Stories...Where is the loan for accomodations u promised us. U said u will give loan so we can pay back rents at free will. Don't propose we are tired

ogododo:


https://punchng.com/lagos-vows-to-enforce-monthly-rental-policy/

/
A 30-yrs old landlord will grow grey hairs in 6 months

You fight collect January rent...then you remember that end of February is around the corner

/

Iamzik:


I wish it were that simple.

This policy will backfire and just cause a lot of trouble for both landlord and tenants

This is my fear

Except the rule applies to only salary earners with government or well established private companies whereby it will be automatically deducted and paid into the account of landlord directly

Iamzik:


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!

Wicked people

Iamzik:


I wish it were that simple.

This policy will backfire and just cause a lot of trouble for both landlord and tenants

Cotonou shares border with Lagos and when you want to rent an apartment, the landlord collects security deposit plus one month's rent. When you are leaving the apartment, you collect your security deposit as long as you have not damaged anything. The arrangement works fine there. However, if you as a tenant wanted to pay for 6 months in advance so that you don't spend the money, the landlord would willing collect your money.

uniquetechng:
it's not meant for a country like ours , it will make things harder for people.

Evictions will be plenty...

Bulldozer90:
Do more. Anything that will lead to Igbo divestment.

U go wait tire An igbo man special talent is to make money esp from bad situations ...las las na u go still cry insult sanwo

jmoore:
A yearly tenant is entitled to 6 months notice to quit.

A monthly tenant is entitled to 1 month notice to quit.

Very wrong analysis. If a monthly lent bill is entitled to 1 month notice to quit then a yearly lent bill should also be entitled to 12 months notice to quit.

Na wah ooo! We ask una to come do rent matter for us?

Inspirer1:

Evictions will be plenty...

definitely, evicting tenants will be very easy.

ogil:
Good one. Monthly rent is better. You properly Plan yourself

Get a Super Professional Company Logo or Letterhead for Your Business for 2k only

Pay On Delivery

Drop us your Company name
https://forms.gle/on2fYZ1qHxdjMdeS9

Many heads will be broken out of frustration and violence. Lots of altercations and fist exchange between landlord and tenants. Sanwoolu needs to receive sense. He should provide housing for the homeless if he truly cares. This will cause more chaos. Trust me, I would rather leave my house empty than rent it out on a monthly basis.

sweetjohn:
Very wrong analysis. If a monthly lent bill is entitled to 1 month notice to quit then a yearly lent bill should also be entitled to 12 months notice to quit.

Notice to quit doesn't mean you won't pay rent. Don't get it twisted.

Inspirer1:

Evictions will be plenty...

You mean violence not eviction. Clashes between landlords and tenants go plenty.

These idiots take things from the West and enforce them on Nigerians. This won’t work.
People in the west make more $$$. People in the West actually get paid on time and depending on your bank, a few days early.

Getting people to pay our monthly 70k SC is a fight every month, so imagine the full rent. Most of the 9 tenants pay the SC after the 15th of every month or not at all.
This Administration is even more lost than the last. I didn’t think that was possible.

ogododo:


https://punchng.com/lagos-vows-to-enforce-monthly-rental-policy/

This is not good move by the state government, before you quote me...check monthly rent of those countries paying monthly payments, na Tennant go still suffer am wait and see how hoise rent sky rocket soon.

jmoore:
A yearly tenant is entitled to 6 months notice to quit.

A monthly tenant is entitled to 1 month notice to quit.

six months notice and nobi Free ooo cos some tenants think u ll stay free

She said, “We all see what is being done in other climes, rents are collected monthly. Hence, we are looking and hoping that before the end of the year, or by early next year, we will be able to implement the policy of monthly rental.

Very stupid idiot..
Is it about copying what is done in other climes..

jchioma:


I suffer spend millions to build a house and one Yeye government wen nor provide any assistance but rather join in siphoning my hard earn money in the name of survey and other charges wan determine how I wan rent am out? Not possible!

Lagos government want to appear responsible in what they couldn't provide for d masses How many housing unit has d useless government built. No government can regulate what they didn't have in stock to compete with private owners.

They must be madt or foolish.

Just like uk

Way to go

It's better in a way now my landlord can let be breathe...... Imagine my landlord that built his house 1440 telling me that cement is cost that he needs to increase his head... I just look am dey laugh ..... On his testicles I stand...

The policy is bound to fail

I like how selective they are when it comes to copying from “other climes”. Can’t they also copy better ideas that will add value to the society?

Good

Exactly what can to my mind 😄🤣

meum:
Yearly fight go turn to monthly fight

They should be talking about looking into the activities of Lagos house agents and their outrageous charges and not monthly rent.

Everyone interested should mark it here - if this is ACTUALLY ENFORCED, the outcomes will be TERRIBLE.

I remember when this law was passed, I was wondering if it would be enforced. If this law is enforced, then today, Mon Mar 4 2024, will have as much economic significance as Jan 01, 2012 when Nigerians insisted on maintaining the ruinous fuel subsidy. No, nobody will see or feel anything right now, but 10 years down the road, there will be material consequences. What will happen I don't know, but it will be very, very bad.

Markets are markets. They cannot be defeated. Socialism is destructive, it helps no one.

Things like this are what make Nigeria so interesting to me. Self destruction observed in real time.

Good Luck to Nigeria.

meum:
Yearly fight go turn to monthly fight

true 🤔

Loool

With Nigerian tenants that can be very dubious and looking for ways to cheat the landlord and live in a house rent free.

The once a year dragging of some tenants is not enough you want landlords to be asking for rent monthly?

I kuku trust Lagos landlords they will simply increase the monthly rate.