Stastics has shown that a large number of tenants in Lagos struggle to renew the rent after moving into a new apartment.

The question is what could be responsible

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Because you landlords think rent should be paid yearly alone. You can tell them to pay monthly to ease it. If i were paying rent monthly, at least i wouldnt feel the impact.

Let's be sincere with ourselves, will monthly rent payment really work in Lagos

I feel it can work? It is just a matter of agreement, its not a bad idea for landlords to give it a trial

integrityhomes:
Let's be sincere with ourselves, will monthly rent payment really work in Lagos

hmm.

integrityhomes:
Let's be sincere with ourselves, will monthly rent payment really work in Lagos

of course it will.. Have the tenant provide a monthly direct debit instruction mandating his bank to remit the monthly funds into your account if any tenant wants to agree to monthly payment.

Not all please.

djtconcept:
I feel it can work? It is just a matter of agreement, its not a bad idea for landlords to give it a trial

Hmm, that's true

ignis:
Not all please.

Yes

dingbang:
of course it will.. Have the tenant provide a monthly direct debit instruction mandating his bank to remit the monthly funds into your account if any tenant wants to agree to monthly payment.

Wow fantastic idea, landlords can really adopt this system

dingbang:
of course it will.. Have the tenant provide a monthly direct debit instruction mandating his bank to remit the monthly funds into your account if any tenant wants to agree to monthly payment.

OK, great! Thanks for the insight

integrityhomes:


Wow fantastic idea, landlords can really adopt this system

for salary earners mostly. Then for business people, they should provide statement of account that shows steady inflow and outflow of transactions.

This deal should also come with a legal back up. If for any default, the tenant will pay interest on the defaulted month.



You people should pay me for consultation abeg.

monthly could work for salary earners while daily rent for labourers on wages ...