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MoUDC to Draft Bill Regulating Rental Home Provision

The Ethiopian Ministry of Urban Development & Construction is planning to draft a law  that will regulate rental home provision, by private home owners and the government.

“The law will set minimum standards for living conditions in rented houses,” Mekuria Haile, the MoUDC’s minister, told Fortune.

Currently there are 600,000 families living in rented homes in cities, according to the ministry's estimate. Government housing provides shelter for 373,000 families the rest are accommodated by the private sector.

The Ministry is expecting  to table the draft bill to the Parliament in the coming Ethiopian Fiscal Year with two other bills– the real estate law and the draft law that penalize individuals unlawfully register to become homeowners.

Source: Fortune