RENT (AMENDMENT) BILL, 2023

Summary

This Bill seeks to improve on the Rent Act 2014, by raising value specified for a low-cost rental premises such that it is in line with contemporary times as well as to enable the ordinary person afford to pay his or her rent monthly rather than face the burden of paying for six or more at any given time. The rate that rent is increased is also carefully considered so that both the tenants and landlords do not suffer, as a reasonable percentage will be allowed as annual increment of rent. This Bill has considered that the landlords provide a very valuable service and therefore the Bill seeks for the proper up keep of premises that tenants occupy for the period agreed by both parties