₦airaland Forum

Madam I hail o
Anything one can do before tenancy ends ?
Do you also regularly use lawyers in your tenancy dealings ?

gabbytabby:
If you go to a magistrate court you can self represent. The clerks will take you through the process

Any thoughts of the case where lawyer says 150k to evict, and where rent only be 250k ?
The actions you talked about, quit notice by lawyer is this all within the 6 months after start of tenancy, lets assume its a yearly tenant or are we talking of where they have defaulted already ?

danowena:
You don't give them a paper as ur quit notice. Or a paper signed by only ur lawyer. You get a proper court bailiff to serve the notice. If they refuse u use the NPF to enforce the quit notice. Believe you me, my rent is paid before it kicks in. And I mean business. I bark n bite.
The issue is dat most landlords are greedy. They don't use the services of a proper Lawyer. They would rather pocket the agreement money.

Baba u don get am !!
Make hay while the sun shines.
In as much as I like the sound of pensions, part of me still like to dey in control not leaving all your working life to some stranger to manage for you. I watched a program where some elderly couple were out of pocket by thousands of pounds because of a dodgy pension plan.

erico2k2:
Well thats the reason young ones here need to learn, do not live all of your life abroad once pali drop visit home(9ja) start your investment instanta, acquire properties if God let you., I was v lucky to do this at a very young age well not so young but @ 26. No need to wait for pension which pension.@£300/month you wont survive it. cos thats N150k max,2 of my small cozens are builders here, they are lke 24 and 27 years old,they plan to return back 9ja@32 they are saving hard .

I think its a dire scenario, but it happens all day long and one has to be prepared to handle these things. See as Bosun go bury juju for client site. Imagine what he will do for his landlord when he's as broke as he is right now.

We have various pros in the house, this would be been a good time to hear from a qualified legal expert, LastPage wey dey claim big man abi na big woman and knows people in high places or whatever, these are the kind questions you for dey answer with your highly placed contacts. Not looking for yeye British passport and bringing out your crayons.

By the way, attached is the Lagos state tenancy law as amended in 2011. But imagine, the law does not apply to certain areas and guess what Bourdillon road is in Ikoyi abi, near Falomo bridge, it doesnt apply to Ikoyi, VI, Apapa, Ikeja GRA. Are you seeing a pattern, so Jogavan self no an dey chase tenant ?

Demainman1:
Burn down the house

Na joke I dey o.

In fact I am not sure what I will do. I asked a question before, who has rights in Nigeria?

Nigeria is a country where someone will see A and say it is B and neither you nor me will be able to do anything about it.

Na battle all the time. Your tenants may even go spiritual and diabolic for you sef.

E be like say I really they paint a dire scenario mehn!!

Not really, but as I still get folks back home I go worry small oo.
But I bet if word gets out that person won £1M, people will be swamping person for handouts oo...

erico2k2:
quick question for you, if you won the lottery and have £1M would you be bothered about the current situation of Nigeria?

Sounds really dire.
If you were in his shoes, what would you do or do differently ?

Demainman1:
Rights?

One lawyer is asking for 150k per tenant to go to court. That is 450k meanwhile rent is 250k per year.

The agent said it could take up to 2 years to finally eject the tenants. That is two years of no rent for my guy

Who get rights for Nigeria sef?

Egun
By the Grace of God sha, who knows.
But how do you want me to be transporting this to the harbour all the time, abi you expect me to be borrowing Bosun's Mack truck abi make i seize am cover hin debt ? Then, if this is being towed on the road, do you know how many lanes i go dey block ? I also guess whoever is towing this on the road will be a marked man, as the whole world would think he's a billionaire and thief fit come. Its like a show off, although that may not be ones intention.


I for like something smaller that I can be looking at from upstairs when parked downstairs, so nobody can put prayer stones inside or steal it.

EgunMogaji:
You need something like this to be called a Skipper of the HMS Mavverick

There may be more o, some people have Pali + money and fit almost all the criteria you stated below etc (lived abroad for 30+ years some even born in London self). But maybe they just do not want to live in Nija in its current state for one reason or the other (electricity, security, people using Jazz on one another etc). I know a few people like that, the thought of moving back to Nija in the current climate is like asking someone to take a dip inside a hot volcano.

How would you feel is you find out that a biz partner is using Jazz against you for example ?

erico2k2:
In my Book,I might be wrong though,Reasons You wont Want to go back to Nigeria
1.No kpali
2.Not enough Money
3.Not lived Long enough abroad
4.U boasted 2 much n U reach 9ja and the guys U boasted to have Duplexes,kids and Hot SUV and U have suit case speaking big English like Sup G wa gwaaan
5.No family base back in 9ja, no structural plan.
feel free to add urs.

This is the confusing thing. It would be nice to know what the actual tenancy law states for Lagos state at least, I dont think individual tenancy agreement cant supersede the actual state/federal law, it may take precedent over certain matters where the tenancy law is missing or not present or where the law does not specifically cover that area. Take for example the issue of pets, state law may not want to get into the arguments of whether a tenant should be allowed to keep pets, however a landlord has the right to for example say that "In my house oo, no pets or animals (dogs, chicken, leopards etc). simples" or perhaps no use of prayer stones as Bosun Shoyoye knows too well about this.

It is true that you cannot just walk up to a tenants house and simply evict them, its like opening oneself to a lot of legal ramifications, however I have seen an agreement whereby it says that as long as notice to quit is served etc, if the tenant refuses to pay after 6 months, the landlord can take possession even without a court order.

gbadexy:
The tenancy law I think states that a tenant should be given 6 months to look for a new accommodation. You just can't up and eject a tenant no matter the situation.
I think it all boils down to the agreement made. I should think such agreement would supercede any tenancy law.

How does the 6 months quit notice work ?
In some rental agreement, its written in there that after 6 months, the LL can walk into the property and lock it up etc. Is this what you mean ?

gbadexy:
I think what makes rental business even challenging is the part you give tenants 6 months free quit notice.
The mindset is that after staying for as long as they can stay without paying, you will still have to give them 6 months free to pack out.

All these your friends in high places cannot help you with 10k a week ?
The recession is really biting hard o, no ground broken, idle hands and yet a lot of bragging about hot spots. Yet 10k a week na sababi for you ?

Time to think of an approach, no matter how barbaric it sounds.

n3xt:
Exactly my point. I have them as friend and I knew what the successful ones did different from the unsuccessful ones.

If only they knew...

John Ugbe of MultiChoice and Mweb Nigeria is a friend of my friend and boss. And his dedicated team of support and marketing guys are my good friend.

They're one big family. Can't forget when they were in SAGAMU for a wedding ceremony. You'll think you're in one BIG family meeting.

That's one good recipe for success.


Most times you don't need to have all the monies in the whole world to succeed. Consistency and total commitment from dedicated workforce will help you reach the goal. So it's very important to take good care of your team.

There always be few that will do things haphazardly. It'll be easier to identify such and remove them from the wheel.

I knew a lot of people here don't like my stories but I'd have love to tell a story about the advent of broadband modems in Nigeria. How it was introduced and who introduced it? A diasporan did in response to a need for solution to reach more people. It was billions of naira idea that got a nod when it was proposed.

A story for another time.

^^^^^^
Mental home, you have a client here. Come and carry them before they escape again

Trust me bro, its not cheap o. Maybe me dey look at am as a tourist rather than a local. I usually stay between Nice and Cannes. No way near Nice town itself as its too busy for me, I prefer the fishing villages closer to Antibes and If i wan ride boat, I go closer to Nice.

How about the BTL tax hikes, I guess it doesnt aply to you guys in the republic, and the countless regulations that landlords in England have to put up with, dem don turn landlords to immigration officials self.

20K for 2/3 houses, is that your yields/profits etc ? Whats the housing demand like in Dublin ? State pension in England if i am not mistaken isnt up to £150 a week or so. Those spanish Islands get Ok retirement, as a lot of Brits live there, who knows what will happen post Brexit after article 50 gets triggered.

For me na that comfy retirement travelling around the world, and improving my skipper skills (boats) dey do me. Also important to have a pad, I dont want to be squatting in anyone's house, and where I for park my future boat ?

euromilion:
With my two or three houses in Dublin,each earning me over 20k€ per annum plus my shares and other investment in USA,my retirement will be fantastatic,however,everyone is entitled to state pension of €220-€250 per week over here.

South of France is doable for me as am only in my thirties and I have few good investments here already and some in nig which am trying to liquidate for the purpose of re-investing in fertile and saver haven,having said that,the Spanish island eg lanzarote,Tenerife,Malaga and many more can give anyone a comfortable retirement.

Will I be right on saying that all these businesses were conducted without yourself on ground personally ? I personally would not recomend anyone run any business in Nigeria without being present, ordinary to build house self, see what can happen when you entrust yourself to thieving son of b*stards.

If that is the case, then I am not surprised and its a too familiar tale. Did you think that if I was in Nigeria in person and I engaged Bosun, did you think he would get away with a third of what he did ? Trust me, the complain about calling his wife is small, even his wife self go come NL to lament ! Trust me, she will not send Bosun that errand.

euromilion:
Bros mention the biz in naija I've tried it,from transportation biz to shop biz,even importations,the one that hurt me most are the properties and stocks(NSE).

I've given up,telling me to consider investment in Nigeria is like preaching to the choir.

You see, I can relate to some of what you have said. I have had my fair share. Starting with Bosun which we all know about.

However I would not write Nija off completely, I think it's good not to put all your eggs in one basket. I think it would be good to share with us some of the business plans that hasn't gone so well in Nija, just so we can all learn.

Remember how all my conversations especially with my build is all in writing and see how it has come to help get to the bottom of matters.

euromilion:
Retiring in naija is out of the equation for me,believe me and don't hate me if I tell you how much I hate NIGERIA,the country where nothing work.

I will retire to a Spanish island or to south of France,with investments here in Ireland and USA,I've tried to do many things right in naija,but all was futile,bro diordave has good intentions but nig systems may exhaust it all e.g relatives,thieves,scammers,jealous neighbours and many more,then talk about gov policies where it's all made up as they go.

I have an uncle that did everything as diordave stated,this guy even had shipping line back in the 80s with so many estates,but today this guy is poorer than the poorest person here today.

So it's all well and good in theory but in reality it's a different kettle of fish.

Own two or three houses here or even a B&B and you will retire like a king.

Visit niaja every now and then if you wish,God please forgive me for not going back to live in naija,I've invested so much in nig,that each time I think about it am full of regrets.

Am opening a thread for a project am in involved in over here,watch out for it.#comingsoon.

You can also consider making fake documents. That's how people like Bosun are able to eat 3 square meals a times

3strikes:
Not really . I mean you write so well.


Anyways my own retirement plan na to go back to naija and start church o. Make I dey rake in tithes, offering and prophet offering / first fruits every sunday. How can you go wrong with that?



I forget to add say I go dey sell prayer stones and oil too....

Running out of the thread now...

euromilion:
Sunshine all year round and nice and easy life for pensioners with good health care.

South of France is nice, but i doubt one can live there comfortably with a low retirement pot

Should we be taking lessons from a fraud now ?

n3xt:
I love engaging in intelligent discussions like this.

One of the ills of this country is TRUST issue and it is eroding a lot of goods from us. We can't even trust the system not only the people.

But before now (during the 56k dialup years and analogue telephones), I used to think a lot of things are impossible in Nigeria. In fact, I used to think they're only possible abroad until the Internet came and the whole world became a connected community.

There'll always be a clog in the wheel of progress. There'll always be square peg in a round hole but when the system is well designed you can always separate the wheat from the chaff.

Take a cue from the banking industry, gone are the days of mind-boggling frauds. Nowadays, everything is in the open. There's almost no hiding place.

Now the question I'll like to ask is how do you think Chinese survive in this environment. They owned a lot of businesses here and they're doing good.
There's control and they didn't go to sleep with the negative mindset of "people will milk you dry."

They were up to something and are ready to do everything to make it come to fruition. A can-do attitude.

________
Fola Adeola saw a good business proposal from a diasporan (Funke) and they did the maths and came up with a good system that will sell the business.
They knew their challenges and did everything to make people see the difference.

Why will Mainone go into promos when they're not a last mile ISP? They knew there will be problem with ISPs reaching there customers and blames may be shifted on the backbone so they decided to give people a direct taste of what real broadband service looks like.
The integrity of the Chairman and the CEO is one thing but it is nothing if you do not have a good understanding of your local market and how to get it served the professional way.

Till date, Fola Adeola and Funke Opeke are still dealing with the people (the same people the Chinese are using) to do the job. The difference is the system and the processes.

_________
Co-creation Hub is another one.

Every diaspora persons worst nightmare....


just the type you do not want to associate with.
I was hoping he would talk like spyder and say bring your retirement money we are waiting.

babalose:
@Brabus.....you are one the people that frustrate people that want to retire back to Nigeria.

So you are not hiding after all ?
Is it because of 10k that you are embarrassing yourself ?

n3xt:
Hmm! I agree that Nigerians are impulse buyers. We build and buy what we really don't need. To impress? To match out living standard? To tell a story (how I wish) like we are all doing now.

I never thought of having a master suite on the first floor but a studio with all its appurtenances is what I factored in and my guest bed is equally on the first floor with direct access to a family living and a kitchenette. God knows I can count the number of time I've visited my first floor. It's never up to 100 days since (during construction and after it was built) the house was constructed.

Why? I knew I'll be of age one day and I don't to employ the service of a servant just because of lack of inadequate planning; and more importantly I do not plan to build my nest here and there. A simple house that has it all (comfort, space, nature and security) will do for me.

Haji

before the recession a plot of about 900sqm goes for 150m in lekki phase 1.
Mind, this is just land o. Nicon town in lekki is not far behind either. 6 years ago when dollar was like 150, I used to say proudly to non Nigerians that there is a place where land there alone will cost $1m In the same lagos they try to run down with their mouth.

With the recession, such properties have had their prices reduced.

mufutau55:
Yes sir. Even the Three bedrooms also get level. I saw a three bedrooms advertised here in Lekki for 75m. Imagine that!
If I get 75m.... I don't even know what I will do... Yeah.. I was stupid not to build a bungalow, now my knees are crying for bungalow.
Another part of planning ahead... Don't wait o, decades eventually becomes tomorrow.

Hajji M.

Haji

abi we Don meet for lagos motor boat club at awolowo road ?

EgunMogaji:
I concur.

With all the talk about pensions. What do folks think about the stock market and interest rates. Not an expert on USA 401k, used to work in that sector before but European. It's all tied to the stock market or fund managers, also here the BOE just reduced rates to 0.25 piling further misery to savers and pension plans.

I still believe in a mixed portfolio if one can strategise or afford it. That is for non govt workers. Most old time govt workers in the UK have gold plated pensions, which was more the attraction however they seem to be increasing retirement age almost every few years. I don't think I want to work up till 67 or whatever it is. Before then I would love to be in nija, a jeep and my boat which my jeep can tow. A decent house with a pool, that the kids and grand kids would love to visit Africa for, that would do just nicely, good health and something to keep busy with but no biz. I'm fine.

Well said.
I still always say that if one has the means, for those abroad I'm your twilight years try to hold down a property in Nija, no matter how small or big.

at least it's yours, personally I'm a very independent guy and I hate feeling like a prisoner in someone else's house no matter how close we are. The feeling of not being free.

Someone I know likes sending cars to nija, I think it's going to be 3 soon, goes there like 3 times a year and on ever visit spends like 3 days, how does that make sense. I have always told him to put something down no matter how small and forget all those car stuff, for nija I don't like show off oo, it's like looking for trouble.

ice4u999:
Correct! One thing a lot of young people living abroad should know.

There are so many people with properties in Nigeria acquired by borrowing money from overseas banks and lliving seriously in debt, others that have everything overseas but nothing to show in Nigeria, others spending their money chasing small small oyinbo girls and others enjoying life and have concluded on living the rest of their Life's abroad no thought of coming back home. allowing the actions of others and life to dictate our life style is the beginning failure.

I for one I have made a lot of mistakes but I bless God for helping me retrace my step at a very early age. I can't really say anything about retirement because I still have decades to go but one thing I am sure of doing when I retire is farming. Just because farming is something I love doing.

@QC1
As regards to going back to Nigeria, the first thing will be to do a test run; stay in Nigeria for 2 months, that should give an estimate of what it would cost to live there and then decide if your saved funds or retirement will sustain you. Health care is free in Alberta, so every now and then is always and option. Since you still have to dress up your kids for school (based on your comment) that tells me your kids are still very young and that is another aspect to consider greatly before making any move. But who knows, you might have secured a very good paying job in Nigeria and if that be the case, my Oga pack your load and goal to Nigeria!

I Don late join party again.

oga, it will be hard small for hat 5m bungalow. Very possible but someone living abroad might not like the level of finishing etc. And for lagos people like us, no chance with 5m. Some foundations dey cos pass twice that self.

diordaves:
A N5 million bungalow is very achievable on table flat and dry land:

Foundation (back filling, German floor): 400,000

Walling ( drop lintel, no columns, no all round chaining): 700,000

Roofing ( no parapet,): 700,000

Casement window with Burglary Proof: 300,000

Plastering: 150,000

Doors:250,000 (can be potentially cheaper)



Total so far N2,500,000

The big budget items are over so theoretically N2.5 million x 2 will bring it to decent, airy, light and well presented finish. Yes I admit we do not know the plan and the size but it is safe to say it's not all en-suit,no Roman column, just creative window designs, POP in living room and Master bedroom only, kitchen not tiled from ceiling to floor all round and so on.

So Hajji M fault and critique the above plan and we will take it from there.............

Wise words for naughty boys, I hope they are reading.
There appears to be peace here afterall, not what they promised. Lets keep it that way.

3strikes:
It’s mighty easy to justify dishonesty if you make your living from it.

The subconscious mind makes no moral judgments. If you tell yourself something over and over, your subconscious mind will eventually accept even the most blatant lie as fact. Those whose lives and careers have been destroyed by dishonest behavior began the process of self-destruction when they convinced themselves that one slight infraction of the rules wouldn’t matter. When you sell yourself on an idea, make sure the idea is positive, beneficial to you, and harmless to others. Just as negative thoughts and deeds return to their originator, so do positive ones. When you practice honest, ethical behavior, you set in motion a force for good that will return to you many times over.


Good morning from Central time

Wise words for naughty boys, I hope they are reading.
There appears to be peace here afterall, not the they promised. Lets keep it that way.

3strikes:
It’s mighty easy to justify dishonesty if you make your living from it.

The subconscious mind makes no moral judgments. If you tell yourself something over and over, your subconscious mind will eventually accept even the most blatant lie as fact. Those whose lives and careers have been destroyed by dishonest behavior began the process of self-destruction when they convinced themselves that one slight infraction of the rules wouldn’t matter. When you sell yourself on an idea, make sure the idea is positive, beneficial to you, and harmless to others. Just as negative thoughts and deeds return to their originator, so do positive ones. When you practice honest, ethical behavior, you set in motion a force for good that will return to you many times over.


Good morning from Central time

@Madam Gabby

Well done Madam
At least you can serve as an inspiration to some who do nothing with their lives, they want to wreck havoc on NL, as if anyone really cares. I just find the whole thing really laughable, and I cannot stop laughing at their stupidity, Haji tell me who is disturbing you I can end their career looooooooool, when their age groups are running Goldman Sachs, dem dey create monikers like as if say na paper.

You must have a very healthy rental portfolio, I dont believe this is just 2 in Lagos oo, I am thinking you might be one of those landlords who only accept dollar "Awon ti Parkview"


[quote author=gabbytabby post=48243044][/quote]

Madam I thought you are fully/semi retired ?
If you dont mind me asking, was your nija income primarily rental income ?
Na people like you suppose dey head FHA (federal housing authority). I dont know if it still exist.

gabbytabby:
This is all wrong. There should never be anything urgent about a move to 9ja.

Unless you are taking up a lucrative employment in 9ja with excellent perks, you need to arrange accommodation and a regular source of income.

My initial thoughts along this lines was in 2007 and it took until 2015 to bring it to fruition.

In the last year I finally managed to survive entirely on my 9ja income save for my foreign trips abroad.

You pay for everything. School fees, car runing, fuel for gen and others, house keeping, feeding, extended family etc.

Going to 9ja is not the issue. The question is have you managed your expectations, how realistic and prepared are you.

Talking of LP's, does anyone still listen to them ?
My dad does have a lot of it, but I dont know if they are still salvageable, the sight of the turn table does bring back some good old memories. If not for the b**stard asshats who stole our LP complete system back in Lagos.

erico2k2:
My dad had the LP, back in them days I was thinking what a sad song lol now I know better,I remeber me trying to salvage some of his old LPs when I came of age lol

Isn't Oturkpo now present Edo abi na delta ?

mufutau55:
Bongos Ikwue was born in Oturkpo, Benue State on 6th of June 1942 ... but then I thought that was Benue Plateau.
Yes, I know Sonny Okosun... that is why I said the "Papas Land" guy. Can you believe I still have their records? I mean LPs.
"Fire in Soweto" is also one of my favorite. Good singers in their days...
OK.. Back on topics... more info on doors thread o..

Hajji M.

I dey enjoy Chief commander Obey the things they say na ari kogbon.
I wish people listen to them a lot especially the dating site generation. That way they will not be exibiting gutter behaviour here on NL.

EgunMogaji:
For the old timers


https://www.youtube.com/watch?v=Eg2KmZd6X8g


https://www.youtube.com/watch?v=J07PA_idbkU