YANGON — As rents in the commercial capital rise, the illegal but common practice of landlords demanding six months’ or even a year’s rent upfront is stretching Yangon’s residential and business tenants to breaking point. Mr Soe Win Maung runs a roadside Shan noodle shop and stays with his wife in the top-floor loft of […]
In Yangon, upfront rents stretch tenants, small businesses
February 15, 2017 by Thiha
Filed Under: Latest News Tagged With: a legal and business consultant, Assessment of Legal Affairs and Special Issues, business investment, landlords, low-income groups, lump-sum payments, Mr Ko Phone Kyaw, Mr Soe Win Maung, Mr Tin Than Oo, MRESA, MRESA secretary Moh Moh Aung, Rangoon Municipal Committee, Real estate sector, Real Estate Service Law, Rental market, Shan noodle shop, small businesses, The Myanmar Real Estate Services Association, The Urban Rent Control Act of 1960, Thura U Shwe Mann, time-consuming parliamentary procedures, travel agency, white-collar employee, Yangon
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