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Tag Archives: landlords

Landlords demand N.5billion from Ogun Govt


Some aggrieved landlords in Ogun State, who are still awaiting compensation four years after the demolition of their buildings under former Governor Ibikunle Amosun for road construction, have appealed to Governor Dapo Abiodun to pay the money, which they claimed is over N500million. Newsmen learnt that the landlords, who spoke under the auspices of Yakoyo-Odozi-Ojodu landlords Association in Ifo South ...

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What are the importance of social housing?

social housing

Social housing gives people a home. It’s cheaper to rent than privately rented housing and usually provides a long-term tenancy, giving renters the chance to put down roots. Social landlords tend to be councils or housing associations. The Nigeria National Housing Policy defines ‘Housing’ as the process of providing functional shelter in a proper setting in a neighborhood, supported by ...

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5 Rental Mistakes That Could Make You Lose Your Property

Rental Mistakes

Real estate rental investing seems so easy; passive income, property appreciation, tax benefits and more but people often makes some serious rental mistakes. The reality of life as a landlord isn’t so rosy. It’s hard work. It takes time, research and careful study to understand the business. It’s far easier to lose money on rental property than to make money. ...

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LASBCA embarks on public sensitisation, serves 145 notices to homeowners


The Lagos State Building Control Agency (LASBCA) has embarked on public sensitisation to inform residents that all buildings in the state must have valid building approval plan. Mr. Olalekan Shodehinde, the General Manager, LASBCA, made this known at a sensitisation through the Lagos metropolis of Yaba, Tejuosho and Oyingbo area of the state. Shodehinde said that almost all the structures ...

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EEDC persuades landlords to ensure out-going tenants clear electricity bills

electricity bills

The Enugu Electricity Distribution Company has appealed to landlords, caretakers and agents of property to ensure that their out-going tenants clear all electricity bills before leaving the house. EEDC Head of Communication, Mr. Emeka Ezeh, made the appeal while speaking to a correspondent in Enugu on Tuesday. Ezeh noted that the appeal became necessary as some tenants had made it ...

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Fashola urges landlords to start collecting rents in arrears


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%


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


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


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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