Former Works and Housing Minister Babatunde Fashola (SAN) has called for the review of tenancy laws in states to compel landlords to collect rents monthly
The former governor of Lagos State spoke at the launch of his book titled: “Nigerian Public Discourse: The Interplay of Empirical Evidence and Hyperbole,” in Lagos.
He also reflected on the burden of housing surplus in rural areas whereby their owners are confronted with deficits in cities, thereby predisposing them to renting houses.
Fashola said payment of rent for up to three years or more by tenants to landlords should be discouraged, adding that it is overwhelming to tenants.
He pointed out that many houses are unoccupied due to the way rents collection are structured and collected.
Fashola said: “If you do not understand how dramatic and painful that three, four or five years rent has become to our nation, we have not consciously done anything to it.
“Can we bring it down from three years to one year? Can we hopefully bring it down to six months? Can we let it coincide with when people get paid; at the end of the month instead of in advance?”
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Will it work here?
Heard
Can the govt build houses for people and stop telling landlords what to do with their investments. Yearly rent collection is fine but not monthly. Nigerians will take undue advantage to owe rent, since everybody cannot be landlords, people have no choice than to continue to pay for rents. It is not easy to build a house with the costs of building materials, some landlords take loans from Banks to build, how do they repay back the loans if tenant pay monthly or are owing
Mr Fashola, you were the housing minister but did propose to law makers to establish a law in regard to rental payment before you left. Nobody will take you serious pls when you have the opportunity to make a difference you did nothing sir. Rest pls