Great0ne1:

He keeps adding money to the rent yearly. The tenant never entered any agreement with the landlord for yearly increment of #50000. We will rather settle this in the court, that is if he can find my new location, after staying one year in his house, without paying a dime. NONSENSE

DEBUU:
In southeast, it's a bit different atleast you can get self con 65k to 70k per year. I got 3bedroom flat in Obosi 192k last year though it's an old but very neat and spacious. The sitting room is another two rooms on it's own.
It

Prechgold1180:


Omo I shock o
Auchi of yesterday wey we Dey rent hus 20k to 40k my sch son went house hunting last two weeks after a week of house hunting nah 900k a year own we see wey Dey near sch
Thou the building is nice
Buh 900k thou it’s a 2 bedroom

Agent fee and the rest 100k
That approximately 1million

Small yash Dey shake o

Thou the problem is not yahoo boys
Go and check out price of building materials

Omo if I tell u wetyn my see

Aaaaarghmed:
same in Abuja right now,if you see the small room dem give me to rent for 550k in Gwrinpa 62 road.the room be like toilet

PointZerom:


Just tell him to remove his paint. EOD.

SouthWestBlood:


Okay, so the landlord will not increase the rent because he didn't just build the house? When the landlord goes out tomorrow to use the rent paid to him to get the value of what it used to, and then he finds out it's no longer enough, what do you think will happen?

A 3-bed I helped someone to get last year in a nice area for 1m, the landlord has increased the rent by 50%. And of course, he didn't just build the house. He built the house in 2015, and the rent had remained stable until recently. What do you think caused the sharp increase? Your guess is as good as mine. We need to be honest with ourselves.

Also, this is not to say that there are no exorbitant house rents out there.

Adeoye11:
Seriously guys, if we need this huge madness and greediness to stop we need to start trending this house rentage money.
Let us trend it like #end sars.
Let's save legit hustlers from becoming ritualists
Appropriate bodies should swift into action before it gets out of hand

bigcee:

Lol . Thank you, sir.

SocialJustice:
It is not easy at all. The main issue is housing deficit.

Nigeria needs to start building estates massively, or incentivise the private sector to build mass housing for rent.

As long as the massive deficit exist, rent will continue to skyrocket.

mediainc:

Not true, it's a case of demand and supply. Government needs to build high rise apartments like Sir Jakande did in the past, competition, more supply of apartments will stabilize the rent Price.

Grupo:


You people over rate these so called yahoo Boys and it's a very lazy way of addressing issues.

If there are ten yahoo Boys in a vicinity, only about 2 out of that 10 make enough money to live large. Others just make a little and make noise. So the few that make enough don't have the numbers to disrupt housing costs. It's a very lazy way of thinking.

Cost of sardine has gone from ₦250 to ₦500 within a year. Maybe it's also the fault of yahoo Boys.

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.

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.

Every landlord wants to recoup their investment as soon as possible.

When old landlords see how much the new ones are charging, they too will adjust their own prices.

It's all about market forces.

ProfAmaben:


I bought cement for 4,800 in December, it has slightly dropped to 4,300. Roofing sheet was 19k per bundle last year, now 43k, sand was 25k, now 57k, 6" block for 100 naira now 215 in my area, etc. Make I come build finish rent am for 40k yearly? I dey fear you? , always remember that it takes 40 naira to lay a block presently.

aminusodiq:


My cousin rented a old dilapidated converted a room self contained somewhere around beger lagos for 350k! GOD! IT WAS AN EYESOAR.

It look like all this village houses. The room walls have been painted over 10 times.. The walls was mixed with nhmerous olf colours. Its was so bad for the price

Adeoye11:
Seriously guys, if we need this huge madness and greediness to stop we need to start trending this house rentage money.
Let us trend it like #end sars.
Let's save legit hustlers from becoming ritualists
Appropriate bodies should swift into action before it gets out of hand

Golan007:
Na una new song be thos Abi?

Shebi una go use am burn houses like EndSARS.

Nonsense.

edydamsel:
I think necessary action should be taken by appropriate authority to save the masses. My rent expire December and my landlord gave January to pack. I can't find a place affordable for me.give me two weeks more the man is dragging me to court

Xilsbridalhouse:

pay for paint again ? Baba really wants to cash out on you lol

somehow:


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.

thadotech:
God knows we are trying in this country.

Op just shook a table that has long been awaiting shaking.

I just moved out of a place where I have been staying for like 7years now. And reason was the house was just continuously getting dilapidating and no renovation except I do it myself which I have been trying.
I decided not to pay complete rents for like 2years because I did somethings in the apartment which was meant to be done by the landlord but he still want me to pay his rent in full.
However, my rent and arrears came up to like N650k (Rent N400k and owe is N250k - rubbish 2bed apartment)
I decided to move out and search for another place because the landlord was frustrating me with his pay pay pay.

O boy to get same kind was about N800k around same place which was Abraham Adesanya, Ajah axis of Lagos.

I had to move to where I thought was survival and rented a mini flat for N400k. ( Still expensive) Onosa axis before Eleko

It's killing that Nigeria is turning to something.
Young people and even the striving to survive families have no choice but to leave in slums and hope for betters ahead.

Lekki na die.
Most people leaving there only pretend to be big but work endlessly just to pay rent and transportation. Except the acclaimed G-Boys and blood money geng.

We are leaving in a country where no one seems to even try to enjoy but force him/her self to flex small. And after the flexing surely Sapa must hit you hard.


Las Las we go Sha dey aiit.

Badboibipo:
How can a person have over 300,000 Naira and still can’t afford any descent house? How did we get here?

The first time I moved out of my parents house In 2018 I literally rented a house for 40,000 naira a year, and it was a room self contain in delta.

Today there is no single room self contain below 200-250,000 naira, and that’s even the ones in rural areas, anyone in town is from 300k and above, and yes just a room !!! Wtf is happening?

I’m so worried about Nigerians, am I the only one facing these issues or is every one so rich they can easily pay 300k for a damm single room apartment

Dshocker:
In Nigeria there is no price regulation on commodities,if by 2023 we hand power over to the same Northerns,then by 2030 the least bread will be sold for N500 and the least self contain you can get in lagos,might have jacked up to N400k.
Funny enough,most graduate will still be earning N20k or thereabout,then yahoo yahoo/ritual will increase and the level of prostitution/runz will skyrocket and by 2040 every runz girl will get married to a ritualist (non negotiable)

Nigeria sinks at every cockcrow

Helpfromabove1:


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

Rubbiish:

This can't be true!!!
900k for a two bedroom in Auchi?

luthorcorp:
All thanks to your yahoo Yahoo friends whom you admire and want to be like.

I rented an office but because I look young my landlord thought he has seen a yahooboy he can extort. Imagine after moving in the fool came telling me that the paint I met I will pay for it, I just told him " baba this little conversation is over and until my rent expires we have nothing to discuss ever again".

Aaaaarghmed:
same in Abuja right now,if you see the small room dem give me to rent for 550k in Gwrinpa 62 road.the room be like toilet

Mom007:

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.

Prechgold1180:


U say
Bro if I lie make my life nur better

I Dey when he even make the payment