Businesses in Uganda, like it is the world over, have been battered by the coronavirus (COVID-19) pandemic and are looking at ways they can wake up from the economic death the virus put them.
The real estate sector was not spared. Many tenants have had to close their businesses and operation. Some are struggling or unable to meet their rent bills and are calling on property owners to be lenient when demanding for rent arrears.
Well aware of the complicated economic situation affecting trade, some landlords are working out a win-win situation where they can help tenants afford to let their property premises. They are offering discounts and other offers.
Crane Management Services (CMS), the real estate arm of Ruparelia Group of Companies, is one such landlord who understands the economic hardships Ugandans are going through due to the COVID-19 crisis.
The company managing arcades, warehouses, apartments and other commercial properties has decided to put up an offer for any person who wants to rent office space on their Market Plaza commercial building.
Market Plaza, located Market Street within the heart of Kampala city, has 250 shops, 110 offices and a wide parking space to accommodate over 100 cars.
This offer comes at a time when traders in Kampala are having a push and pull relationship with their landlords over rent arrears. After almost five months under COVID19 lockdown, many traders are short of money to afford the rent bill.
Therefore, discounts and offers as such that Crane Management Services if offering come handy for both the landlord and tenant. While the tenant wants a place to put his or her busines, the landlord also is in need of tenants.