Real estate industry get shake-up in Nacala-Porto, Mozambique
Folha de Maputo (File photo) / A view of Maputo
The Mozambican government yesterday approved the revision of Mozambique’s leasing laws, with the aim of adapting them to current social and economic dynamics and better complying with legislation in force.
Speaking after a cabinet meeting yesterday, spokesman Mouzinho Saíde said that the law would reform the rules on the sale of real estate of the state and remove various legal inconsistencies.
Deputy Minister of Health Saíde explained that the document, still to be submitted to the Assembly of the Republic, will bolster mechanisms for the payment of fees to the Administration of the State Property (APIE) by sellers of real estate, and warned that estate agents and their clients would be penalized if they failed to comply.
“In the case of commercial activity, the rules by which the property was disposed of must also be obeyed. There are some duties that are reinforced. For example, there are those who do not pay income to the APIE; they can be sanctioned. If they are repeat offenders, there may be termination of the contract,” Saíde said.
He added that the revision of the leasing laws would ensure speedier disposal of state properties.
“The process of alienation of real estate has already begun for some time, but there are still several properties that are not alienated in the country,” he said. The revision would create mechanisms to facilitate alienation, as well as guaranteeing tenants’ responsibility regarding the use of the property.Source: Folha de Maputo
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