Gov. Sanwo-olu Discloses That Lagos Residents To Pay Monthly Rent To Landlords From 2022

Date: 11-12-2021 9:34 pm (2 years ago) | Author: Olusanya Akinrinola
- at 11-12-2021 09:34 PM (2 years ago)
(m)

Governor Babajide Sanwo-Olu of Lagos State has disclosed that a new policy for monthly tenancy on property occupancy would commence in Lagos State in 2022.

The Governor said this at the Lagos Real Estate Market Place Conference and Exhibitions organised by the Lagos State Real Estate Regulatory Authority (LASRERA) this week.

In a statement signed by the Governor’s spokesperson, Gboyega Akosile, the Governor explained that the new policy is not intended to negatively affect landlords or reduce the expected revenue of the property owner.

“By next year, Sanwo-Olu said a new policy on 'monthly tenancy' on property occupancy would kick-off in Lagos. The concept, he said, is not to punish the landlord or reduce the expected revenue of the property owner.

“He said monthly tenancy would ease off the pressure of yearly rent on tenants, as the new policy is designed to make people pay their rents according to their monthly earnings. The policy, Sanwo-Olu said, emanated from an agreement reached by the association of tenants, a consortium of financiers, and the Government,” read the statement.

This new monthly tenancy plan is designed to enable tenants to pay their house rent as they earn monthly, which will ease the burden of paying huge sums for annual rent at once.

Posted: at 11-12-2021 09:34 PM (2 years ago) | Hero
- Jiiitk4 at 11-12-2021 09:57 PM (2 years ago)
(m)
Gbam!  The People's Governor. Your second term is guaranteed. God bless you.
Posted: at 11-12-2021 09:57 PM (2 years ago) | Gistmaniac
Reply
- FloJoJo at 11-12-2021 10:16 PM (2 years ago)
(f)
In fact, Lagos Governor is doing a good job.
Posted: at 11-12-2021 10:16 PM (2 years ago) | Upcoming
Reply
- nikiniki at 11-12-2021 10:48 PM (2 years ago)
(f)
So association of tenants, a consortium of financiers, and the Government will decide for me what to do with my own property? Where is the inclusion of Landlords in this list? You all must be sick!
Posted: at 11-12-2021 10:48 PM (2 years ago) | Gistmaniac
Reply
- Boi2Man at 12-12-2021 05:18 AM (2 years ago)
(m)
They are doing well babe! I like the sound of the monthly rent payment. Should be implemented sharp sharp
Posted: at 12-12-2021 05:18 AM (2 years ago) | Gistmaniac
Reply
- Ijaya18 at 12-12-2021 05:27 AM (2 years ago)
(m)
This policy will not work except the state government is ready to provide accommodation for those their landlords will kick out of their house, if they fail to their yearly rent. Government should always think very well before bringing out policies that will not work. If government forced the landlords to obey the policy and they decide to quit all the tenants, where will they all reside?
Posted: at 12-12-2021 05:27 AM (2 years ago) | Upcoming
Reply
- Noah147 at 12-12-2021 06:22 AM (2 years ago)
(m)
This is a good idea, have seen tenants begging my mom back in those days just because they can't come up with lump sum and I used to feel, is not right. My mom probably will disagree now lol but I think this is the way forward stop making accommodation too much of a profit profit .let's make it accessible to all. To better future well done governor
Posted: at 12-12-2021 06:22 AM (2 years ago) | Gistmaniac
Reply
- constigoldo at 13-12-2021 12:05 PM (2 years ago)
(f)
I hope you have put enough strategies in place to actualize this, also work on escalated house rent. 
Posted: at 13-12-2021 12:05 PM (2 years ago) | Hero
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