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Nairaland Forum / Nairaland / General / Properties / Lagos Vows To Enforce Monthly Rental Policy (18124 Views)
Lagos Vows To Enforce Monthly Rental Policy / Enjoy Up To 1million Naira Monthly Rental Income / Urgent!i Am Looking Or Monthly Rental Room In Lagos, I Dont Mind To Share A Room (2) (3) (4)
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Re: Lagos Vows To Enforce Monthly Rental Policy by We4all: 1:46pm On Mar 04 |
I like the idea. |
Re: Lagos Vows To Enforce Monthly Rental Policy by uniquetechng: 1:47pm On Mar 04 |
We4all:When the country was working, now people can barely feed and pay school fees. 1 Like |
Re: Lagos Vows To Enforce Monthly Rental Policy by Belleful: 1:47pm On Mar 04 |
It should be the tenant's choice to choose which is best for him or her. Yearly or monthly. 1 Like |
Re: Lagos Vows To Enforce Monthly Rental Policy by phemray(m): 1:48pm On Mar 04 |
uniquetechng: Yes cos landlord will simply increase the monthly payment. Imagine paying 3k or 5k per month to a landlord, it's easier to increase it to 4k, 6k etc. But it's ok for some people that need to stay like 4 months, 6months for a purpose in an area . But they should make it flexible so that u can have special arrangements with your landlord for 1, 2 or 3 years if you so wish. |
Re: Lagos Vows To Enforce Monthly Rental Policy by GoodGovernance: 1:53pm On Mar 04 |
1 Like |
Re: Lagos Vows To Enforce Monthly Rental Policy by laiperi: 1:53pm On Mar 04 |
One year rent may give both tenants and landlords time to devote to other problems as long as you have a roof over your head. It also cut down on old monthly fights between tenants and landlords, clogging up the courts. It may be different with rooming houses but boils down to the same thing. What if those that cannot afford one, two or three bedrooms flat, take advantage of monthly initial low payments? 1 Like 1 Share |
Re: Lagos Vows To Enforce Monthly Rental Policy by Chidex50(m): 1:56pm On Mar 04 |
Landlords will now increase the amount since you're paying monthly 2 Likes 1 Share |
Re: Lagos Vows To Enforce Monthly Rental Policy by SALLYBERRY01(m): 1:57pm On Mar 04 |
Ok |
Re: Lagos Vows To Enforce Monthly Rental Policy by Blacktruth: 1:58pm On Mar 04 |
Weda una enfore am oOoo una nor enforce am oOo, we still dey survive una useless policies, the things wey una suppose focus on , una nor go gree focus on am , na our house rents be una problem now abi ? 3 Likes |
Re: Lagos Vows To Enforce Monthly Rental Policy by tnerro1(m): 1:58pm On Mar 04 |
Una wan copy people wey they pay weekly or hourly 😁😁. Dey play 1 Like |
Re: Lagos Vows To Enforce Monthly Rental Policy by yesloaded: 2:00pm On Mar 04 |
Good move if landlord interests will be protected as well Any tenants who failed to pay on or before the last day of the month should vacate the apartment within the next 48hrs 2 Likes 1 Share |
Re: Lagos Vows To Enforce Monthly Rental Policy by 79733139(m): 2:03pm On Mar 04 |
Nazgul: You will still have the option to pay your rents yearly, however landlords can no longer force people to pay yearly. If I am going to be staying in Lagos for only 6 months, why should I be forced to pay for one year? |
Re: Lagos Vows To Enforce Monthly Rental Policy by 79733139(m): 2:07pm On Mar 04 |
phemray: You still have the option to negotiate one year's rent with your landlord. It only prevents landlords from demanding that you MUST pay one year's rent. If you are going to be staying in Lagos for only 6 months, why must you be forced to pay for one year? |
Re: Lagos Vows To Enforce Monthly Rental Policy by 79733139(m): 2:21pm On Mar 04 |
okeke6969: The policy doesn't prevent you from negotiating one year's rent with your landlord, it only prevents landlords from insisting on yearly rent if the tenant clearly wants to pay monthly. 1 Like |
Re: Lagos Vows To Enforce Monthly Rental Policy by Bluntemperor: 2:23pm On Mar 04 |
uniquetechng: So,this is another way to do what the other Countries are doing in the Western World,abi? -How many Streets Roads and Major Urban Roads -have have been completed and how many Water are running in Our homes, courtesy of the Lagos State? - How many World Class Health Facilities are available in Lagos State, afterall,how many do the workers allowed to Patronise and is it not the Masses that have no choice that go there? -How many Houses have been provided by the State or Federal,at affordable Cost- this was everywhere and in all the Local Govts- during Lateef Jakande Era? -How many Businesses- Grants have been Provided to the Lagosians Youths,etc, for a business Startup, without Political affiliations! We de listening,make Una de impress the Masses sha! |
Re: Lagos Vows To Enforce Monthly Rental Policy by GenFunction: 2:27pm On Mar 04 |
Arobaga:Broooooo,asin eh |
Re: Lagos Vows To Enforce Monthly Rental Policy by do4luv14(m): 2:27pm On Mar 04 |
uniquetechng: When will those people ever learn, Imagine the useless commissioner is using an example of a developed nation as yardstick, to justify this nonsense, Same thing they had been doing with virtually every thing, without taking into consideration the economy nor the spending power of an Average citizen, chaiii, it is well ooo |
Re: Lagos Vows To Enforce Monthly Rental Policy by obaidan: 2:27pm On Mar 04 |
Easybet1: when the people they keep appointing as advisers are their dumb thugs, how will they know.. All they do is try to replicate, for them to be creative and design a customized solution that is suitable for our system, dem no fit do |
Re: Lagos Vows To Enforce Monthly Rental Policy by GenFunction: 2:29pm On Mar 04 |
uniquetechng:Pls remind whoever that a good bread is N1800/2000 nw |
Re: Lagos Vows To Enforce Monthly Rental Policy by obaidan: 2:31pm On Mar 04 |
You are not tackling delay and non payment of monthly salaries BUT you want to enforce monthly rent policy... who trained these dumbos |
Re: Lagos Vows To Enforce Monthly Rental Policy by Advancedman(m): 2:33pm On Mar 04 |
Re: Lagos Vows To Enforce Monthly Rental Policy by obaidan: 2:34pm On Mar 04 |
79733139: the statement says the monthly rent policy will be ENFORCED if something is going to be an option, it will be stated clearly and enforce will not be the word to use. 1 Like |
Re: Lagos Vows To Enforce Monthly Rental Policy by uniquetechng: 2:36pm On Mar 04 |
do4luv14:The people we often elect into public offices are often the type of who don't care about the masses that's why they decisions without considering the impact such decisions will have on the people they govern. |
Re: Lagos Vows To Enforce Monthly Rental Policy by bigfoot79(m): 2:38pm On Mar 04 |
"Navigating Lagos' Housing Landscape: Assessing Monthly Rent Enforcement" In Lagos State, where the Tenancy Law of Lagos State shapes the tenant-landlord dynamic, the proposed monthly rent enforcement demands careful scrutiny. From the legal standpoint, disparities in eviction requirements for monthly and yearly tenants introduce potential complexities, requiring thorough legal evaluation, which I attempted summarily below. Considering the reality of Nigerian employment, characterized by monthly salaries often subject to delays and deductions (our Labour Law prohibited deductions of salary for punishment, but yet, many employers flout this, ignorantly), the proposed monthly rent enforcement by the government of Lagos State faces a number of challenges. This instability in income could place tenants in precarious financial positions, impacting their ability to comply with monthly payment mandate, while opening the flood gates of eviction to the Landlords. Frequent turnovers in rental agreements, driven by monthly payment mandates, may inadvertently create an artificial excess demand for rental premises . This surge, coupled with limited housing supply, could lead to increased monthly Rentals fees, frequency of Agency, Agreement and Commission Fees, thus undermining the proposal's objective of easing the financial burden on Tenants. Beyond legal nuances, practical challenges emerge. Monthly payments could impose an administrative burden on landlords, leading to disputes. Ambiguities in lease terms may arise, necessitating legal intervention. Additionally, the proposal would unintentionally distort Lagos rental market dynamics, impacting property values and investment decisions. As a Legal Practitioner deeply rooted in Lagos' dynamic landscape, recent strides in housing legislation, such as the ban on two years' advance rental demands, have not gone unnoticed. While celebrating this success, it's crucial to critically assess the proposed monthly rent enforcement. The legal intricacies surrounding property transactions demand a nuanced understanding. Eliminating the two-year advance requirement aligned with fairness and accessibility principles. However, monthly rent enforcement introduces complexities beyond the legal realm. Meticulous consideration of contractual obligations, potential disputes, and practical challenges is essential. The legal community's active contribution to refining the legislation is imperative. Collaborative efforts that consider legal nuances and practical implications will pave the way for a housing framework standing the test of legal scrutiny. Such an approach serves the best interests of all stakeholders in Lagos, acknowledging the diverse target audience and varied perspectives on housing issues. The proposed monthly rent enforcement in Lagos warrants careful consideration and collaborative refinement. Acknowledging the legal disparities in eviction processes, potential financial challenges for tenants with monthly salaries, and the risk of market distortions, it is evident that a nuanced approach is required. While celebrating successful housing legislation, including the ban on two years' advance rental demands, legal practitioners play a crucial role in critically assessing new proposals. The legal community's active involvement in refining legislation, ensuring alignment with existing legal frameworks, and addressing practical implications will contribute to a housing framework that stands up to legal scrutiny. To conclude, as Lagos navigates its housing landscape, the collaborative efforts of legal practitioners and policymakers are imperative. Striking a balance that considers the varied perspectives of tenants, landlords, and investors will lead to a housing policy that truly serves the best interests of all stakeholders, reflecting the diverse target audience and the multifaceted nature of housing issues in Lagos. |
Re: Lagos Vows To Enforce Monthly Rental Policy by do4luv14(m): 2:41pm On Mar 04 |
uniquetechng: Correct |
Re: Lagos Vows To Enforce Monthly Rental Policy by isio1(m): 2:42pm On Mar 04 |
79733139: And what if the negotiation fails, because the landlord wants a yearly rent, what happens next? The tenant will report to the Lagos State Government abi This policy will not come to fruition, because when a prospective tenant insists on monthly rent and the landlord wants a yearly rent how do they reach a middle ground? I want to learn |
Re: Lagos Vows To Enforce Monthly Rental Policy by 79733139(m): 2:43pm On Mar 04 |
obaidan: Enforcement means that landlords cannot demand 12 months, it doesn't mean tenants cannot choose to pay 12 months at once (the landlord issues 12 receipts of payments at a discounted rate). When it is practice, then you will know that I am right. For now, we leave it as it. |
Re: Lagos Vows To Enforce Monthly Rental Policy by Iamzik: 2:44pm On Mar 04 |
uniquetechng: Government just want to tax house rent. It's all about revenue generation. They are not happy that your landlord collects rent tax free from citizens That's the whole idea behind this monthly rent push. Tax the poor! |
Re: Lagos Vows To Enforce Monthly Rental Policy by MasterTeeUSA: 2:44pm On Mar 04 |
No problem...Landlord will start doing shortlet that won't have this mandate and allow weekly stay. Rent will also go up...Tenants will suffer but it could be the plan to push out low income...verification and job income disclosure will become a thing...you want sane climate, you will get sane country style of housing. Trust me, Lagos tenants ain't ready for this. ogododo: |
Re: Lagos Vows To Enforce Monthly Rental Policy by just2endowed: 2:45pm On Mar 04 |
this people are m@d. they went to UK and this is what they want to copy down to nigeria. Why cant thery look at minmum wage and see where we stand |
Re: Lagos Vows To Enforce Monthly Rental Policy by 79733139(m): 2:47pm On Mar 04 |
isio1: The policy says landlords must not demand yearly rent. And yes of course, if the landlord demands a yearly rent, then the tenant has the option to report the landlord to the department that will be in charge of that. |
Re: Lagos Vows To Enforce Monthly Rental Policy by Iamzik: 2:51pm On Mar 04 |
yesloaded: I wish it were that simple. This policy will backfire and just cause a lot of trouble for both landlord and tenants |
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