₦airaland Forum

jayce232:
Rich dad poor dad author is not from Nigeria. My post relate to house rent as regards Nigeria. In the western world house rents are paid monthly & tenants don't default like they do in Nigeria because there are laws over there. Building house for rent in Nigeria is not a profitable investment. I have done it before & it is not a profitable one.

jayce232:
Why are cars that have been manufactured years ago still selling at high rate??

MasterJayJay:
Did cement companies negotiate with the landlords before increasing price of cement?

MasterJayJay:
Did cement companies negotiate with the landlords before increasing price of cement?

Okortor:
Imagine.......naso one increase my guy's rent over 300% percent as they refused to pay it..he issued one month notice to yearly tenant and after expiration of the one month notice.... he's now using the police to harass and threatening them into forcefully exit the house instead of a proper 6month notice.....who does that? Police don turn court judge for tenant and landlord matter.

Zidac:
Are the landlords buying cement in every market day?

Sofistcatdmoron:
Did the landlord demolish the house he built 19 years ago when cement was 500naira per bag and built it with the current cement rate?

if its a brand new house built during Tinubu era , its understandable

PresidObi:
Have you asked the landlord if he has recouped his initial investment even after 30 years?

kernniejay:
So, because he has not recouped his initial investment since after 30 years, he should wake up one day and start thinking of how he will recoup all his investment on his few tenants within a year? Have you heard anything called long-term investment?

quadraheem:
The reality is that building a house for rent is merely a humanitarian act and not really for business.
Landlords should be appreciated anywhere.

MasterJayJay:
Did cement companies negotiate with the landlords before increasing price of cement?

Dtruthspeaker:
The landlords are also buying every other thing like you, which increase yearly.

Then in addition he has repair of his house which you will ask him to do.

Zidac:
And he does that every year. By the way most landlords don't repair anything rather they expect tenants to do it even when they used inferior accessories for the house, they would still claim that the tenants damaged them.

Bobodee09:
It is unlawful and illegal for a landlord to unilaterally increase rent without first consulting or renegotiating the price with the tenant - Speed Darlington?s lawyer, Stan Alieke, says

Counsel to embattled singer, Speed Darlington, Stan Alieke, says that it is unlawful for any landlord to unilaterally increase their house rent.

According to Alieke, several courts in Nigeria have ruled in a plethora of cases that it is unlawful and illegal for a landlord to increase rent without consulting or renegotiating the price with the tenant.

Dtruthspeaker:
When he renovates or repairs is he not going to do so at the current price!?

Sofistcatdmoron:
renovation or repairs does not consume 1000 bags of cement
that one don pass repairs,
thats not the reason to increase house rent from 1million to 2 million for all tenants,

Bobodee09:
The supporters of wicked landlords ....hope this will clear you.

Dtruthspeaker:
Does he not buy and pay for things every year, including when it's time to repair!

MasterTeeUSA:
The more they tell landlords what to do, the more they choke investment and housing leading to rise in rent and low supply. Do we have arbitration if landlord says he wants to increase rent and tenants say no?

Instead of calling on state govts to standardize rent increases and peg to inflation, they will be spewing nonsense that hurts the people they claim to be protecting. Soon, you will have mostly AirBnB and the weekly rate will more than double annual rent when calculated weekly.

A tenant moves in and pay N100k damages. On moving out, damages due to usage and increased cost of materials is now N350k, please who bears the cost? The landlords. Please let the landlords breathe lol.

Crafteck1:
My dad is a landlord, he increases by maybe 100k after 5 to 7 years, but my landlord 2 years ago increased from 750k to 1.1m... Few weeks back sent a letter to move from 1.1m to 2m,its a 5 years old building, ive been here for the 5 years, it's in mushin, please what are your thoughts on this.

Bobodee09:
Both of my parents are also landlords.

Your landlord is wicked and evil.

There no where in the world anyone is allowed to increase service fee or product fee by 100% without any major reasons.

Bobodee09:
How many landlord return damages even when the tenant leaves Nothing damage in the house....the last house I moved from I paid 50k damage fee before moving when I wanted to move out I ask to the landlord to check the house so I he can return the fee .....the man kept dribbling and I left him to God.

Is funny how people like you are always narrow minded forgetting not everyone in family owns a house.

My both parents are landlord and by grace of God I will also be one someday but I never be callous and wicked to Increase house rent every year...never.

Only a wicked soul will support anyone Increasing service or product fee by almost 100% becos he/she feels the economy is bad every year.