Harare City Council is set to hike rentals for businesses renting its buildings effective 1 July 2020.
In a statement, Harare Town Clerk Hosiah Chisango said the move has been taken in response to the hyperinflationary environment currently obtaining in the country. The statement read:
The City Of Harare wishes to advise all its valued tenants who are occupying Municipal owned and lease land as well as built-up premises that it is in the process of reviewing rentals effective from 1st of July 2020.
This is in response to the serious hyperinflationary environment currently obtaining in the country.
Our clients should be prepared for upward reviews to keep in tandem with inflation.
Tenants are further advised that to ensure that lease agreements are updated all times and that rental arrears do not accrue on their accounts since this will result in the immediate termination of agreements with no further reference to them.
For those with queries on the above state matter, they should visit the City Valuer and Estates Manager’s Office No.142 on the 1st Floor, Rowan Martin Building, Harare, for assistance.