently approved in the House of Representatives, so that it is consistent with reality and with what our association has been demanding for decades and is fair to tenants and non-tenants.” “Unjust to the owners.”

The statement added: “For everyone whose memory has betrayed us, we remind you how much Tripoli has suffered and its commercial institutions and internal markets have suffered a lot, especially from the burden of the rounds of violence and fighting for six consecutive years from 2008 to 2014, and the financial and economic collapse that followed after October 17, 2019, through the repercussions of the Corona pandemic and the closures for a period of time.” Tawila is committed to declaring a state of emergency, in addition to the repercussions of the depositors’ crisis with the banks, which resulted in the seizure of the funds of fellow merchants, the collapse of purchasing power and the rise in the price of the dollar, and finally the major recession and contraction that the market movement has led to since the war on Gaza.”

He considered that “all these negative accumulations have put fellow traders on a collapse path due to the lack of liquidity, the absence of financing and the required resources, which puts them in a position of helplessness and makes it impossible for most of them to bear any additional financial burden or tax increases, and will inevitably cause more cessation of commercial activity and closures, so it has become It is a matter of fate: “to be or not to be”.

He continued: “If the legislator does not know that the situation of merchants has reached the bottom of the earth, then it is a disaster, and if he knows, then the disaster is greater, stressing that the volume of business in commercial institutions is constantly declining and traffic has decreased by 90 percent, so that sales (not profits) no longer cover the burdens and expenses.” The operational and commercial structure in Tripoli and other Lebanese regions has collapsed, and about 50 percent of the institutions and shops have closed, bankruptcies continue and continuity has become a miracle.”

Due to the current and catastrophic reality, the statement called for “the representatives to reconsider the law related to non-residential rents, especially the provisions that were recently approved by surprise, especially those related to implementation deadlines and drafting contracts, and that the landlord have the right alone to decide to remove the tenant from the rental property after two years if he waives.” The owner for the prescribed increases, in addition to our adherence to the value of the vacancy allowance, which represents the end-of-service compensation for the merchant. Yes, we ask them to show mercy to the commercial community that preserves its entity and destiny with living flesh, and out of concern for the continuity of sound national commercial activity, most of which represents the trade of children on behalf of fathers and grandfathers, and a contribution to restoring the movement. Natural economic and social stability in the country.

Source: “National News Agency”

2023-12-26 15:16:19
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