How Can Landlords Help Tenant’s Businesses Achieve Growth

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  Haruna Sentongo, the proprietor of Haruna Enterprises.

Small & Medium Enterprises (SMEs) largely depend one edgy capital and budgets and one of the nagging item on their budget is rent and payment for utilities like water, electricity bills. Many SMEs wish this cost can be forgone; however it is inevitable to doge these costs.

And in times of meagre profits business owners find a hard time surviving beyond their first year of existence. In the struggle to stay afloat, business owners are stretched by bills and in an attempt to survive they start allocating their expenditure to the most demanding issues like restocking and paying employees and taxes.

In the process they forget or forego to pay rent to the landlord. This causes rent arrears to pile up to irritating figures. When rent arrears pile, and with no money to settle the rental arrears, the landlord is left with one option, to get rid of the tenant. It can be this bad.

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Interior of haruna towers Ntinda that is a hub for business entities 

However, Haruna Sentongo, the proprietor of Haruna Enterprises, is a rare breed among landlord in Kampala. Sentongo, through Haruna Enterprises, is being generous enough and helping tenants at Segawa Market in Mengo – Kisenyi to achieve the much desired business growth. Segawa Market which is opposite the gate to Lubiri SS is the only market specializing in trading spare parts of automobiles.

He is offering new tenants three months free of rent as long as your book for office space or shop at Segawa Market. On top of giving you three months’ rent free, Haruna Enterprises as landlords are also paying for electricity, water, garbage disposal, security and free parking. This means that the tenant will not worry about paying for utility bills and can use the three months to settle in the storeyed market.

Ahmed Mukisa, a tenant, says this takes away stress associated with paying for bills routinely. Another tenants said it helps them save money and allocate it to do other things like paying taxes, paying wages or restocking the shop.

“This is the first place I am seeing this. It is good, paying for electricity is inconveniencing and stressing. I have been here for a long time but I have not paid for electricity and we have electricity all the time unless it is load shedding,” Ben Ntale, a trader at Segawa Market, explained.

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Segawa Market well organised for auto motor market 

Isaac Newton, the property manager of Segawa Market explained that they are offering the three promotional free months because they understand that when starting, business can be hard and challenging. “So we want our tenants to have a time to settle in and start making money,” he said.

Sentongo, the CEO of Haruna Enterprises said that they will continue to provide and respond to the needs of Ugandans noting that the future of Real Estates in Uganda is very bright considering the huge endowment of natural resources. “Haruna Enterprises is well poised to harness these opportunities with relentless drive and commitment it has taken to become the leading player in our various markets,” he said.

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