The Ministry of Urban and Rural Development (MURD) is currently working to establish rent control boards as well as drafting a bill that speaks to today's rental market to address the current challenges in the market.
This was revealed after PDM MP Inna Hengari raised concerns regarding the surge in rent costs.
"Currently there is no law to empower the ministry to control the rental price. Hence, the need to establish the rent control board to address this issue. However, this task required a collective effort from all the stakeholders involved in the industry. There, I think I am covering what the doctor is concerned about. It should be noted that the rent control board alone will not have the significant reduction we want to see in rental prices, and rents are based on property value. According to the rent ordinance, ordinance number 13 of 1977, "reasonable rent is defined as rent that is not more than 9.5% per annum of the property value improvement," explained MURD's Deputy Minister, Evelyn !Nawases-Taeyele.