Landlords don’t just collect rent checks. Successful landlords must understand the law, negotiate different personalities, and adapt to various problems that can pop up at any time. Here are six things every potential landlord should consider before taking a launch. Being a landlord is not a 9 to 5 job structure Landlords don’t punch time clocks and work regular hours. ...
Read More »Tag Archives: tenants
Tenants decry high cost of rent in 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 ...
Read More »Four tenants arraigned for allegedly selling landlord’s corpse, property
The three accused men and a woman are – Silifatu Abisile, 60; Jimoh Abisile, 52; Gbade Bakare, 56; and Isaiah Bakare, 45. Four tenants, who allegedly exhumed the corpse of their landlord before selling his property were on Monday brought in a Yaba Chief Magistrates’ Court in Lagos. The three accused men and a woman are – Silifatu Abisile, 60; ...
Read More »What You Should Know Before Renting Out Your Property
Owning a rental property in Nigeria sounds like a great idea, doesn’t it? You buy a property in a nice area, find tenants and let the cash flow. However, there are some matters you have to consider before owning a rental property. Below are a few pros and cons related to owning a rental property. The PROS of owning a ...
Read More »EEDC persuades landlords to ensure out-going tenants clear 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 ...
Read More »Why do some Lagos Landlords avoid renting their houses to Igbo tenants?
This topic: Why do some Lagos Landlords avoid renting their houses to Igbo tenants? created a buzz on social media most especially among the Yorubas and Igbo folks. The Yorubas seem to have a history of bad experience(s) from renting their houses to the Igbo folks while the Igbos, on the other hand, feel maltreated by this generalization. How did they come ...
Read More »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 ...
Read More »Court sentences developer to 2,670years imprisonment for defrauding 133 tenants
An Ebute-Meta Chief Magistrates’ Court, Lagos, has sentenced a property developer, Alhaji Ayobami Oseni, to 2,670 years imprisonment for duping 133 accommodation seekers of N25 million. Chief Magistrate O. O. Olatunji convicted Oseni following his plea of guilty to 267 counts of conspiracy, obtaining under false pretenses and stealing. He sentenced Oseni to 10 years imprisonment with no option of ...
Read More »Are Tenants Now Haunting Landlords?
There was a time when the word landlord sent chills down the spines of erring tenants; the days of old when an eviction notice was like a death penalty. Albeit what is obtainable these days is that tenants now believe they have equal footing with their landlords, they can even go on to call their bluffs and possibly commit arson. ...
Read More »Five Basic Tips For Investing In Real Estate
If you’re just beginning to invest in real estate, you’ll find that there’s a lot to learn. In this article, we share five basic tips for investing in real estate. Real estate investing is more complicated than investing in stocks because of the financial, legal, and extensive due diligence requirements involved. That’s why it’s a good idea to give yourself ...
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