In-Picture | May 12,2024
Apr 2 , 2024
Property owners will now be required to seek approval from authorities before raising rents, according to a bill Parliament legislated today. The law, which was quickly ushered through the legislative process, mandates that rent can only be increased once annually and enforces a minimum lease term of two years.
Property owners are compelled to give tenants a six-month notice prior to eviction.
The bill, spearheaded by the Ministry of Urban & Infrastructure in collaboration with the Prime Minister's Office, was presented to lawmakers by Minister Chaltu Sani and Tsegaye Mushe, the head of the housing department, along with Gedeon Temotheos (PhD), minister of Justice. The legislation, according to Gedeon, is a preventative measure against a looming housing crisis and grants regional authorities the power to impose higher property taxes — up to 25pc — on properties that have been vacant for more than a year.
The legislative change represents a significant intervention in the housing market by the government, with potential implications for the relationship between property owners and tenants. By introducing these regulations, authorities claim to prevent the exploitation of tenants and address the issue of housing affordability while attempting to keep the rental market stable.
Bill's authors argued that the law is needed to strike a balance between safeguarding tenants' rights and providing landlords with avenues for recourse under exceptional circumstances. The bill received overwhelming support in Parliament, ratified by 241 members with only three abstentions and no objections.
In-Picture | May 12,2024
Fortune News | Aug 21,2021
Editorial | Apr 09,2023
Advertorials | Sep 24,2024
View From Arada | Jun 28,2025
Fortune News | Apr 02,2022
Radar | Oct 23,2023
Year In Review | Jan 02,2024
Agenda | Jul 07,2024
News Analysis | May 04,2024
My Opinion | 131696 Views | Aug 14,2021
My Opinion | 128065 Views | Aug 21,2021
My Opinion | 126026 Views | Sep 10,2021
My Opinion | 123647 Views | Aug 07,2021
Jul 5 , 2025
Six years ago, Ethiopia was the darling of international liberal commentators. A year...
Jun 28 , 2025
Meseret Damtie, the assertive auditor general, has never been shy about naming names...
Jun 21 , 2025
A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...
Jun 14 , 2025
Yet again, the Horn of Africa is bracing for trouble. A region already frayed by wars...
Loading your updates...