Landlords Demanding Foreign Currency Warned

Property owners have been slammed for demanding rentals in foreign currency as this is considered daylight robbery.

Harare Residents Trust (HRT) director Mr Precious Shumba opined that it is a tragedy for landlords to demand rent in foreign currency considering that it is scarce and costly to find. Said Shumba:

The residents have told us that a lot of property owners are demanding monthly rentals in US dollars.

The tragedy of making this demand on lodgers or tenants is that we are all living under the same socio-economic environment where the US Dollar is scarce and costly to find.

Shumba added that tenants should demand to be given three months notice of the changes as well. He added:

The HRT urges all tenants to demand lease agreements where the property owner must specify that they want their monthly rentals in US dollars.

They must give three months’ notice of that intended change, and they must enter into a lease agreement to reflect the new changes.

Tenants must be aware of their rights, and they must make them known whenever they are threatened.

Rosemary Siyachitema, executive director of the Consumer Council of Zimbabwe, said that landlords should be careful because they may end up having no tenants at all.

More: The Herald

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