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100+ search results, Houses for rent and sale
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HOW TO EVICT A TENANT IN ACCORDANCE WITH THE LANDLORD AND TENANT ACT 2022.
Renting out property comes with its challenges, and there may be situations where a landlord needs to terminate a tenancy. However, it's crucial to adhere to the legal procedures outlined in The Landlord and Tenant Act 2022 to ensure a smooth and lawful eviction process. This blog aims to guide landlords through the legal steps involved in evicting a tenant in compliance with the Act.1. Vacation of Premises on Termination of Tenancy.When terminating a tenancy in accordance with The Landlord and Tenant Act 2022, it is essential for the landlord to provide the tenant with a notice of termination. This notice should specify the date by which the tenant is required to vacate the premises. The tenant must adhere to this specified date, or any other date mentioned for vacation in the notice.2. Unlawful Eviction of Tenant.The Landlord and Tenant Act 2022 strictly prohibits landlords from evicting tenants outside the provisions of the Act or the terms of the tenancy agreement. Any attempt to f
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A GUIDE TO BUYING COMMERCIAL PROPERTY IN UGANDA.
Uganda, known as the "Pearl of Africa," offers a diverse and thriving business landscape, making it an attractive destination for commercial property investments. Whether you are an entrepreneur looking to establish your own business or a seasoned investor seeking new opportunities, purchasing commercial property in Uganda can be a lucrative venture.
However, navigating the real estate market can be challenging. This guide aims to provide you with essential information and useful tips to help you make informed decisions when buying commercial property in Uganda.
Understand the Market: Before diving into any investment, it is crucial to conduct thorough research and understand the commercial property market in Uganda. Consider factors such as location, demand, rental yields, and market trends. The major cities of Kampala and Entebbe offer prime commercial spaces, but other emerging areas also present potential growth opportunities. Consulting with local real estate experts or prop
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BUY A HOUSE OR LAND AT YOUR OWN RISK.
While it is a dream for many to own a piece of property, the process is fraught with risks that could turn this dream into a nightmare. This blog is not intended to scare anyone away from purchasing a house or land but to point everyone in the right direction and guide them on how best to handle the buying process in a risk-free manner. The Recent Evictions: A Cautionary Tale.Recently, there have been numerous evictions of squatters from wetlands around the country, some of whom had land titles for the same land. This unfortunate situation highlights the importance of thorough due diligence before making any property purchase. It is a stark reminder that having a title deed does not always guarantee security if the land is not legally or environmentally suitable for habitation. The Importance of Vetted or Approved and Verified Real Estate Agents.One of the safest ways to buy a house or land is by using vetted, approved, or verified real estate agents, especially those from the Real Est
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WHAT JOMAYI'S COLLAPSE TEACHES US ABOUT REAL ESTATE.
The collapse of Jomayi Property Consultants Ltd, once Uganda's most prominent real estate company, serves as a cautionary tale for developers navigating the complexities of the industry. As the dust settles on Jomayi's demise, it's crucial for other developers to reflect on the factors that led to its downfall to safeguard their own ventures.Financial Prudence and Debt Management.At the heart of Jomayi's downfall lies financial mismanagement and debt accumulation. The company's inability to honor its financial obligations, particularly to NC Bank, ultimately led to its insolvency. Despite entering into agreements and consent judgments, Jomayi failed to adhere to payment schedules, triggering legal action and liquidation proceedings. For real estate developers, this underscores the importance of prudent financial management, including disciplined debt repayment and meticulous cash flow forecasting.Risk Mitigation and Diversification.Jomayi's overreliance on specific assets, such as the
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HAVE YOU EVER HEARD ABOUT VERNACULAR ARCHITECTURE?
I recently came across a post on social media talking about "Vernacular Architecture," and I must admit, I was quickly impressed by the pictures I saw on the post. They were unique and yet undeniably attractive. This newfound fascination prompted me to explore more regarding what the phrase "Vernacular Architecture" means and where it comes from, or how it's defined.
It's intriguing how perspectives change over time. I recall that in my primary school days, we used to be cautioned against speaking vernacular languages while on the school campus, with the fear of repercussions. However, now, Vernacular Architecture is being celebrated by communities all over the world as trendy.
This intriguing shift from reprimand to reverence got me thinking about the deep-rooted significance of vernacular architecture. So, join me on this journey as we delve into the captivating world of Vernacular Architecture, where tradition meets innovation, and where the buildings themselves tell stories of cu
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EMPOWERING COOPERATION AMONG REAL ESTATE AGENTS USING THE REAL ESTATE DÁTABASE (RED).
In the world of real estate, collaboration and teamwork are crucial for success. Real estate agents often work together to serve their clients' needs and expand their market reach. However, managing multiple listings and coordinating efforts can be challenging, especially when agents belong to different companies.
Enter the Real Estate Database (RED), a revolutionary platform that empowers real estate agents to collaborate seamlessly by sharing one RED account. In this blog post, we will explore how RED facilitates cooperation among agents, streamlines communication, and enhances efficiency in the industry.
Streamlined Collaboration: With RED, multiple agents can share a single account, regardless of whether they belong to the same company or not. This unique feature breaks down barriers and enables real estate professionals to collaborate effortlessly. Agents can pool their resources, combine their listings, and present a diverse portfolio to potential buyers or renters. This
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ALL RED SUBSCRIBERS ARE INDIRECTLY BOUND BY AREA’S CODE OF CONDUCT.
Professional conduct and ethical behavior are paramount in the world of real estate. To ensure a high standard of professionalism and maintain public trust, real estate professionals often align themselves with associations or organizations and online platforms that uphold these ethical values.
One such organization is the Association of Real Estate Agents - AREA. Membership in AREA carries with it a commitment to adhere to a specific code of conduct, and this commitment indirectly extends to all subscribers of the RED by virtue of its membership to AREA as outlined below.The Connection: RED and AREA.
The RED, as a real estate platform, derives its membership with AREA through its parent company, Zillion Technologies Ltd, which is an existing AREA member. This affiliation holds more significance than mere formality; it carries substantial responsibilities. As a result of this affiliation, the RED is inherently bound by AREA's code of conduct, an extension of which app
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HOW TO SEE THE LATEST HOMES ON THE UGANDAN MARKET BEFORE ANYONE ELSÈ DOES.
Whether you're a first-time homebuyer, an investor, or someone looking to upgrade their living space, staying ahead of the curve is crucial. Fortunately, technology has made it easier than ever to be the first in line for your dream home. In this blog post, we'll explore how you can get a competitive edge by using the Real Estate Database (RED) App, available on the Google Play Store.What Exactly is The RED App.The RED App is a game-changer for anyone in the Ugandan real estate market. It's a powerful tool that puts the latest property information at your fingertips, allowing you to be among the first to discover new homes as soon as they hit the market. Here's a step-by-step guide on how to make the most of this innovative app.1. Download and Install.Start by heading to the Google Play Store on your Android device. Search for the Real Estate Database App and download it to your smartphone or tablet. The app is user-friendly and doesn't require any special technical skills.2. User Regi
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A LANDLORD WILL ONLY BE YOUR FRIÈND IF YOU ARE PAYING RENT.
When it comes to renting, the relationship between a landlord and tenant is often painted in broad strokes of black and white. However, the dynamics of this relationship are nuanced, and understanding both sides is crucial for fostering mutual respect and cooperation. One fundamental aspect that stands out is the notion that a landlord will only be your friend if you are paying rent. While this might seem harsh, it highlights a fundamental truth about the business of renting properties. The Reality of the Landlord's Role.Landlords, like anyone running a business, rely on income to sustain their investments and livelihoods. Rent is a primary source of income for landlords, akin to sales revenue for a business owner or a salary for an employee. When tenants fail to pay rent on time, it disrupts the landlord's financial stability and can lead to a cascade of problems, from maintaining the property to covering mortgage payments and other expenses. The Perception of Strict Landlords.It's of
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