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It Is Unlawful And Illegal For A Landlord To Unilaterally Increase Rent. (20491 Views)
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Bobodee09: 2:36pm On Jan 04 |
It is unlawful and illegal for a landlord to unilaterally increase rent without first consulting or renegotiating the price with the tenant - Speed Darlington?s lawyer, Stan Alieke, says Counsel to embattled singer, Speed Darlington, Stan Alieke, says that it is unlawful for any landlord to unilaterally increase their house rent. According to Alieke, several courts in Nigeria have ruled in a plethora of cases that it is unlawful and illegal for a landlord to increase rent without consulting or renegotiating the price with the tenant. 8 Likes 2 Shares |
Bobodee09: 2:38pm On Jan 04 |
The ers of wicked landlords ....hope this will clear you.
44 Likes 2 Shares |
MasterJayJay: 2:39pm On Jan 04 |
Did cement companies negotiate with the landlords before increasing price of cement?
179 Likes 22 Shares |
Factcheck0001: 2:39pm On Jan 04 |
Bobodee09:for house wey u n landlord gather buy d block? 138 Likes 12 Shares |
ibechris(m): 2:50pm On Jan 04 |
Yes,some landlords are idiots. But some tenants are even crazy and wicked. In all,let them take their madness to the court if they can't resolve it. Anytime I thought of building a house for rent I just feel sick. I respect those who are doing it honestly. It is not economically wise at all. I see those building houses as people who just want to help the govt in areas they have failed. If u check out the economic viability u will see that it is not the best investment. Rather,buying an old house,rehabilitating and reselling it gives u more money than renting. 72 Likes 10 Shares |
PresidObi: 2:55pm On Jan 04 |
where is the law that prevents communities from increasing land costs arbitrarily, or stops omo onile from collecting so much money from landlords?
58 Likes 3 Shares |
Larryfest(m): 2:57pm On Jan 04 |
MasterJayJay:Some houses have been built as far back as 20/25yrs ago and the landlord still uses this same line. Some don't even renovate their houses yet they keep increasing the rent every year. It shouldn't be so. 91 Likes 5 Shares |
PresidObi: 2:57pm On Jan 04 |
ibechris: You're correct. Any day the government decided to go against land investors, tenants will suffer badly. Landlords are the worst kinds of businessmen, very poor returns. 24 Likes 2 Shares |
PresidObi: 2:58pm On Jan 04 |
Larryfest: Have you asked the landlord if he has recouped his initial investment even after 30 years? 51 Likes 5 Shares |
Bobodee09: 3:16pm On Jan 04 |
MasterJayJay: Nah every year the landlord dey rebuild the house nah. Sometimes you will just wonder ..... Na wa ooo 27 Likes |
Bobodee09: 3:18pm On Jan 04 |
Factcheck0001: Na why en suppose dey increase rent every 6month nah instead of waiting for every year. 6 Likes |
Validated: 3:18pm On Jan 04 |
I do not believe that the law exists. Otherwise, landlords will just give tenants quit notices with the pretence to have the house renovated. By God's grace, I am a landlord, and God graciously gave me some of the best tenants. However, whenever I am making any increase, I will pre-inform them through my lawyers and none has ever objected, because my rents are clearly within or below going rents. 39 Likes 1 Share |
MasterJayJay: 3:49pm On Jan 04 |
Larryfest: Bobodee09: Don't wait till you become a landlord before you understand the meaning of inflation and currency losing value. Inflation is hitting everything, naira has been losing value and you think rent should remain static. Dey play. 21 Likes 1 Share |
Bobodee09: 3:54pm On Jan 04 |
MasterJayJay: Still doesn't justify the wicked act of increasing rent by almost 100% every year. inflation my ass. 24 Likes 1 Share |
Bobodee09: 3:55pm On Jan 04 |
Validated: And am sure you don't increase rent every year. Tenants deserves landlord like you not the wicked ones. 8 Likes |
MasterJayJay: 4:01pm On Jan 04 |
Bobodee09:No be wickedness. If person give you price and you no fit pay, you look for another. Housing na market, like every other market. Tinubu wey increase price of petrol by more than 300% nko. 16 Likes 1 Share |
naijaking1: 4:07pm On Jan 04 |
Rent is subject to market forces, not socialist government regulations. Any tenant who decides to drag issues with the landlord instead of going to build his own will eventually loose! Cement, roofing, and painting have skyrocketed and yet you want to keep paying the same 1990 rent in 2025. Government can't control transportation costs after fuel price increases, yet some people think it must control rents. 13 Likes 2 Shares |
Softmirror: 4:13pm On Jan 04 |
Bobodee09: This is true. A good landlord gives notice 6 months before increament. 60 Likes 1 Share |
Bobodee09: 4:53pm On Jan 04 |
MasterJayJay: Nah everywhere year tinubu dey increase petrol 300%. If not for agreement and commission fees....people will gladly leave such house. Once again it is wicked and heartless landlord that increase house rent every year. Shior. 14 Likes |
Bobodee09: 4:54pm On Jan 04 |
naijaking1: If the transporters increase bus fares by 100% everyday am sure you will gladly pay without complaining?? 4 Likes |
ibechris(m): 6:52pm On Jan 04 |
PresidObi: Someone would build a three storey building in Umuahia and be collecting 300k for three bedroom at a cost of about say 60 to 70million. After the completion,he would realised say 1.9 to two million in one year. Can u see what am saw according to Zeburadai? What a waste? I would rather invest that money in a long term bonds that will yield me minimum 20% per annum with nothing less than 14million or 12million per annum. Some will argue,that the land wound increase in value,but the truth is that,many would not be alive to see that value and many of such properties may not actually increase at such pace. 14 Likes 3 Shares |
MasterJayJay: 6:56am On Jan 05 |
Scenario: Rent is 220,000 naira per year in 2022, Landlord can use that to buy five bags of 50kg rice with change. 2024, landlord writes to tenant that the new rent starting from 2025 will be 350,000 naira. Note that the 350,000 naira can only buy FOUR bags of 50kg rice with small change. From tenants perspective, he thinks the landlord has gained by increasing the rent from 220,000 naira to 350,000 naira. But the reality is that Landlord is trying to catch up as inflation and weakness of naira keep eroding his income from the rent. 23 Likes 2 Shares |
ToIus: 6:56am On Jan 05 |
Why is our law makers not sayin or do anytin about dis rent issues in Nigeria
2 Likes |
Nahunger(m): 6:57am On Jan 05 |
Very needed oo
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missionmex(m): 6:58am On Jan 05 |
MasterJayJay:Cement they bought today or the one of 1995 |
gasparpisciotta: 7:00am On Jan 05 |
Dey play. Pay the rent or find another house 7 Likes 1 Share |
MasterJayJay: 7:01am On Jan 05 |
missionmex:So If I buy a house with 50,000 naira in 1960, you expect me to sell it 50,000 naira in 2000? 8 Likes 1 Share |
Okortor: 7:02am On Jan 05 |
Imagine.......naso one increase my guy's rent over 300% percent as they refused to pay it..he issued one month notice to yearly tenant and after expiration of the one month notice.... he's now using the police to harass and threatening them into forcefully exit the house instead of a proper 6month notice.....who does that? Police don turn court judge for tenant and landlord matter.
5 Likes 1 Share |
missionmex(m): 7:02am On Jan 05 |
Factcheck0001:Make only him live inside all the house na. Just as much as the tenants need the landlord so also the landlord need the tenants. It's a symbiotic relationship. 2 Likes 2 Shares |
opera1(m): 7:05am On Jan 05 |
This doesn't work in Nigeria
1 Like |
DesChyko: 7:05am On Jan 05 |
An agreement was signed prior to leasing the apartment. That is binding on both Landlords and Tenants.
2 Likes |
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