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Tag Archives: landlords

Fashola urges landlords to start collecting rents in arrears

rents

Mr. Babatunde Raji Fashola, the Minister of Power, Works and Housing, recently urged landlords in the country to start collecting rents in arrears, beginning from July 6, 2018. While making a presentation at an event for real estate operators in Abuja, on the topic, “Innovative housing finance model as a catalyst for home ownership,” Fashola noted that property owners across ...

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LASG reduces cost to trespassers of LASU land by 67%

LASU

The Lagos State Government says it has reduced the cost to trespassers of the Lagos State University (LASU) land at Ojo by 67 per cent. Gov. Akinwunmi Ambode, who was represented by the Deputy Governor, Dr. Idiat Adebule, made the disclosure at a stakeholders’ meeting on Thursday at Alausa, Ikeja. Ambode said that by the directive, trespassers were now to ...

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Confusion between Landlords and tenants over tenement rates payment

demolition

There seems to be confusion among residents of Warri following the introduction of “Residential Tenement Rates ” by the Warri South Local Government Council led by Hon. Michael Tidi. Tidi explained in a chat that there is “Commercial” and “Residential Tenement Rates” in places like Lagos State but he insisted that the payment is not for the tenants but for ...

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The Effect of Recession on Property Management Practice in Nigeria

Recession

Property management is an act of inter-mediation between owners and occupiers on issues affecting the parties arising from ownership and occupation of buildings. It is a conscious process of guiding and tailoring an investment in land into profitable venture. Its main concern is the optimization of the owners’ investment. On the other hand, an economy is said to be recessed ...

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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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Recession: What Landlords Should Know Before Renting!

landlords

Staying afloat or ahead of the pack in a hopelessly recessed economy can sometimes be likened to Daniel leaving the Lion’s den unscathed. We are in a time where apartments can remain unoccupied for months; a period when landlords should be up on their toes concerning their investment. This article highlights what landlords should know before renting. The times are ...

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5 Mistakes A First Time Home Buyer Can Make

first time home buyer

I don’t think there is any living soul on earth that won’t love the idea of being a first time home buyer, neither are there persons who won’t want to own their own house. If there is, the person is probably not living. Nonetheless, as exciting as the feeling of buying a house/home is so is it easy to make ...

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