Uganda has allowed landlords to charge rent in dollars and other foreign currency.
This comes days before the proposed Landlords-Tenants Bill, 2018 is tabled in parliament.
Local Ugandan media reported that the country’s Ministry of Lands has been instructed to remove the proposed ban on charging rent in foreign currency from the draft Bill before it is sent to Parliament for further scrutiny.
The country’s Housing Minister Dr Chris Baryomunsi said, “Our proposal is that the unit of transaction in the payment of rent is Uganda Shillings but we are also saying, the issue of foreign currency should be mutually agreed between the landlord and the tenant benchmarked on the actual amount in our currency.”
After the landlords dismissed the proposed Bill as “a recipe for disaster”, cabinet according to sources, asked Housing Minister Dr Chris Baryomunsi to start listening to the concerned stakeholders to get their views before the Bill is tabled.
On April 9, Cabinet approved the principles of the Bill, with core objectives of defining the duties and responsibilities of landlords and tenants.
Kampala City Traders Association (KACITA) spokesperson Issa Ssekitto said the Bill has been long overdue and needed to be quickly expedited to save tenants from being harassed by landlords.