Monthly tenancy: Estate surveyors, Fashola disagree

Written by on August 2, 2021

The Council of Nigeria Institution of Estate Surveyors and Valuers, NIESV, has disagreed with the Minister of Works and Housing, Babatunde Fashola, over his proposal that landlords of private property should collect monthly fees from tenants.

The President and Chairman of Council, Chief Emmanuel Wike, who expressed the disagreement, while addressing newsmen at the first council meeting of the institution, in Abuja on, weekend, said the proposal was not tenable, since the government had no control over the individual property.

Recall that Fashola had, at the opening ceremony of the 15th Abuja Housing Show, urged landlords of private property to start charging their tenants monthly, quarterly or half-yearly rents, instead of the current practice of charging one, two to three years of advance rents, arguing that in the post-COVID-19 era, most tenants were owing rents or facing eviction.

The government said it was evident that most houses available for sale or rent belong mostly to individuals and private companies, compared to those the state or the Federal Government could provide.

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