₦airaland Forum

Thank you op for this very insightful piece, I have a tenant I am currently battling to evict one as described by you.

This guy told me he works with very reputable international organisation and own houses around but only wanted to stay in my house because of it proximity to his office but renewing his rent is now a problem. We have a signed tenancy agreement which I intent to enforce as is now almost 6 months since his rent expired. Once I evict him or even if he eventually pays as promised I intent to hand over the house to property managers, I can't handle tenants wahala again.

Any good property lawyer with experience in Abuja should qoute me for possible management of my house. Cheers

Ghostscript:
this incident happen in my area at fulani road ungwan rimi kaduna

so give us the real story

Murtad:
PLS WHERE TO WATCH MAN U MATCH TONIGHT

2stv 16e

Non of the people you mentioned can beat kwankwaso.

You can take this to the bank kwankwaso will be back in PDP, he will unite it and be the flag bearer.

Those saying why only northeners, well the truth, is as long as politics remains the game of numbers, the north has the upper hand and also due the the fact that there is still the believe that 2019 is still north's turn,

Non of the people you mentioned can beat kwankwaso.

You can take this to the bank

Demmzy15:
It's like your brain is scratching you koh? How did he propagate terrorism?

ni dai na gaya maka idan baka tuba ba duk wani tai waazin taaddanci a sunan alhlul sunna baya da makoma sai jahannama, ko meye kafada

They will always come to nairaland and be preaching holier than thou but once you point out there terrorist nature they attack you

Yes sufism may have some faults but Is far better than salafism/wahabism that propagates terrorism in the name of ahlul sunna

Demmzy15:
I know people like you will come here and shine their brown teeth. Always blaming people for everything!

The biggest problem Islam has is terrorism, and because I pointed out those sect that claim to propagate sunnah but codedly propagating terrorism is wrong.

Clearly your response shows you follow one of the terrorism propagating sect like BH, ISIS alshabab, wallahi if you don't repent all terrorist destination is jahannama

Basic123:
you dont fear Allah SW.Followers of sunnah of the prophet SAW are worse than followers of Ibraheem niyyaaas.??....you cant be a muslim without following sunnah of the prophet,not sunnah of a shaykh oooo,and that makes you sunni or Ahl sunnah.

so to be a wahabi or salafi terrorist is following sunna, insha Allah Final destination of all terrorism propagating sect like yours is hell fire, you and your comrades in Boko haram ISIS and alqaeda are not true muslim.
You are the ones giving Islam bad name lying on people who you follow sunna

FYI ,I don't follow any inyass or shia, am just a moderate muslim following the teaching of the prophet not some imam, and I hate terrorist and their supporters

All sect have there faults

Am a Muslim and adhere to all the basic principles of Islam that all sects agree, I pray 5 times daily, I fast, I pay the zakkat, and I have performed hajj and by and large I always try to live well with my neigbours and don't cheat others I have don't gossip, don't take alcohol and gamble, I don't womanize .

Don't be sunni, Shia, sufi etc just be a muslim

The worst of sects are those that practice so call ahlul sunna i.e wahabism but are nothing but propagators of terrorism and terrorist, have you wondered why all terror groups a salafi/wahabis

Law.

Infact am planning to study it as a matured student soon

The governor really goofed, the arrest of Sule Lamido drew sympathy to him but truth be told Sule Lamido is not loved in the entire north may be his state where he has modestly performed as governor.

The person to beat to be president from the north post Buhari is Kwankwaso, mainly due to his performance while he was governor of kano, he is a no nonsense man, he stood with the masses during GEJ maladministration, he is very much loved in kano a state that can almost produce total vote of some region, he is relatively well educated and a dogged politician

Hmmm, Hameed Ali strong head with his retroactive duty payment will cause a lot of problems, though I don't condone taking laws into your hand.

Duties should be paid at th borders an also make sure all cars must have genuine customs duties before registration that means anyone that has a fake duty will not regsiter his car, as such there will be no need for raids like the one that happened in kaduna

michaelo2:
12. When you got a cold and have a stuffed nose, it might help to put some balm right underneath and around the nostrils to let your nose clear up.

not inside o

but still aboniki go pepper you well well unless the balm you mean are things like robb or metholathum

Hmmn na so one old man was having catarrh he went to the corner shop to ask for robb or mentholathum , the shop owner said we don't have them but we only have aboniki, na so this old man come say Oya give me the aboniki.

When he was given na so this old man just carry aboniki push inside his nose, the old man just shout yeeeeee, come ask the shop owner abeg check my my face say nose still dey na him the man say yes baba nose dey then the old. Man said but is it on flames. LOL

The moral of this story is never attempt putting aboniki in your nose

Wish Baba Buhari quick recovery and good health, however I will programme myself to accept Osinbajo as president

BetaThings:
So an assassination in Kano will lead to riot and postponement of general elections nationwide
Both you and the police have taken it for granted that Nigerians don't think

you certainly don't know the influence and acceptability of Jafar Mahmud Adam in the whole of northern Nigeria till today

What kind of diversionary and sensational finding is that.

All I see is an attempt at making goje as a bad guy in the eyes of the average Muslim northerner, why should the police make such a sensitive finding public without any investigation, why not use whatever information they see in the write up to catch or investigate whoever is fingered in the assassination of Jafar, since the killers of Jafar has still not being caught.


By the way killers of Jafar is an open secret, he was killed by government agents in 2007 to spark off riot that will make 2007 election Be postponed since attempt at 3rd term failed but it backfired as nothing happened despite his killing.

Even the ACT fail atimes

Just avoid mosquitoes, use insecticides, clean your environment or better still sleep in a mosquito net

Once you avoid mosquito you avoid malaria.

By the way I heard that malaria vaccine has been discovered and will be on trial in 3 African countries

ocelot2006:
Do you even know how Foreign Intelligence Services work? Not every cash owned by them is stored in the bank? How do they undertake transactions that are untraceable back to them? And yes, Intelligence Services use so called SHELL COMPANIES to mask their covert activities behind legitimate business in other nations so as to gather intelligence secretly and protect themselves from the eyes of the host nation's Counter-Espionage teams/agencies.

You got right, NIA is a secret organization and their operations operations are generally covert, if they had kept the money in a bank then it is no longer secret, on the issue of the house it is a worldwide practice by secret service to have safe house ,if truly Oke has informed the NSA then he has done his bid, sadly most commentators just talk without some knowledge of secret service operations

I hope about 50% of its components will be sourced here in Nigeria.

Parts like the metal sheets for the body, metal bars for chasis, seat foam, seat covers, all rubbers can all be sourced locally, with this there will serious job generation and value chain.

But sadly so far the Chinese have shown how selfish they are especially with rail construction, where they provide the loan to Nigeria but with condition that their local companies will build it with there local components, and even operation of the train is done by the Chinese, this model does not add any value but just creating a market for their product as Nigeria only consume, the Higer Bus company should be like old day PAN kaduna where almost everything is produced in Nigeria apart from engine,gear and brainbox

But Buhari himself lacks capacity and competence now, his performance is very disappointing compared to campaign promises and expectation,may be due to ill health but is not sterling, what vex me more is even at his slow and lackadaisical pace some people want him to contest in 2019, honestly anyone saying Buhari should run again 2019 is not his friend,

Thank you Baba you have tried your own, go and rest and play with your grand children from 2019.

By the way am a disappointed Buharist

meeky007:
ANYBODY WATCHING ELCLASSICO?

yes live and direct on Sony six 68.5e score now Madrid 1- Barca 0

Newsline was started by the duo of Yinka Craig and Patrick Oke, it it was after they left that frank olize took over, due to the goodness of Mr Olize we did not miss the former anchors

LordAdam16:
Terrific advice.

@HAH,

Credit in Nigeria is effed up. And I mean effed up real bad. Conventional mortgage loans in the US have around 5% or less interest rate with 20% or less (sometimes as low as 3%) down payment requirement. Use one of the government-backed mortgage programs and you could be saving more money.

Nigeria's case is very different. As cederaustine said, interest rate is between 20-25% interest rate and minimum down payment of between 20% to 30% (excluding any closing costs that can range from 0.25% to 1%).

For a 10m home, that's a down payment of 2-3m with annual interest of 2-2.5m (if you go for fixed instead of ARM and also excluding your principal mortgage payment).

If the maths doesn't bother you (it does bother me since this is not a primary residence), then you'd need to go to mortgage institutions, not your average run-off-the-mill deposit banks. Some of the deposit banks have mortgage subsidiaries (like they have insurance subsidiaries) such as Stanbic IBTC, GTBank (GTHomes), First Bank. But there are other mortgage financial institutions that often affiliate with banks that you can approach directly. Here's a list of five to check out --https://www.tolet.com.ng/blog/5-top-mortgage-institutions-in-nigeria/.

That said, you have to check multiple offers and negotiate. We are in a recession, meaning it is a buyer's market. They need your business. 10m is not a lot, but it also means the chances of default is low, which is a plus in their books. And a 1% interest rate reduction is 100k savings per year. First Bank Mortgage offers term repayment plan of as low as 5 yrs (so cederaustine calculations of around 7 yr repayment shouldn't pose a problem for the majority of mortgage institutions).

Typically, you do not have to put down a collateral if you approach a mortgage institution, although they'd need to do an asset and income verification check (to assess your ability to repay), so you'll have to pen it down on a form and provide c/o and other docs to verify ownership. It doesn't mean that they should be able to seize your other homes or assets if you default. If you default, the only home you should lose is the home you're taking the mortgage for.

I think I've covered the most important things. But you should also contact your financial advisor and lawyer. You should have them to navigate the waters for you and protect you should things go south. It's a wild west out there.

-Lord

thanks bro, I will surely bookmark your contribution

cedaraustine:
1. Do you have an investment account with these finance houses? They should be able to give a lower rate that commercial banks, I think?

2. I think banks would do the 20-25 recent range in annual repayment plans. That's something, shouldn't you consider cheaper alternatives?

3. I wouldn't advise using your property as collateral for Nigerian banks but you seem to have limited choices.

Using just your returns on rent from the Abuja house -- bar over the top increase, aside maintenance and issues with occupants --, It would take 6-7 years to repay the loan, I don't think banks would like such medium term turn around.

I don't have real experience with Nigerian banks in real estate deals.

Cc:
Jpphilips
LordAdam
Davide470

Thank you very much for this good advice, the property I want to buy here in kaduna is just too good to leave it is offered for 10M but can easily sell later for 15M, I have other house in abuja that I put up for sale but no one is even pricing it may be because of the location which is kuje, the one in town at P&P three bedroom bungalow well finished is the one I collect 1.5M for And I don't want to sell it.

Hello house,

I just got an offer of a house at a give away price of 10 million in kaduna, and I don't have money available for the house, I have a house in abuja where worth atleast 30 million that I collect annual rent of 1.5million, can I use the rent being collected annually as principal repayment source if I approach a bank to fianace the purchase of the house in kaduna ? Am willing to give my house in abuja as collateral and also the house I want to buy in kaduna will also be a security.

What do you advice and which bank can easily heed to such demand without wasting time.

Thank you

TPAND:
A lot of persons have unwarranted hatred for Dino Melaye. But if you follow events at the upper chamber well, you will realize the most vibrant senator Nigeria has currently is Dino Melaye

you can very correct, hitherto house of reps use to be the most vibrant but but presense of Dino made the senate the most vibrant

The work of of legislature I making law and oversight, any member or senator that does not make comments on the floor is useless, certainly Dino is not a dormant senator.

For those accusing Dino of stealing, Dino has never held any office apart from the one he was elected for and was never fingered in money scandal.

Yes Dino is loquacious and flamboyant but what senators earn is an open secret, all I see is envy and jealousy on Dino by most people that criticise him though (bad belle) is allowed

This funds were remands of GEj campaign funds.

This oke for chop the money clean mouth and blame dasuki

Alexdinho10:
friends which way can we go for elcalasico on sunday?

Sony six on 68.5e

Man utd VS anderlecht live on 2stv

tweetsme:
Oil is Nigeria Life, No oil No Nigeria..

and as long as oil is relevant and in demand this policy is sustainable, be optimistic, oil is also an export

tweetsme:
Your Naira is going No where. No matter the pump.. Fix the real issue.. Not pumping Dollars You guys don't Produce..

What have we been producing when the dollar was 120? You forget oil that we export is also a produce