₦airaland Forum

dejiotus:
But why reward bad behaviour with free rent since her legal tenancy is expiring tomorrow. Yes, while I will advise that the requested two months is granted to the difficult lady tenant for the sake of peace, she should pay for those two months as well. She is not entitled to any free lunch from her landlord now. Tenants should be made aware in very clear terms that extention of tenancy in whatever disguise should not equate to free rent.

I'm advising that he cuts his losses and moves on. If you decide to bring an action to recover unpaid rent and recover possession, how much would you spend on legal fees and for how long are you ready to drag it?
Now, calculate her unpaid rent for 2 months and decide which is easier to forgo.

Bad tenants can ruin an otherwise profitable investment. I have a client who is selling his 13 units of terraced duplexes at Magodo just because of tenants wahala. Prospective tenants are willing to pay 4M per year per duplex but he has refused, he's stuck to selling.

emmanuelewumi:
Lagos State ought to do something about this. Lekki up to Epe used to be under Western Region until Lagos State was established, the land their were meant for Agricultural settlement of Western Region government, all the land at Oko Oba Agege are under this category.

Lagos Federal territory used to be Lagos Island, Victoria island, Ikoyi, Ebute Metta, Surulere,Apapa and Yaba. Other areas were under the Western Region.

Currently trying to ratify the land of my property at Ajah axis

This would probably fall under Government acquisition eligible for ratification. Don't worry, it may take a little time but it would get done. Land in Lagos is something else. Too many booby traps.

XiaoLi:
Guys please i need your advise, i have this troublesome tenant that her rent will expire tomorrow, she is asking to give her 2months to move out, the agent managing the house advised we grant her request since issuing her a quick notice will not favour us,do you think i should grant this request or find other means to throw her out?
Location of the house is Lagos.
cc: everybody

You can grant her request. But to ensure no games, you can ask her to write something like.

I ______ hereby undertake that in consideration of the landlord forfeiting 2 months rent for the aforedescribed property, I hereby undertake to to vacate the __bedroom apartment located at ___.

In further consideration of the ___, I further undertake to forfeit and forgo all legal and equitable rights to tenancy and possession held by me over the property and covenant that I be be be held liable for fraudulent misrepresentation and criminal proceedings upon my failure to vacate and give up my possession of the aforedescribed property on the covenanted date.

Dated this _______ day of ____ 2020.

It's a random writing from my head but it would suffice. If she refuses to sign, she's not ready to leave.

9jatriot:
This is a very important information. That means plenty wahala expected very soon?

Well, depends on your risk appetite. It doesn't affect all lands on the axis, just those with Agric C of Os.

The thing is that once the new holders of the C of O get their hands on it, they would come and approach all those who built their houses on the land to "carry their houses". In the end, they would collect ratification fees and reissue a new Deed of Assignment with the details of the new C of O.

Boyhood:
Ok then tell us why the landlords lost this case to FCDA/AMAC?

There are some clauses inside those Agric C of Os that stipulate that they can only construct farm houses and animal pens on the land, no permanent buildings. Some even state that you can't transfer title.

So, once you violate them inadvertently, there is a problem.

ahiboilandgas:
Example not well grounded in property bought a commerical land in Apo area and built a twin bungalow for rent in 2000 but in 2004 elrufai demolished it that they viloted a section of the c/o ...and fcda/amac won the case against the landlords

For those buying properties in that Lekki area, particularly between Ikota and Sangotedo, there are a lot of Agric C of Os given for 20 or 30 years which are close to termination. In fact, there is one Budo Farm C of O that faced something similar. The problem is that those who held the Agric C of Os have resold to other persons who have now built. Because they saw C of O, they just bought the land and built, not knowing the difference between Agric C of O and other types.

Unfortunately, the government is not renewing these Agric C of Os, instead they are giving the parcels of land to new allottees which would now be residential C of Os. The new allottees are not those who bought from those with Agric C of Os, but the original landowners who the holders of the Agric CofO bought from. Those who bought and built with Agric C of Os would now have to face those issued new C of Os by the government.

In the end, they would be forced to pay Ratification fees to the holders of the new C of O. Ratification which would run into Millions of Naira.

StubbornGENIUS:
Your honor,please don't mind the naysayers.We are all here to learn and improve no matter our status.

Not a problem sir. Knowledge is like water. We all don't stop learning. What I have learnt on this thread are what people pay heavily to learn and I'm very grateful. Ahib, Emma and others say some things sometimes and I just smile cos they constitute transactional advice that lawyers bill clients millions for.

Theconglomerate:
Save this baseless talk for who cares to listen.
Go and hold all the people renting out their mini duplexes in lekki with this emptiness you just spew here.
I am talking money and capitalism,someone is talking english language and what's written on C of O.
How does that stop a person from renting out a property?
Do tenants now ask for C of O?
Please don't quote me again with irrelevance I beg you.

Whenever your logic fails you, you resort to adhominen attacks. If you don't know something, you shut up and learn instead of making noise about.

Why am I even wasting my time on someone who has probably never seen a C of O in his life. They probably hand you papers which you have no idea of what they mean until the government demolishes your property and you start crying about.

I am putting down free info that people usually pay heavily for for and you're insulting me. I won't waste my time on you. You're beneath me me and not worth it.

Theconglomerate:
Go and find out the meaning of commercial property,because it seems you are so clueless about it.
Unless of course,you are purposely being irrational for jest purposes.

The purpose of a property is written on the CofO. Then you are issued with a C of O, the purpose is written on it. You have Residential, Mixed-Use, Commercial, Industrial, Agricultural, Utility, etc written on it. There is a reason why it is written on it.

Registered Titles particularly C of Os determine the use of a property.

Theconglomerate:

Lol Funny you...
What stops me from putting a mini duplex I bought or 45m for rent like the one I posted yesterday?
Is that not a commercial property?
Or commercial property must be block of flats to you?

Check the CofO on the property, what purpose is written on it? Residential or Commercial?

Those who would ruin Obaseki are his loyalists working secretly with Oshiomole. They are the ones giving him terrible advice that would ruin him and because he lacks wisdom and the spirit of discernment, he is following their wrong counsel.

Every King has an Ahitophel. It is wisdom that makes him avoid the counsel of Ahitophels.

I doubt if anyone would take you seriously on here. What you are demanding for requires industry expertise which can't be gotten for free or mere pittance online. If everyone had the knowledge, everyone would be in it.

Anyway, I have been involved in legal and compliance for several fintechs and what I can tell you for free is that there are several ways the loan companies operate. Some operate using a Money Lender's License and some go ahead to purchase MFB Licenses.

Money Lender's Licenses can be gotten officially below 100k and unofficially below 250k. They are issued by the Magistrate courts. MFB Licenses would cost you Millions to purchase a weak MFB and then recapitalize and change the board. Approvals come from the CBN.

The fintech space is becoming increasingly regulated but it's very very profitable.

ndcide:
You are a wise man sir. You can't easily fall for a blackmail.

Thanks sir. Information is power.

alezzy13:
IS this the MrMcJay of investment section?

Haba Oga you pass this kin beer jist

The one and only, bro.

As for my previous post, everything I posted are verifiable facts.

WHO said face masks don't stop Coronavirus infections.
https://amp.theguardian.com/world/2020/apr/07/face-masks-cannot-stop-healthy-people-getting-covid-19-says-who

WHO refused to declare Coronavirus a pandemic.
https://www.newscientist.com/article/2235342-covid-19-why-wont-the-who-officially-declare-a-coronavirus-pandemic/

https://www.cnbc.com/amp/2020/01/22/who-postpones-decision-declaring-china-coronavirus-a-global-health-emergency.html

The WHO messed up big time and it is as a result of failure of leadership. The Head of the WHO isn't even a Doctor.

The World Health Organisation has become a huge joke.
The same WHO who said face masks don't prevent human to human transmission.
The same WHO that refused to declare Coronavirus a pandemic.

This is what happens when your loyalty is to certain interests and not to your country.

Pantami thinks he's in Gombe where he can do as he likes. Well, he can actually do as he likes cos the level of indiscipline in this administration is legendary.

Letsfarms increase of the duration of the investment cycle from 7 months to 9 months was a big mistake on their part. Sell a few today, sell half dozen tomorrow. Is that business?

If they try it just 3 times, they would be gasping for breath as they won't get bulk cash to run the farm operations.

ogbonti:
APC stand to lose more because if Obaseki runs as KOWA party candidate - he will defeat APC Ize-Iyamu and then he will re-join APC as the sitting governor to spite Oshiomole - making it bold and clear he won because he is Obaseki and not because of APC. He will gain much respect that way!!!

na today we bigin see "carpet crossing" in Nigerian politics?

Anyways - looking at this from another angle ..... I see history repeating itself

Some of you guys fail to look back to the Femi Agbalajobi vs. Dapo Sarumi fight for the SDP ticket in Lagos (1991) Gubernatorial elections

Lagos was an SDP state - but when these 2 guys made the primary process so dirty - Sir Michael Otedola of the NRC became a safer choice for Lagosians. Not even the 11th hour presentation of Prince Yomi Edu could save the SDP in Lagos. My thing is Obaseki should let the system play out - Never panic - IF Osho wants to give the ticket to POI - let him do it, but have a backup plan to run on another platform - Always have a plan B so you don't disqualify yourself by not having the option to run with another party and the time to register ran out - this OPTION must be done ASAP!!!

The way Osho is running this fight with Obaseki is not even because he wants APC to win in Edo. Osho will feel vindicated and victorious is Obaseki loses to to anyone - as long as He (Obaseki) is defeated.Maybe he is planning the SARUMI vs AGBALAJOBI mayhem in Edo - so that when the primary becomes too dirty - the people will then vote for any donkey or riff raff presented by the PDP (who may be secretly sponsored by Osho too OR some invisible potential god father) THIS IS WHY OBASEKI SHOULD LET OSHO DO WHATEVER HE LIKES - IF POI WINS THE PRIMARIES- OBASEKI SHOULD IMMEDIATELY SWITCH TO ANOTHER PARTY AND LET US SEE HOW POI WILL WIN - HE HAS ENOUGH BAGGAGE OF CORRUPTION AND ABUSE OF POWER FROM HIS INVOLVEMENT IN LUCKY IGBINEDION ADMINISTRATION TO NAIL HIM -

YOU DO NOT NEED PARTY TO WIN AN ELECTION WHEN YOU ARE POPULAR - GO ASK OGBORU IN DELTA STATE - HE COULDN'T WIN EVEN AS THE APC PARTY FLAG BEARER - OBASEKI IS POPULAR IN EDO STATE - HE HAS NAME RECOGNITION - APC NEEDS HIM MORE THAN HE NEEDS APC!!!

This is exactly what Okorocha and Amosun did that made them politically castrated. Let Obaseki take your advice and join them. At least, he would be a scapegoat to others.

panpan:
How did the bank find out?

Some of her bosses at the bank saw what she posted here and escalated it to management.

I know someone who lost his plum job in a bank because of what he posted here on Nairaland.

If only you guys know how many people have lost their jobs (and some their lives) due to what they posted online, we would be more circumspect about what we post online.

The Internet is like fire. It can cook your meals for you to eat and it can also burn and destroy everything you have.

contumely2:
Grow naturally?
That I invited about 4 persons who I know have something tangible to contribute is bad?

And how does that hamper growth here?

Or are you bereft of apt diction?

Even the Supreme Court despite having 21 Justices invites some senior advocates, professors and Attorney Generals to address them in certain cases.These people are called amici curiae.

One needs clarity of expression and that is a product of clarity of reasoning.

This kind of post is beneath you, you don't need it. Pass your message across without insults just like how he did.

Cheers.

emmanuelewumi:
Tinubu's relative has something like that. Primero Transport it plies from Ikorodu to Mile 12, Maryland, Fadeyi, Costain and TBS. The company has about 400 buses in its fleet.

Another company can have the license from Sango Otta to Iyana Ipaja, Oshodi route.

Badagry to Mile 2 is another route.

When the operators are corporate citizens with eminent Nigerians as the shareholders, who pay taxes and license fees to government, touts and miscreants wouldn't be able to make unnecessary financial demands from them

When Fashola was Governor, there was a day he went to commission a project and was accosted by touts that he should dash them money. Fashola required for their tax clearance to show proof they pay tax before he gives them anything. They grumbled and left.

Subsequently, Fashola gathered those touts together and established what is called "Waste Police" under Lawma. They were charged with arresting those who dispose waste in indiscriminate places. Anyone who they found refuse in areas under his supervision would be dismissed. Do you know that those touts were staying awake at night preventing people from throwing refuse so as not to be sacked

When they asked Fashola about getting motorised street sweepers, he said that it's not just about waste removal but empowering those elderly women.

So, there are a lot of political consequences of such a decision as this. Visionscape was brought on board to try something similar but it failed due to a lot of factors with vested interests, politics and political patronage being the most prominent.

Politics is no. 1 in Lagos, every other thing follows. Its unfortunate.

emmanuelewumi:
Trade Union should be optional. Who regulates and audits the various bodies in the transportation sectors

Government needs to remove all the bottle necks in this sector so that the sector can attract necessary funding and also make it attractive for corporate Nigeria to come into the sector.

Different business will bid for major routes, have a minimum of 500 buses in your fleet, must be a limited liability company, no union or anybody will harrass the buses of the company, they will pay taxes to government and also pay an annual route license renewal fees of about N100 million or above

There is something similar to this on the Island. I mean from Obalende to Epe. It is a private company handling commercial transportation on that route and all passenger buses must register. There are no touts at the several bus stops from Obalende up to Ajah. Even at Ajah, the touts there are those from the Oshodi unit loading buses going to Oshodi.

The unions control the boys who we see as thugs but the government sees as party stalwarts. I heard of an agbero who a job for a Medical doctor with Lagos state.

Transportation in Lagos is more political than economic. That's why Obasanjo came to campaign in Lagos in 2003 but his supporters couldn't get vehicles to attend the rally. Commercial vehicles 'mysteriously' didn't work that day.

emmanuelewumi:
I hardly join you guys in Naija versus Abroad arguments even though most people know I am pro Naija.

With good transport system, I don't need to go out in my car every day. Why should I spent 4 hours in Lagos traffic using my own, when I can get to my destination in less than one hour using public transport.

When I was young car were allowed to go to the island based on even and odd numbers in order to control the volumes of vehicles coming to the island.

Later Lagosians started buying 2 cars one with odd number and the other with even number.

Odd numbers can go out on Mondays, Wednesdays and Fridays.

Even numbers can go out on Tuesdays and Thursdays

Lawyers destroyed this arrangement.
Several lawsuits were filed that the policy was discriminatory and a breach of fundamental human right to movement.

emmanuelewumi:
Maybe if Lagos State government should introduce tax of about N5000 per vehicle per day, for any vehicle that comes into Lagos island, Victoria Island, Ikoyi and Lekki maybe it will reduce the volume of traffic in the area.

People will then embrace public transportation when going to such places. After all our politicians make use of public transportation when they are out of the country

Picture 1
Abia state Governor standing in a train abroad.

Picture 2
The same Abia state Governor using more than a 12 vehicles to move around.

Look at the kind of news they are bringing to the front page for God's sake!