The CEO of the Public Authority for Real Estate <The decision is based on the second paragraph of Article 8 of the provisions regulating the relationship between landlord and tenant, which stipulates that the notice period specified in the decision shall apply to the existing residential contracts when the regulation comes into force. According to the decision, the party wishing not to renew the lease contract must notify the other party 365 days before the end of the contract, according to the controls specified by the new regulation.
The decision is based on the second paragraph of Article 8 of the provisions regulating the regulation of the relationship between the lessor and the lessee. If the specified notice period is not met before the contract expiration date, the contract will be automatically extended for the period necessary to complete the notice period, so that this period starts from the date of sending the notice of non-renewal, ensuring compliance with the specified statutory period.
According to the decision, the party wishing not to renew the lease contract must notify the other party 365 days before the expiration of the contract, according to the rules set by the new regulation.
