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Nairaland Forum / Nairaland / General / Properties / Please What Is Happening With Nigeria And Rent Issues? (24357 Views)
See What Is Happening In The Compound l Am Living In. / What Is Happening To My Decking? / How You Can Resolve Your Rent Issues With Landlord During COVID-19 (2) (3) (4)
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Re: Please What Is Happening With Nigeria And Rent Issues? by olumzzz(m): 10:18am On Feb 07, 2022 |
Great0ne1:If you had a house in this current economy, you would do the same. |
Re: Please What Is Happening With Nigeria And Rent Issues? by Edipet(m): 10:18am On Feb 07, 2022 |
DEBUU:which state in south east....? Except you are referring to inside rural area 1 Like |
Re: Please What Is Happening With Nigeria And Rent Issues? by Rubbiish(m): 10:21am On Feb 07, 2022 |
Prechgold1180:This can't be true!!! ![]() 900k for a two bedroom in Auchi? |
Re: Please What Is Happening With Nigeria And Rent Issues? by Maobichek: 10:23am On Feb 07, 2022 |
Aaaaarghmed: It's well okay, this is Abj okay. Thank God you only pay for rent, here after rent, you will still pay service chargers and on monthly basis, our prepaid metre consumes over 60k. 1 Like |
Re: Please What Is Happening With Nigeria And Rent Issues? by luthorcorp: 10:23am On Feb 07, 2022 |
PointZerom:gbam. |
Re: Please What Is Happening With Nigeria And Rent Issues? by somehow: 10:24am On Feb 07, 2022 |
SouthWestBlood: You're talking to a property owner and not just random rent payer out there. Because the landlord goes out to buy other things with money made from rent means he should double his rent? Do we know that everything each and everyone of us is doing is why things are going up? On a norm, no rent should be increased above 10% in 2 to 5 years. I don't blame the lawlessness in Nigeria though, I blame the citizens who make lawlessness and disorganisation a culture. Make una dey wait for angels to come fix what each and everyone of us keep screwing up with greed and wickedness. A lady came to me asking if u could advise her on a place she sort to rent. I researched the place and discovered the landlord's children are planning to increase rent by 60% within 6 months of previous increase. Nothing new has been done in that house, no renovation, rather an iron-filled well. Current tenants spend almost 9k monthly buying water yet the children are trying to increase rent. I told her not to bother if they won't take what I felt was fair, few days later, another of the children called her to take her offer with some conditions. See, what is going on in this country can only be fixed by the actual people living inside, not even the politicians. |
Re: Please What Is Happening With Nigeria And Rent Issues? by Nobody: 10:24am On Feb 07, 2022 |
Adeoye11:But not like the one that hoodlums will hijack and start burning houses and properties. Decent and organized one is good. |
Re: Please What Is Happening With Nigeria And Rent Issues? by sukkot: 10:24am On Feb 07, 2022 |
Re: Please What Is Happening With Nigeria And Rent Issues? by nathdim: 10:27am On Feb 07, 2022 |
With 1 million you get yourself an estate facing tarred road in epe |
Re: Please What Is Happening With Nigeria And Rent Issues? by Maobichek: 10:29am On Feb 07, 2022 |
SocialJustice: Bros, there are several estates in Abj but too costly that ppl can't afford them oh! It's not about building estates oh but the price. |
Re: Please What Is Happening With Nigeria And Rent Issues? by Mom007(f): 10:31am On Feb 07, 2022 |
mediainc:The problem with Nigerian government intervening in housing issues is their massive corruption! They will release overinflated budgets for the purpose and steal 3/4 of the money and then use what's left to effect questionable structures which they will still sell or let out at criminal prices to cover up their fraud. There was one such estate in osogbo as far back as 2010 consisting of 2 and 3 bedroom bungalows. Those units remained uninhabited for years as there were no takers and they even began disintegrating. Nigeria is a mess abeg! 1 Like |
Re: Please What Is Happening With Nigeria And Rent Issues? by BluntTheApostle(m): 10:31am On Feb 07, 2022 |
Grupo: You are underrating them. If you pay attention to the crime news, you will see how syndicates are being bursted daily across Nigeria with fleets of luxury vehicles and choice apartments. Cost of sardine has gone from ₦250 to ₦500 within a year. Maybe it's also the fault of yahoo Boys. The cost of sardines does not explain overpriced old houses in Ibadan. The cost of sardines can be explained, but overpriced old houses? Some agents in Ibadan were the ones who told me themselves why houses have become costly. For new houses, the price is understandable, although many of them are still being overpriced. The thing is this - a house that could be built with 20m before will now cost approximately 35m to be built. Cost of cement, rods, and building materials in general have doubled. It is not only new houses that are being overpriced. So, if a landlord spends so much to build a new house, he will obviously make the rent reflective of the cost of the building. It is not just about new houses. The OP never specifically mentioned new houses. I was in Ibadan last year when my cousin needed a house. Many of the houses are old, and yet expensive. The agent themselves will tell you what it cost around mid last year or so, and how the rent has risen astronomically. Every landlord wants to recoup their investment as soon as possible. This has nothing to do with market forces, but greed. Except you want us to believe that a demand for rentals has increased sharply. 3 Likes |
Re: Please What Is Happening With Nigeria And Rent Issues? by shileowo: 10:33am On Feb 07, 2022 |
Most people complaining here not enterpreneurs or business person. Complain about price of bread, transport,healthcare etc. Okay, very simple, approach a bank for loan to build a house at 24% interest, price of building materials and labour. When all done rent the house out for peanuts and see where you end up, even your tenants will deny you. Or get a loan from abroad at rate of 360 to a dollar in 2018 to build a house and start a rental business. To pay back loan will be difficult at the rate of 575 to a dollar. please think am well. And people saying old houses dont need to increase rent dont forget that the lanlord of old houses are not buying dollar at old rate and bread and newspaper at old rate. The house is not even maintained at old rate. Just tell the government to build more houses. News flash for tenants, government now charges new rate land use charge (LUC) for old houses. ![]() |
Re: Please What Is Happening With Nigeria And Rent Issues? by Helpfromabove1(m): 10:34am On Feb 07, 2022 |
ProfAmaben: Good bless you they think the landlord just command the house to be like magic , the cost of building materials is going up by the hour not even day so what do you expect So after the landlord sacrifice some good things of life ( while you are enjoying them) to build a house he should then rest it out for 40k na him send you come Lagos or why u know stay under your father's roof 1 Like |
Re: Please What Is Happening With Nigeria And Rent Issues? by syntekelite(m): 10:35am On Feb 07, 2022 |
Its a simple case of demand and supply..hold your lawmakers accountable,once there are right infrastructures like intercity trains, high concentration of investments in rural areas( which can be achieved by good security and tax incentives), good road network in and out of rural undeveloped areas,high demand for houses in cities will automatically decline cos its easy for people to buy or rent their own house cheaply in rural areas and take public transport to the city for work, case in study is lagos ibadan train... a lot of folks live in ibadan now and work in lagos, by the time the blue light rail begins operation in lagos there will be a lil decongestion. You cant force landlords to reduce rent cos its a private property built by private funds which was used to buy building materials at exorbitant prices caused by your clueless government..so nothing like endhighrent here.. |
Re: Please What Is Happening With Nigeria And Rent Issues? by sylve11: 10:35am On Feb 07, 2022 |
500k for rent? I go use am buy caravan put on top my land and stay inside like that. ![]() ![]() |
Re: Please What Is Happening With Nigeria And Rent Issues? by Mom007(f): 10:35am On Feb 07, 2022 |
aminusodiq:I must live in Lagos syndrome. What's the difference between Berger and mowe/ibafo? He would have gotten a better value for his money if he just crossed to the other side of long bridge. |
Re: Please What Is Happening With Nigeria And Rent Issues? by syntekelite(m): 10:37am On Feb 07, 2022 |
Adeoye11: You cant force landlords to reduce rent cos its a private property built by private funds which was used to buy building materials at exorbitant prices caused by your clueless government..so nothing like endhighrent here.. so its the govt that gave the landlord money to build his house right?? Simple trend #buildinfrastructures or #endsenatorswastage.. |
Re: Please What Is Happening With Nigeria And Rent Issues? by Thebest12(m): 10:38am On Feb 07, 2022 |
Golan007:I don see an , e be like u na one of all this useless agents or landlords . Tunda go fire all of una 1 Like |
Re: Please What Is Happening With Nigeria And Rent Issues? by Mom007(f): 10:38am On Feb 07, 2022 |
edydamsel:My dear, no fear. Go to court and state your case. The courts allow 6months in favor of the tenants. How do you give someone 2weeks to quit a house? |
Re: Please What Is Happening With Nigeria And Rent Issues? by luthorcorp: 10:41am On Feb 07, 2022 |
Xilsbridalhouse:as in eh, |
Re: Please What Is Happening With Nigeria And Rent Issues? by shileowo: 10:42am On Feb 07, 2022 |
Tell government to build enough houses and landlords will reduce rents. Or ask for salary increament ( leads to inflation and prices go up). tbh, double your hustle the only way out. Houses bought 10-15 years ago @5 million now renovation cost 2.2 million. You cant stay in a house that is not well maitained. |
Re: Please What Is Happening With Nigeria And Rent Issues? by SouthWestBlood(m): 10:45am On Feb 07, 2022 |
somehow: Okay, so what should he do? Reduce the rent, I guess. If the country's economy was stable, 10% increment is the right call as the property appreciates. The economy is not stable; most landlords are just trying to meet up with the current state of the economy. Even after the increment by 50%, it will only get him the value of what 1m used to, or less. |
Re: Please What Is Happening With Nigeria And Rent Issues? by Mom007(f): 10:53am On Feb 07, 2022 |
thadotech:Na waa o. A house you yourself stayed for 7years without the landlord increasing your rent every other Tuesday yet maintaining it is a problem for you. So who should come and maintain it? That you stayed there that long means you are the one that ran it down after all it wasn't rundown when you rented it. This is one issues that's wrong with Nigerian tenants. How do you live in a house for years but refuse to repair the wear and tear like leaking taps, torn nets, broken wardrobe or cupboards faulty electrical switch etc when they damage under your habitation? Yet we want landlord to smile with you... Shebi when you tried getting another one, your eyes became clear! Now that landlord will do small renovations and put up his house for 800k ![]() Na you still loose. 3 Likes |
Re: Please What Is Happening With Nigeria And Rent Issues? by uthlaw: 10:54am On Feb 07, 2022 |
Badboibipo:come to Kaduna,standard 2bedroom for 250k,18-20hrs of light! |
Re: Please What Is Happening With Nigeria And Rent Issues? by Coolgent(m): 10:55am On Feb 07, 2022 |
Dshocker: Coward bigot. |
Re: Please What Is Happening With Nigeria And Rent Issues? by Eastlink(m): 10:55am On Feb 07, 2022 |
Helpfromabove1:Oga stop trying to be smart by half. Majority of folks making this complain including yours truly ain't looking for a new house. I’m talking about old house built last 10-15 years. A 2 bedroom flat that went for 500 just last year is now 1 million. What would you call that? |
Re: Please What Is Happening With Nigeria And Rent Issues? by Prechgold1180(m): 11:00am On Feb 07, 2022 |
Rubbiish: U say Bro if I lie make my life nur better I Dey when he even make the payment |
Re: Please What Is Happening With Nigeria And Rent Issues? by seyz91(m): 11:01am On Feb 07, 2022 |
![]() luthorcorp:
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Re: Please What Is Happening With Nigeria And Rent Issues? by seyz91(m): 11:02am On Feb 07, 2022 |
Truth is not everyone has the japa syndrom or wish to But i Like The Option of Earn in Dollars It's certainly the best way Aaaaarghmed: |
Re: Please What Is Happening With Nigeria And Rent Issues? by aminusodiq(m): 11:02am On Feb 07, 2022 |
Mom007:lol... He has always lived in lagos... They were born there |
Re: Please What Is Happening With Nigeria And Rent Issues? by Rubbiish(m): 11:02am On Feb 07, 2022 |
Prechgold1180:O boy!!! That is too much nau for auchi Wetin con dey auchi? 900k is too much! No be only poly? Your bro for no pay for that house honestly. How much be 2 bedroom for even GRA & Airport road for Benin? The price was outrageous! |
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