The landlord was once a tenant before he became a home owner. Likewise a tenant can one day be a landlord; as the saying goes, nothing lasts forever. Owning a home is every Nigerian tenant’s real estate dream. The path to it may not be easy, but it will eventually be worth it. The security of owning the roof over ...
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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. ...
Read More »The Travails of a Lagos Tenant
Getting an accommodation in the city of excellence is never a walk in the park. In most cases a tenant in Lagos does pass through thick and thin to find shelter because of the competitive nature of the city which is the fastest growing city in Africa, with a population of over 21 million people. In this piece, Solomon Izuagie,a ...
Read More »Rent Control/Regulation of Property Values in Nigeria: Pain or Gain?
Since the supposed regulation of property values in Nigeria via the Rent Control and Recovery of Residential Premises (RCRRP) Edict in 1997, have Nigerians being the better for it or are they worse hit by it. Has the law really being effective or is it moribund? This article analyses the effect of rent control or regulation of property values in ...
Read More »5 Common First-time Landlord Mistakes to Avoid
Owning a rental property in Nigeria or anywhere else in the world doesn’t come easy, so if you are lucky enough to own one, you must guard your investment jealously. This article points out 5 common first-time landlord mistakes to avoid. Managing a rental property requires experience, knowledge or expertise, perseverance and of course good inter-personal skills and people management ...
Read More »The Challenges of Finding Accommodation in Lagos
Over the years Lagos has become home to every Tom, Dick and Harry which makes the city of excellence a real estate hotbed and as such a case of survival of the fittest for those in search of a place to call home. In this article, Lekan Linkin Lofinji examines the challenges of finding accommodation in Lagos. If you are ...
Read More »Lagos plans to review tenancy law
In what would serve as good news to a lot of Tenants and maybe some quarters of Landlords across the state, the Lagos State Government is planning tenancy law review in the state. The Lagos State Law Reform Commission has said that it has identified the need to review certain provisions of the existing Lagos State Tenancy Law of 2011 ...
Read More »Landlord seizes tenant’s pot of chicken soup for refusing to pay rent
“A landlord in Cameroon shocked many residents at the weekend when he reportedly grabbed one of his tenants’ freshly prepared pot of chicken soup over his refusal to pay rent. Reports say the tenant had been owing his landlord over six months rent. According to Cameroon-Concord, the incident took place at Bassa neighborhood in Douala, Cameroon. Efforts to placate the ...
Read More »The Dark Agents of Real Estate Business
Don’t be easily fooled by plenty talks, not every real estate agent or developer goes into the business of real estate having their client’s best interest at heart. This article turns searchlights on the dark agents of real estate business Real estate transactions involve the leasing, renting, buying or selling of property and is viewed as a very profitable venture. ...
Read More »5 Signs It’s Time You Break Up With Your Landlord
Do you know many tenants live in their rented apartments discontented, yet can’t show their landlords their discontentment? Well…it is normal to feel disconnected from what isn’t entirely yours. This article lists 5 signs it’s time to break up with your landlord. Just as it is with every relationship on earth, your landlord is usually all nice and dandy at ...
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