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Tag Archives: tenants

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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Bad Market – Episode 8

Bad Market - Episode 10

There was so much noise emanating from the premises of the hostel at Onike, Yaba when we arrived. I immediately parked the car just in front of the gate since the hostel had no parking space. Dad did not even wait for me to turn off the engine when he alighted from the car and tarried into the compound and ...

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Who do you think should do house repairs: landlord or tenant?

60 abandoned Nigerian Government buildings In Lagos turn criminal hideouts

A lot of questions have been raised in time past as regards house repairs. In fact, this has generated a lot of argument. Both tenants and landlords constantly feel cheated because either feel they are being forced to pay for house repairs supposed to be handled by the other. We asked people on Facebook to air their opinions on who ...

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Growth in online real estate market threatens agents

As the economic climate bites harder, making investment decisions in real estate has become tougher

According to The Guardian, figures from online real estate market are pointing to an increase in the number of owners and prospective tenants who are opting to sell their homes or rent property online without the use of an agent. The Guardian learnt that the number of renters searching for property online platforms rose to 10 per cent in 2016 – ...

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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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