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Tag Archives: monthly rent payment

The Pros and Cons of Paying Rent on a Monthly Basis (Short-term Lease)

Rent-to-own

In Nigeria, the most common type of rental agreement in today’s rental market is a fixed-term lease that can have a duration of a year or more depending on what is agreed upon between the landlord and tenant. This article analyses the pros and cons of paying rent on a monthly basis (short-term lease). Earlier this month, Punch reported that Nigerians may ...

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Would you like monthly rent payment or yearly rent payment?

Would you like monthly rent payment or yearly rent payment?

Last week Punch reported that Nigerians may start monthly rent payment going by the latest resolution between the federal and state governments on the matter. According to Punch, the clamour for the monthly payment of rent by clients in the housing sector received attention at the recently concluded sixth meeting of the National Council on Lands, Housing and Urban Development. ...

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Experts explain why monthly rent payment will not work

monthly rent payment

“Amid the decision of the National Council on Lands, Housing and Urban Development (NCLHUD) to impose monthly rent payment on Nigerians, experts have urged the governments to tackle the inherent problems inhibiting housing rather than delving into issues expected to heighten problems in the industry.”- The Guardian The experts, comprising estate surveyors and developers who  expressed divergent views say, the ...

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