As many traders continue to beg their landlords and land ladies to forgive them their rent arrears for the months they spent in lockdown, Uganda’s youthful tycoon Hamis Kiggundu has written off all his tenants’ outstanding rental arrears to zero.
In a communique addressed to his tenants of Ham Enterprises Limited, Mr Kiggundu says the reason for writing off rent arrears is to give chance to his tenants to regain stability in their businesses after suffering losses when businesses were locked.
It should be remembered that management had earlier written off rent arrears for the months of April and March.
Ham said there was need to write off rent arrears for all the months the country was in lockdown if these tenants are to regain their stability.
“It has come to our attention that majority of your businesses have greatly been affected by COVID-19 due to closure of boarders and reduced sales,” he said.
He however noted that starting with September 2020, rent should always be paid not later than the third day of every month.
“So going forward,we don’t expect tolerance of accumulation of rental arrears for your premises as management is going to be very strict on rent collection,” reads the notice.