President Yoweri Museveni has assented to a number of acts including Stamp duty (Amendment) Act, 2022, The Income Tax (Amendment) Act, 2022, The Value Added Tax (Amendment) Act, 2022 Landlord and Tenants Bill among others (PHOTO /Courtesy)
KAMPALA —Property mogul Sudhir Ruparelia has lauded President Museveni for signing the Landlord and Tenant Bill into law.
Speaker of Parliament Anita Among, this week confirmed that the President had assented to the Landlord and Tenants Bill 2021 after a meeting at State House in Entebbe.
Fellow Countrymen and Women, I am pleased to inform you that His Excellency President @KagutaMuseveni has assented to the following Acts,
1. Stamp duty (Amendment) Act, 20222.The Income Tax (Amendment) Act, 20223.The Value Added Tax (Amendment) Act, 2022. pic.twitter.com/4Z7XQ7shIA
— Anita Annet Among (@AnitahAmong) June 8, 2022
The Bill passed regulates the relationship between landlords and tenants, reforms and consolidates the law relating to letting of premises, provides for the responsibilities of landlords and tenants in respect to the letting of premises.
The landlords welcomed the new law saying it will streamline their relationship with tenants with each party aware of its responsibility.
Sudhir lauded President Museveni for signing the bill into law saying “it will finally bring sanity into the sector.”
“It will check landlords who were not respecting the law and their tenants. Most landlords do not give tenants agreements. We could be the only ones who have consistently given all our tenants agreements for more than 10 years,” Sudhir said.
“The law protects both tenants and landlords. The tenants will now know their rights. It will reduce the court cases between the two parties.”
The new law will also see a restriction of increment on rent being put to not more than 10 per cent annually.
The Bill makes it mandatory for all payments of rent to be transacted in local currency, a provision that came as a relief for several traders in Kampala who have stood a test of paying their monthly rent United States Dollars.
Although the landlords are happy with the provision of increasing rent by 10 per cent annually, they expressed concern over the provision that bars them from forcibly evicting tenants who fail to pay rent.
Parliament also passed a provision that the currency of transaction between landlord and tenant shall be in Uganda Shillings.
The new law will also see penalties for landlords who are found liable of unlawfully evicting their tenants. This conditions the landlord to compensate a tenant three months equivalent of rent dues.
Furthermore, the law proposes that a notice for increment of rent should be issued 60 days before its implementation.
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