Furious Tenants Call for Injunction of New Rental Fee




Tenants of the Federal Housing Corporation called for the injunction of the new rental fee amendment its executives made a couple of weeks ago. 

They have also declared that they will be paying 71.50 Br a square meter rejecting the new rental fee of the Corporation – 509 Br a square meter – until the issue is resolved. 

Over 3,000 tenants met today at the Global Hotel and agreed on five points, including paying the rental fees with the proposed value, a fee the Corporation uses as a floor price during bids. 

They also called for the extension of the deadline they were given to renew rental agreements, call the Corporation to stop claiming tenants are paying a very low fee. They have also called for the draft of a new directive that will govern the tenants and the Corporation and the suspension of the new rental fee amendment until another assessment was made to set a new fee. 

“If our concerns aren’t addressed, we will shut our shops and go for a demonstration to the Office of the Prime Minister,” said Tilahun Altaye, member of the tenants’ committee. 

Two months ago the Corporation announced an average rental fee spike of 2,090pc, the first in the Corporation’s 43 years. The fee amendment was made on 6,128 commercial units.



Published on [


SHARE :
               


Editorial

With a reformist administration in charge of the executive, there has b...


Agenda

The new electricity tariffs that became effective on December 1, 2018,...


Fineline

Who it is that midwifed the rapprochement between E...


Commentary

Ethiopia’s economy is at a crossroads. The same old advice will not s...


Viewpoint

A recent photo between Prime Minister Abiy Ahmed (PhD) and George Soros...


Opinion

The future is bleak. Millennials and younger generations who will inher...


View From Arada

There is heated debate on the propriety, decency and morality of breast...




Business Indicators




ADVERTISEMENT



Editors Pick















//