Hamis Kiggundu CEO and Director Ham Enterprises U Ltd has decided to write off all his tenants’ rental arrears. In addition, due to the negative impact of COVID-19 on to their businesses.
“Due to the downward Effect of COVID-19 on the entire Business Community in the Country at Large, We at Ham Enterprises U Ltd have taken a decision to write off all Outstanding Rental Arrears in Order to give our Tenants Ability to Regain Stability in their Businesses on all our Business Premises. FOR GOD AND MY COUNTRY,” he wrote.
“In reference to the current COVID-19 situation that has affected all our businesses. Management earlier on shared the loss and wrote off 2 months rental arrears. However, it has come to our notice that the majority of your businesses have greatly been affected by COVID-19 due to the closure of borders and reduced sales.
Management of Ham Enterprises U Ltd has taken an additional decision to reboot its rental system. In addition, by writing off all your outstanding rental arrears to Zero. Giving you a chance to regain stability in your businesses as our long time tenants.
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However, going forward starting with this month of September 2020 on word rent should always be paid not later than the 5th day of every month. So going forward we don’t expect tolerance of accumulation of rental arrears for your premises as management is going to be very strict on rent collections,” Ham Enterprises U Ltd mgt wrote.
COVID-19 has hit hard on business globally thus forcing many businesses close. In addition and other reducing on the number of employees.