‘Asafuna Atuluke’: Malawi Housing Rentals Hike Intact-To Be Effective September 1st
Tenants in the Malawi Housing Corporation (MHC) units should expect to dig deeper in their pockets from September 1 as the corporation has announced that it will implement new house rentals nationwide.
MHC said in a statement that it undertook an enquiry into the raise of rentals for its houses following the direction given by Ministry f Lands, Housing and Urban Development on the issues.
“The chief executive office under the direction of the board has now completed the enquiry and has discussed the outcome with the Ministry f Lands, Housing and Urban Development that the proposed rental adjustment should be staggered,” reads the statement in part.
MHC said it resolved to ensure a balance that would see the rentals being affordable to the tenant while the corporation continues to invest and maintain its properties as well as expanding its stock.