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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Understanding and managing conflict among residents of tenement buildings in Lagos
Though not every Lagosian can afford to live in self-contained apartments, Mini flats, 2 bedroom and 3 bedroom flats, but there’s always an option for those who can’t deal with the exorbitant price charged as rent by Lagos Landlords. In this article we address the presence of untold conflict amongst tenants who live in tenement buildings in Lagos. Low income ...
Read More »Recession: What Landlords Should Know Before Renting!
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 ...
Read More »Recession: landlords reduce rents, as many FCT apartments remain unoccupied
As a result of the present economic recessing facing the country, some house-owners in the Federal Capital Territory (FCT) have reduced their house rents so that people can afford the houses. NAN reports Many houses in the FCT have remained unoccupied as many people can no longer afford to pay rents due to the harsh economic situation. NAN checks revealed ...
Read More »5 Mistakes A First Time Home Buyer Can Make
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 ...
Read More »Landlords Don’t Remit Waste Management Bills – LAWMA
Olumuyiwa Adejokun who is the Executive Chairman of the Lagos Waste Management Authority (LAWMA) has said that Landlords in Lagos state do not remit bills paid by their tenants for waste management. In an interview with Punchng correspondent, he says residents should be fully involved in waste management by ensuring compliance with laws guiding waste disposal in the state. Read ...
Read More »“NIESV is not just an institute but an institution” – Femi Atoyebi
An Estate Surveyor and Valuer, a member and an associate in view of the National Institution of Estate surveyors and Valuers (NIESV), an associate member in the institute of strategic management of Nigeria (ISMN) whose background experience is spanning 8years in real estate and the Owner of Magnagate integrated Services, Mr. Femi Atoyebi, in an interview with Nigeria Real Estate ...
Read More »#ShelterMatters: Why do Landlords have issues with spinsters and bachelors?
There are issues going on around that you probably haven’t heard about just because you haven’t or didn’t have to pass that path in life. Our journey might be rough but not necessarily on same path. Now I am beginning to sound inspirational but that’s not the point. Today, I am considering why landlords have issues with spinsters and bachelors. ...
Read More »CBN to go after landlords collecting payment in dollars
In what has become a new trend in the nation since the devaluation of Naira, landlords and schools in various parts of the country have been demanding payment in dollars. And now, The Central Bank of Nigeria has frowned at the growing practice of trading goods and services in foreign currencies instead of the Naira in Nigeria. The Bank’s governor, ...
Read More »Interview with Jide Odelola; Vice President APICAN pt 3
NREH: Including people like Jide Taiwo? If he wishes. It’s just that in the country now, real estate agents have many associations. I spoke about ERCAAN earlier and there are so many others but after the stakeholders meeting, a lot of them now want to affiliate with APICAN and we are all working on having a common body. The people ...
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