Kinangop landlord Mr Munene waives Sh 228, 000 rent for his tenants due to coronavirus

Kinangop Landlord Mr Michael Munene waives rent for two months. PHOTO | RMS

As Kenyans urge the Government to do away with VAT and scrap water and electricity bills, a landlord from Nyandarua county has lifted two months rent to allow  tenants focus on quarantine and social distancing.


A landlord in Kinangop, Nyandarua County, has waived two months’ residential houses charges and commercial property rent for his tenants, saying he understands that due to the coronavirus pressure, the occupants could be facing a hard time raising the monthly accommodation fee.


Mr Michael Munene has revealed that the commercial properties he has are of two kinds: residential units and commercial units.


Mr Michael Munene charges Ksh3, 000 per unit for 28 residential allocations and Ksh5, 000 per unit for his six commercial stores. That means Munene earns Ksh84, 000 per month from the residential units, and Ksh30, 000 monthly from the commercial units.


In total, from monthly house rent, Munene takes home Ksh114, 000 for lending out his property. Assuming that the units are fully occupied, that would mean Munene has surrendered Ksh228, 000 in the sacrificed rent income.


Following Munene’s announcement Saturday, the tenants won’t pay rent for March and April 2020. The notice written in Kikuyu language announcing the decision, was plastered at the entrance of the one-storey commercial property.