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Tag Archives: rent

Nigerians hit by rent hike as vacancies dwindle

rent hike

These are not best of times for renters, as the number of available properties continue to drop by the day and rent surges owing to inflation in the real estate sector. A factor that has also led to higher mortgage rates and higher home prices, increase in rental rates, devaluation of long-term debt, as well as increase in the cost ...

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Court orders PDP to pay N105m in rent arrears

PDP

A High Court on Thursday ordered the Peoples Democratic Party (PDP) Bayelsa chapter, to pay N105 million outstanding rent to the owner of the building housing its state secretariat complex in Yenagoa. Delivering judgment, Justice T. I. Cocodia, granted the prayers of the landlord and former Council Chairman, Mr. Chubby Walson that he was entitled to payment of rent from ...

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Stakeholders reject proposed 10% tax on commercial rent in Lagos

stakeholders

Stakeholders in housing and real estate sectors in Lagos State, yesterday, appealed to the House of Assembly not to consider a proposed 10 per cent tax on commercial properties. The stakeholders made the appeal at a one-day public hearing on “A Bill for a Law to Regulate the Relationship of the Parties Under Tenancy Agreements and Specify the Procedure for ...

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University students to undergo eviction over rent default

University

Chief Rommy Ezeonwuka has threatened to evict students in the Oba Campus of Tansian University from the institution’s premises over the management’s refusal to pay an accumulated rent arising from the use of his property. Speaking through his lawyer, Mr. Anthony Nwankwo, in Oba on Wednesday, Ezeonwuka, the proprietor of Rojenny Games Village, urged the university’s management to abide by ...

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Tenants decry high cost of rent in Jigawa

Jigawa

Dutse, the Jigawa state capital has a population of 153,000 people according to 2006 Census, but despite the population size, the state capital is one of the cities in the country where tenants pay rents through the nose. Our reporter gathered that some of the factors contributing to the high rate of rent in Dutse, capital of Jigawa include shortage ...

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What’s the price of rent for a 3-bedroom apartment in your area?

3-bedroom apartment

Do you need to rent a 3-bedroom apartment and you don’t know the price range for different areas? This article is your best bet. It’s a known fact that apartments are valued based on the location, area and easy access to the city. That’s why we decided to carry out an anecdotal survey to guide people who are searching for ...

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How Landlords Can Keep Their Tenants Happy

Landlord

Majority of Nigerian tenants don’t believe the average Landlord can be nice and dandy or even have the tendency to be nice. This article talks about how landlords can go out of their way to be nice to their tenants. Honestly, I am tired of hearing tenants complain about their landlords. These days no one seems to have something good ...

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Can you allow your Mother-in-law pay your rent?

rent

RENT ISSUES – We’ve heard different stories of Mothers-in-law who victimises their Daughters-in-law. We then decided to carry out this anecdotal survey to compare the relationship that exists between Sons-in-law and their Mothers-in-law to know if it’s the same. The reactions we got are not so cool Please read below Gbenga Adene said, “No If I can afford it”. “May ...

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Expert urges youths to start building their own houses

youths

Mrs. Ibukun Adebayo-Adedayo, a financial adviser, has urged the youths to embrace the mortgage policy to own their homes early in life instead of paying rents for the better part of their lives. She explained that money spent on rent payment could be better channeled in mortgage finance in order to own a home and live a stable and accomplished ...

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When Your Best Friend Is Your Landlord

Landlord mistakes to avoid

Have you ever imagined a situation where your landlord is actually your best friend; be it childhood friend, buddy, colleague or even your ex-course mate? What are the advantages and implications of this sort of relationship? Find answers to the questions raised in this article Given that landlords wield so much power over their tenants, you’d think anyone who’s actually friends with ...

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