
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.
Commentaries | Jun 21,2025
Fortune News | Nov 24,2024
Agenda | Nov 09,2024
View From Arada | Nov 11,2023
Radar | Oct 22,2022
Commentaries | Jan 15,2022
Fortune News | Aug 06,2022
Fortune News | Jan 13,2024
Fortune News | Mar 16,2024
Fortune News | Jun 29,2025
My Opinion | 131674 Views | Aug 14,2021
My Opinion | 128043 Views | Aug 21,2021
My Opinion | 126002 Views | Sep 10,2021
My Opinion | 123625 Views | Aug 07,2021
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...
Jun 7 , 2025
Few promises shine brighter in Addis Abeba than the pledge of a roof for every family...