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Nigeria’s House Tenants May No Longer Have To Pay A Year In Advance For Rent - Business - Nairaland

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Nigeria’s House Tenants May No Longer Have To Pay A Year In Advance For Rent by NAIJASTANDARD71: 5:21am On Feb 09, 2022
HOPE ALIVE FOR THE MASSES:
Nigeria’s House Tenants may no longer have to Pay a year in Advance for Rent…Senate debating a law to make yearly upfront rents illegal in the capital, Abuja

*Lagos state government hoping to act as a guarantor in a new payment system, landlords will be encouraged to switch to accepting monthly rents
*Before now Nigerian landlords prefer large upfront payments to reduce chances of tenants’ default
*Finding 12 months' rent in advance is an additional burden for millions of the people
https://nigeriastandardnewspaper.com/ng/hope-alive-for-the-masses-nigerias-house-tenants-may-no-longer-have-to-pay-a-year-in-advance-for-rentsenate-debating-a-law-to-make-yearly-upfront-rents-illegal-in-the-capital-abuj/

Re: Nigeria’s House Tenants May No Longer Have To Pay A Year In Advance For Rent by NAIJASTANDARD71: 5:21am On Feb 09, 2022
Good move
Re: Nigeria’s House Tenants May No Longer Have To Pay A Year In Advance For Rent by viyon02: 6:19am On Feb 09, 2022
Though l am a landlord here in Lagos, I welcome this idea, the rate at wish landlords see themselves as demi god in Lagos is quite alarming and the rate at wish they inflate house rent do kill some tenants. How can some pay #7000k even 1m for house rent, this is pure wickedness.

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