The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | As parliament warms up to legislate about the Landlord-tenant Bill, the Association of Real Estate Uganda says it is not against the bill but wants one that is fair to all parties.
Speaking at a workshop in Kampala in which over 50 members took part on April 27, Vincent Agaba, the former president of AREA said they need a law that clearly separates commercial and residential buildings in terms of regulation and monitoring.
They also said that payment of rent in foreign currency should be popularised in the bill since the economy of Uganda largely transacts in dollars.
They also said that government should put in place a seed fund to support players in acquiring cheap financing in the sector that currently contributes 5% to GDP.
They also want the bill to put in place mechanisms to ensure that brokers and landlords do not connive to cheat tenants.
The Landlord and Tenant Bill is being designed in Parliament to regulate, formalize the real estate sector that is currently embroiled in confusion due to lack of clear and strong legal framework.
Chris Baryomunsi, the State Minister for Housing said the association’s views will be incorporated in the Bill.
