Tafta residents upset by 10% rental hikes during lockdown

  • 📰 IOL
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Property Property Headlines News

Tafta residents upset by 10% rental hikes during lockdown | DailyNewsSA Day27ofLockdown

“We’ll probably be able to make the payments but it’s still not right. It’s just the timing. It makes it awkward for all of us. You can’t even do anything at this time,” he said.

Tafta chief executive Femada Shamam said reports of the increases were correct. She said Tafta implemented rent increases in May, a month after the start of the financial year.“We've received some requests for relief from the increases and we're exploring options. One would be to enlist community financial support. If such support is forthcoming, this can be passed along to the residents.”

“The anomalies were due to a number of historic imbalances in rental charges we're seeking to redress through a phased approach in the current and forthcoming financial years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in PROPERTY

Property Property Latest News, Property Property Headlines