Why is monthly rent payment not a common practice in Nigeria?

Many landlords in Nigeria prefer to receive rent payments annually or biannually, because it provides them with a sense of financial security, and they do not have to worry about collecting monthly rent payments from their tenants. However, that hasn't been able to solve the housing crisis the young and working population face. Nigerians renters struggle to save up money for a long period and sometimes get into huge debt before making a large payment.

As the real estate landscape in Nigeria continues to evolve, there is an increasing demand for flexibility and convenience in rent payments. With the emergence of startups like ours that offer the option of monthly rent payments, we are witnessing a shift away from the traditional annual payment system. However, despite the advantages that come with monthly rent payments, many landlords in Nigeria are still reluctant to embrace this new trend.

Join us on the 12th of April, 2023 on Twitter Space, as we bring together key players in the real estate industry to discuss the readiness of Nigerian renters and landlords for monthly rent payments. During this enlightening event, we will delve into the insights and challenges of this emerging trend, and explore the potential benefits for both renters and landlords. From understanding the cash flow implications to exploring the regulatory and legal framework, we will provide a comprehensive overview of the monthly rent payment system and how it can benefit the Nigerian real estate market.


Please click this link if you'd like to join and set a reminder: https:///Monthlyrent

Yearly payment is good compare to monthly payment.