By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Monthly Rent Bill: Landlords, Tenants Express Varied Viewpoints
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > Nigeria Housing News > Monthly Rent Bill: Landlords, Tenants Express Varied Viewpoints
tenant, landlord, rent,
Nigeria Housing News

Monthly Rent Bill: Landlords, Tenants Express Varied Viewpoints

Fesadeb
Last updated: 2022/02/08 at 7:36 PM
Fesadeb Published February 8, 2022
Share
SHARE

Nigerians have expressed varied viewpoints on the government’s proposed decision for tenants to pay house rent monthly, as opposed to the annual payment.

The Senate has passed for second reading a bill seeking to regulate rent payments in the Federal Capital Territory (FCT).

The proposed legislation, sponsored by Senator Smart Adeyemi (APC, Kogi), specifically seeks to stop yearly advance payment of rents and compel house owners to collect rent monthly in arrears.

In a vox pop with journalists, Nigerian landlords and tenants aired varying opinions on the proposed monthly rent payment.

Opposing the idea of monthly rent payment, a tenant, simply identified as Idris Mohammed, said that it is easier for a tenant to gather his rent in a space of 12 months.

“I prefer they leave it at that one year because it is not every day you get money, then you have to pay your landlord monthly. Yearly payment is okay. That is my own opinion, I do not know about other people,” he said.

Another tenant, Joseph Michael, opined that the decision was unfair to tenants. He said, “As a tenant, I think it is not fair that we should be paying every month; this is because if at the end of the month, you do not have the money to pay, a landlord can use the opportunity to evict you from the house. I do not support it.

“Rent payment should not be monthly. I live in a self-contain apartment in Port Harcourt and pay about N170,000 annually; let us divide N170,000 by 12; if by the end of the month, I do not have the money, how many weeks will I have to stay in my apartment before the landlord comes knocking? I do not support it because you can use the 12 months to gather the money for your rent.”

Moreso, a landlord, Olawale Joseph, added that due to the economic hardship, it is wiser for tenants to pay rent annually.

tenant, landlord, rent,

He said, “To my own knowledge, I think annual payment of house rent is the best. Considering the fact that the economy is not easy for everyone, we thank God everyone is doing fine. However, paying house rent monthly cannot work. Even as we collect rent annually, there are some people that are finding it difficult to pay. At the end of the day, they begin to beg and give excuses.

“As a family man and a believer, I have to be considerate. In some instances, I have to collect lesser than the agreed amount. Even before they come up with the money, it is tough.”

Having a different view on the matter, another landlord simply identified as Adefemi Adegbemiro, noted that Nigeria was one of the few countries in the world where landlords collect rent annually.

He said, “To me, it is a ‘cash out mentality’ for a landlord to ask for a year’s rent from their tenants. I have tenants in my house. Although that is what applies here, to me, it is not the best.

“I have been to about eleven countries in the world and it is only in Nigeria that they collect rent annually or bi-annually. Everywhere across the globe, house rent is paid monthly. Your rent should be tied to your income. When you get your income, you pay your rent and other bills. Waiting for a year then give your landlord the bulk sum is not the best.”

A tenant, Victoria James, while airing her views, said that for some people, it is easier to pay rent monthly.

“As a tenant in a house, I will suggest that we pay the rent monthly due to the situation of the country. Some people cannot afford to pay rent annually, but the monthly payments can easily help most people come up with the money.

“In this case, they can pay their rent and have money for some other things due to the situation in the country,” she said.

Similarly, Juliet Uka, who is also a tenant, said, “I prefer they make us pay rent every month. People can afford monthly rent compared to paying annually. In Enugu, if you cannot afford annual rent or six months’ rent, you can pay monthly. It has made things easy for people. I think they should do the same thing in Abuja.”

You Might Also Like

FCT Land Reforms Will Boost Investor Confidence in Housing Sector — Braimoh

$3.3bn Crude-for-Loan Deal Legitimate, Transparent — Civil Society Coalition Defends Mele Kyari

₦10bn Aso Rock Solar Project a Misplaced Priority — Ekiti Governorship Aspirant, Emmanuel Fayose

Urban Renewal in Kwara a Model for Other States — Chief Olabode Afolayan

Dr. Bolaji Akinmulero: Bridging Continents with Compassion, Culture, and Empowerment

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

TAGGED: african housing news, Latest Housing News & Updates - Africa Housing News, Nigerian Senate
Fesadeb February 8, 2022 February 8, 2022
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?