Nigeria has one of the most rigid rent payment systems in Africa as the majority of landlords require upfront payment on apartments. This is despite the fact that most tenants receive their income on a monthly basis. A lot of people cannot afford to rent by themselves and the problem of upfront annual rent requirement has also created a product gap that can only be bridged by one that can split those payments into a monthly denomination.

But at a time like this when coronavirus has almost brought economic activities to a standstill in Nigeria, some landlords who collect rent on a monthly basis are expected to see high default rates as some Nigerians have been projected to either lose their jobs or have their salary slashed by their employers.


About 60 percent of tenants will not be able to pay their house rents in Nigeria in the coming months as the rampaging coronavirus pandemic persists with its crippling impact on household income, estate agency professionals have said.


The lockdown has left many tenants and landlords in precarious positions.“If the tenant is having difficulty paying rent, I would strongly encourage them to communicate this with the landlord so they can possibly come to a mutually beneficial payment plan.

Tenants are also cautioned to consider the negative effects an eviction will have on their credit score as well as their ability to rent another property,” he said.


Not only could being evicted make it trickier for a tenant to successfully apply for new tenancy, but it could also affect their credit score if the landlord obtains a debt judgment against him/her for the missed payments.


Nigerian landlords should accommodative where possible during this difficult time. If the landlord can afford it, allow the tenant to take a payment holiday or to suggest a payment plan that could suit both parties,” he said.

At the end of the day, we are all facing the impact of this crisis together and should do what we can to help each other get through these trying times.

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Me wey just renewed my house rent last week...I jokingly asked the lawyer(caretaker) to atleast add one month grace for me. Guy man no wan hear..

God will help we men

make up your mind,no matter how and u will see that something will happen.be positive that u want to pay and money will com e