• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Lifestyle
Parliament; Tenants to pay rent in local currency

Parliament; Tenants to pay rent in local currency

June 28, 2019
Essential personal information to safeguard: Protect yourself from digital fraud

Essential personal information to safeguard: Protect yourself from digital fraud

May 31, 2023
MTN Uganda takes a stand against digital fraud

MTN Uganda takes a stand against digital fraud

May 31, 2023
Next Media CEO emphasises integrity and accountability in news delivery

Next Media CEO emphasises integrity and accountability in news delivery

May 31, 2023
Bismac Amumpaire recognised for travel and cultural journalism

Bismac Amumpaire recognised for travel and cultural journalism

May 31, 2023
Next financial year budget to prioritise wealth creation, full monetisation of economy

Next financial year budget to prioritise wealth creation, full monetisation of economy

May 31, 2023
Lukwago threatens to chase away town clerks for being redundant

Lukwago threatens to chase away town clerks for being redundant

May 31, 2023
Opinion: Massive Dangote refinery in Lagos commissioned

Opinion: Massive Dangote refinery in Lagos commissioned

May 31, 2023
GNL Zamba to Pallaso, Alien Skin: We lost our Mowzey Radio to fights, we should learn

GNL Zamba to Pallaso, Alien Skin: We lost our Mowzey Radio to fights, we should learn

May 31, 2023
Museveni: Nobody should be asked to pay back the Emyooga money before 12 months

Museveni: Nobody should be asked to pay back the Emyooga money before 12 months

May 31, 2023
Government targets 1.6 million people in Yellow Fever vaccination drive in West Nile

Yellow Fever vaccination to begin in June

May 31, 2023
Logo
  • News
    • Politics
    • Business
    • 2021 Elections Watch
      • The Election Podcast
    • Exclusive
    • Investigations
  • Education
  • Security
    • Cyber Security
  • Health
    • Coronavirus outbreak
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • Mable Twegumye Zake’s #BitsOfMe&You
      • But this Year!
      • What Did I Miss?
  • Lifestyle
    • Hatmahz Kitchen
    • Food Hub
    • Let’s Talk About Sex
    • Entertainment
    • Tour & Travel
    • Love Therapist
    • Homes
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • Tanzania
    • South Sudan
    • DR Congo
    • Ethiopia
    • Sudan
  • Technology
  • Ask the Mechanic
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs
No Result
View All Result
Logo
No Result
View All Result
Home News

Parliament; Tenants to pay rent in local currency

Jonah Kirabo by Jonah Kirabo
June 28, 2019
in News
Reading Time: 2 mins read
0
Parliament; Tenants to pay rent in local currency

The Landlord and Tenant Bill 2018 was on Wednesday evening passed by Parliament, making it mandatory for all rent payments to be made in local currency.

Earlier this week, the Bill attracted mixed reactions among MPs, with a good number of them arguing that terms relating to the payment of rent should be agreed upon between the land lord and tenants. Speaker Rebecca Kadaga adjourned the house to Wednesday when all the clauses of the Bill had to be considered.

Among the Clauses, the one that attracted more reactions was the Clause 23 (3) which was seeking to making it open for landlords to charge either in dollars or local currency.

State Minister of Finance in Charge of General Duties Gabriel Ajedra, insisted that this should be maintained to cater for a number of landlords who mortgage their properties in banks to get loans in dollars.

He was backed by the chairperson of Physical Infrastructure Committee and MP for Nakifuma County, Kafeero Sekitoleko, saying that Uganda is a liberalised economy and this should be left to the landlords.

” Uganda is a liberalised economy. We should not limit landlords,” Sekitoleko said in part.

Other MPs however rubbished the statement saying that payment of rent in dollars has caused more harm than good to Uganda’s economy.

Mohammed Nsereko, the Kampala Central legislator argued that landlords should go and buy foreign currency at forex bureaus in case they need them.

Clause 27 (1) of the Bill also trigger reactions. This sought to stop landlords from increasing rent by more than 10% annually and even when an increase is going to be made, tenants should get at least a three months notice.

Sekitoleko said that limiting the increase of rent will limit the landlords who make revamps on their premises to increase rent.

” Limiting or putting a cap on the rent while limit people who redevelop their premises to increase rent. We should leave this to market forces,” Sekitooleko said.

Betty Among, the Minister of lands said that at least we need a percentage because arbitrary increase is killing the tenants.

It was passed that a landlord will not increase rent for more than 10% of true initial figure in a year.

Tags: charge in local currencyDollarslandlordsUgandanews
ShareTweetSend
Previous Post

Female MPs cry out to Kadaga over sexual harassment

Next Post

Gazelles zoned out again in loss against Egypt at FIBA Zone V championship

Jonah Kirabo

Jonah Kirabo

Related Posts

MTN Uganda takes a stand against digital fraud

MTN Uganda takes a stand against digital fraud

by Elizabeth Tendo
May 31, 2023
0

Ugandans are being urged to be vigilant with their mobile money pins to safeguard themselves against digital fraudsters. A significant...

Next Media CEO emphasises integrity and accountability in news delivery

Next Media CEO emphasises integrity and accountability in news delivery

by Elizabeth Tendo
May 31, 2023
0

Today, Kin Kariisa, the Group CEO of Next Media, addressed the Naguru-based multimedia house’s newsroom and content department teams to...

Next financial year budget to prioritise wealth creation, full monetisation of economy

Next financial year budget to prioritise wealth creation, full monetisation of economy

by Muhamadi Matovu
May 31, 2023
0

Government has said it expects Uganda’s Gross Domestic Product (GDP) to expand up to Shs 206.54 trillion by the end...

Lukwago threatens to chase away town clerks for being redundant

Lukwago threatens to chase away town clerks for being redundant

by Muhamadi Matovu
May 31, 2023
0

Kampala Lord Mayor Erias Lukwago has called for the sacking of town clerks, saying that at the moment they are...

Next Post
Gazelles zoned out again in loss against Egypt at FIBA Zone V championship

Gazelles zoned out again in loss against Egypt at FIBA Zone V championship

ADVERTISEMENT
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Essential personal information to safeguard: Protect yourself from digital fraud

Essential personal information to safeguard: Protect yourself from digital fraud

May 31, 2023
MTN Uganda takes a stand against digital fraud

MTN Uganda takes a stand against digital fraud

May 31, 2023
Next Media CEO emphasises integrity and accountability in news delivery

Next Media CEO emphasises integrity and accountability in news delivery

May 31, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Careers
Call us: +256-417-720-101
Email: [email protected]

© 2020 Nile Post Uganda Ltd. - A Next Media Services Company.

No Result
View All Result
  • News
    • Politics
    • Business
    • 2021 Elections Watch
      • The Election Podcast
    • Exclusive
    • Investigations
  • Education
  • Security
    • Cyber Security
  • Health
    • Coronavirus outbreak
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • Mable Twegumye Zake’s #BitsOfMe&You
      • But this Year!
      • What Did I Miss?
  • Lifestyle
    • Hatmahz Kitchen
    • Food Hub
    • Let’s Talk About Sex
    • Entertainment
    • Tour & Travel
    • Love Therapist
    • Homes
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • Tanzania
    • South Sudan
    • DR Congo
    • Ethiopia
    • Sudan
  • Technology
  • Ask the Mechanic
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs

© 2020 Nile Post Uganda Ltd. - A Next Media Services Company.