Letting

Are you searching for a serene and modern living experience in Lusaka, Zambia? Look no further than this newly built housing complex in Roma Park, a highly sought-after gated community located in Lusaka close enough to essentials yet far enough from the noise of the city. This upmarket project boasts well-planned greenery and is designed to offer comfort and relaxation to tenants and visitors. The...

Are you a landlord in Zambia? It's crucial to understand your tax obligations when it comes to rental income. Rental income is subject to taxation in Zambia, and compliance is essential to avoid penalties. In this comprehensive guide, we'll walk you through everything you need to know about rental income tax in Zambia. Understanding Rental Income Tax in Zambia: Rental income tax refers to the tax...

Determining the Ideal Rent Budget: Factors to Consider Deciding on the appropriate amount to spend on rent depends on various factors and personal lifestyle preferences. While there are no hard and fast rules, some general guidelines can help you make an informed decision. With high mortgage interest rates and construction costs in Zambia, it's no surprise that over 60 per cent of urban dwellers opt for...

Choosing the right mandate for your property is crucial, especially in a slow or downward market. With properties taking longer to sell or rent, working with the right agent and entering into the appropriate mandate agreement can significantly impact your property's success. When considering a mandate agreement, here are the types of mandates commonly available in the Zambian real estate market and their...

The rental price advertised for a rental property is known as the asking rental price. This amount may or may not include additional costs such as utility bills and taxes. Both tenants and property owners need to be aware of the tax obligations associated with rental properties, including withholding tax. If you are unfamiliar with these obligations, we recommend reading the article titled "Your Tax...

Prospective tenants approach the rental property search with specific criteria in mind. Understanding their preferences and needs is crucial during the tenant screening process. The more boxes your property ticks on their checklist, the higher the chances of securing a tenant quickly and maintaining a long-term tenancy. Here are some essential factors that prospective tenants consider when...

NOTE: 2022 Update here; 2022 Budget Changes on Rental Income Taxation Understanding and complying with tax obligations is crucial to avoid potential legal troubles. The Zambia Revenue Authority (ZRA) has been actively working to increase public awareness and compliance regarding various tax obligations, including the Withholding Tax on rental income. In this article, we will simplify the concept of...

Are you considering renting out your property? If so, there are a few essential things to keep in mind to ensure a swift rental process and secure a good price. Remember, it's not you who will be living in the house; it's your tenant. Therefore, it's crucial to make choices that prioritize durability, ease of cleaning, functionality, and longevity. Here are some valuable tips to enhance your rental...