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Nairaland Forum / Nairaland / General / Properties / Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great (16982 Views)
To Let: 2 Bedroom Flat + Study At Ijegun, Lagos. Rent Is 300k Per Annum / Lagos Rent To Own Policy: A Nairalander's Success Story / Lagos State Govt Rent-to-own Scheme (2) (3) (4)
Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by PortableAngel: 8:55am On Dec 05, 2016 |
The long awaited Lagos Rent-to-Own Scheme has been scheduled to commence on December 8, 2016. The project which is meant to satisfy the hopes and aspirations of low-income earners in Lagos is finally here. However, the housing project has been doubted by so many Lagosians who feel that it is one of the government methods to deceive the people and reserve the properties for a group of people in government. Governor Ambode has made a number of provisions to make sure that the houses go to the low-income earners. Below are the top six reasons that make the Lagos rent-to-own scheme genuine: Only first-time home buyers are eligible for the scheme The governor slashed the prices of the homes to encourage low-income earners The home is not transferable The house will be paid for from the source of income There is an age limit The Rental Housing Policy will cover the working class. According to the Commissioner for Housing, Mr. Gbolahan Lawal, the policy was in response to the yearnings of residents for affordable and decent housing. He said that the `Rent to Own’ policy would target low-income earners in both formal and informal sectors, while the `Rental Housing’ policy would cover the working class. He said that the `Rent to Own’ policy will also cover those with regular income, with the rent deducted from source. He said that the government would kick-start the project with over 1,000 units out of the 3,192 units earmarked in the first phase. Lawal said the first phase of the project would be sited in the following areas: Epe, Agbowa, Ojokoro, Alimosho, Igbogbo, Igando, Iponri, Surulere, Eti-Osa, Ajara and Badagry. He said that five per cent value of the housing unit would be paid as commitment fee on the Rent to Own Policy, while the balance would be spread for 10 years. On the Rental Housing policy, Lawal said that rent would be collected on a monthly basis, and tenants were required to pay one month deposit, according to the prevailing rent in each location. He said rented apartments are not transferable. Lawal said that applicants must be primary residents in the state and would be required to submit a copy of their Lagos State Residents Registration Card. He said that applicants must be first-time home buyers, must be 21 years old and above, as well as be tax compliant, among others. The commissioner assured that selection process will be credible, fair and transparent, saying units in the rent to own scheme spread across the state ranges from one bedroom to three bedroom flats while unit price ranges from N1.5m to N25m depending on location and type. Source: https://www.tolet.com.ng/blog/why-the-lagos-rent-to-own-scheme-is-genuine/?utm_source=nairaland&utm_campaign=nairaland_5_12_2016&utm_medium=blog 4 Likes 2 Shares |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by ERONX(m): 9:15am On Dec 05, 2016 |
25 mill, and u call DAT affordable? 2 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by PortableAngel: 9:27am On Dec 05, 2016 |
ERONX: but have you considered that you can get a home for as 1.5 million in Lagos? You can't get that anywhere even if you want to build 10 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Nobody: 6:27am On Dec 06, 2016 |
Great idea by Lagps state government. 3 Likes 1 Share |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Afam4eva(m): 6:27am On Dec 06, 2016 |
25 million? I thought the scheme was for low income earners. Where exactly do they expect them to get that kind of money. I have always been against buying flats at exorbitant amounts because you don't own the land that the flat is on. if something happens to the flat then what do you do? 4 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by adewumiopeyemi(m): 6:28am On Dec 06, 2016 |
make i TYPE fast before they hajack am GOOD MORNING GUYS 1 Like
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Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by darkmarky(m): 6:28am On Dec 06, 2016 |
Afam4eva: dont mind those fvckers they want people to live on credit. 3 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Saintbonnie(m): 6:29am On Dec 06, 2016 |
Let's hope the government can get it right this time |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Nutase: 6:30am On Dec 06, 2016 |
Hope it works. |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by chigoizie7(m): 6:32am On Dec 06, 2016 |
25mill can build 2 or 3 3-4 bedroom flats for me nah. 1 Like |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by colbankz(m): 6:33am On Dec 06, 2016 |
i smell anoda series of SCAM.....lemme run b4 dae cm 4 m 2 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Nobody: 6:33am On Dec 06, 2016 |
Finally i can upgrade 1 Like |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by TeamSimple(m): 6:36am On Dec 06, 2016 |
Still not affordable. |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by DaCharis2016: 6:37am On Dec 06, 2016 |
This is a good development. How can someone get a Resident Registration Card? |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by habex005(m): 6:37am On Dec 06, 2016 |
Noted |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by mfujah(m): 6:39am On Dec 06, 2016 |
PortableAngel:leave the boy na... he's a true Nigerian "always complaining" 4 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by ayindejimmy(m): 6:40am On Dec 06, 2016 |
chigoizie7:In the same locations? i hope you read that the payment is not once . 1 Like |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Nobody: 6:42am On Dec 06, 2016 |
I came here for enlightenment comments. I guess I'm too early. |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by skimarvel: 6:42am On Dec 06, 2016 |
Atleast there seems to be one state that cares about the welfare of it's citizen.. |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Heterodox(m): 6:47am On Dec 06, 2016 |
That is why DBS remain the best earning platform. Wondering what I'm talking about, check my signature. |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by truthspeaks: 6:47am On Dec 06, 2016 |
Ppl shld learn to read abeg 2 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by fkj950ax(m): 6:48am On Dec 06, 2016 |
ERONX: Why do you revel in distorting information. 1.5m to 25m. You intentionally ignored the 1.5m and caused people to erroneously follow you down the dark path of 25m-scam-not-affordable... 30 Likes 2 Shares |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Kenechi1: 6:51am On Dec 06, 2016 |
Too good to be true in Nigeria 3 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by IamNat: 6:53am On Dec 06, 2016 |
kk |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by cbrass(m): 6:54am On Dec 06, 2016 |
That one of 25m must be the 3bedroom and probably in a more popular area. I think it's cool since u will spend at least 10yrs to pay 3 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by cbrass(m): 6:56am On Dec 06, 2016 |
fkj950ax: He is a sambalat, don't mind him 3 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Nicolars(m): 6:56am On Dec 06, 2016 |
somepeople are just be stupid and just full of hate cant you see 1.5m to 25m you r still shouting 25m is too much it is stated there that based on type and location and who is that slowpoke saying he will build 2-3 houses with 25m 3 Likes |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by Leyqute(m): 6:57am On Dec 06, 2016 |
Afam4eva: I don't know what the problem is with some people. You see 1.5m to 25m yet you capitalized on 25m and start saying rubbish. What kind of person is this? Do you ever want your country to compete globally? If you see good thing abeg laud am, don't politicize everything. If it's a good scheme people will give testimonies sooner or later. Stop killing development. Think about the future. 13 Likes 1 Share |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by dingbang(m): 6:57am On Dec 06, 2016 |
I pray the houses don't collapse |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by hisgrace090: 6:59am On Dec 06, 2016 |
A welcome development. |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by CXLVII: 6:59am On Dec 06, 2016 |
Willie Obiano has signed the MOU for it to commence in Anambra state also It's stated in the MOU that they would be starting with a billion housing unit for low income earners which would be sold for 200k per unit Believe Obiano's MOU at your own peril |
Re: Top 6 Reasons Why the Lagos Rent-to-Own Scheme is Great by stpat1(m): 7:03am On Dec 06, 2016 |
One would wonder if its only Lagos that is a state in Nigeria. Others are simply existing on paper only. Kudos to Ambo 7 Likes |
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