1 bedroom Apartment block for sale in Munyonyo Kampala Uganda, code: 191518
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Apartment block
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This beautiful 6 unit apartment block for sale in Munyonyo is a great opportunity for the savvy investor looking to maximize their ROI. The block is situated on Gaba road and is in the highly developed neighborhood of Kampala District.
The property is built with a nice quality finishing and offers a spacious and modern kitchen, sitting room and dining area. The total monthly rent from the house is 1.5m, while the total collection per month is 9m.
The unit offers a variety of amenities, including a balcony, built-in wardrobes, ceramic tiles, lots of parking, a paved compound, a playground, a spacious compound, a store, a tiled roof, a walk-in closet, a wall fence, and a water tank.
The land tenure for the property is Mailo Land and the size of the land is 11 Decimals.
If you are interested in viewing this property, please do not hesitate to call us on 0705218332/0780983661 to arrange a viewing appointment. This is a great opportunity for the investor looking to maximize their ROI and should not be missed.
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SCAN QR CODE
191518
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WHAT EXACTLY HAPPENS NEXT AS SOON AS A TENANT FAILS TO PAY RENT IN UGANDA?
Being a landlord comes with its fair share of responsibilities, one of which is ensuring that tenants fulfill their financial obligations, particularly paying rent on time. In Uganda, landlords have legal recourse under the Landlord and Tenant Act when tenants fail to meet their rent obligations.
Understanding the steps involved in this process is crucial for landlords and tenants seeking a resolution to unpaid rent. In this situation, we will outline the necessary actions that a landlord can take when faced with a tenant who fails to pay rent, providing a short guide to navigating the legal system and recovering what is owed.
Serve a notice to pay rent. The landlord must serve the tenant with a notice to pay rent. The notice should be in writing and state the amount of rent owed and the due date for payment. The notice period will depend on the nature of the tenancy agreement, but it should be at least seven days if the tenant is on a periodic tenancy.
File a suit in court. I
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WHY IS REAL ESTATE IMPORTANT IN UGANDA'S ECONOMY?
Uganda, known as the Pearl of Africa, is a country of immense beauty, rich natural resources, and a rapidly growing economy. In recent years, real estate has emerged as a vital sector that plays a pivotal role in driving Uganda's economic growth. From providing shelter and employment opportunities to contributing to GDP and attracting foreign investment, real estate has become a key driver of Uganda's economic development. In this blog, we will explore why real estate is important in Uganda's economy.
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ENTER YOUR DETAILS BELOW AND MARGARET WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 191518
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