The rent increase ceiling in Addis Ababa was decided to be 11.5%; Contract renewal registration will also be held from today, July 1. Addis Ababa city administration continues to take great steps to reduce the living pressure of the citizens and to stop the illegal and arbitrary practices in the rental market. According to the previous rent control decree, the housing development and management office announced that the annual increase of fair rent for the 2019 fiscal year has been approved as 11.5%. Following this, the new lease renewal registration of the landlord-tenant of private residences throughout the city will be officially implemented from today, July 1, 2018 in all sub-district housing management offices. According to the office, this price adjustment decision was not determined arbitrarily, but was prepared in a way that took into account the true ability of the resident to pay after a wide scientific study was conducted by the city. On the one hand, this procedure ensures that landlords get a fair income that takes into account the season and the economic situation; On the other hand, by paying rent commensurate with their income, tenants are saved from frequent evictions and psychological risks and lead a stable life. The office confirmed that the decision has significant social, economic and good governance benefits in reducing the cost of living in the city. We ensure mutual benefit by managing the landlord-tenant relationship within the legal framework!!