Monthly, Flexible Rent Payment Berths In Nigeria

October 12, 2018


Respite has come the way of Lagos residents who undergo untold pains in securing
apartments in the commercial city.
A property management firm, called, has been established to address
the complexities and intricacies associated with easily finding a suitable, affordable, choice
apartment within preferred locations.
While disclosing this in Lagos, the Chief Executive Officer (CEO) of,
Tunde Balogun, said the absence of a flexible rent payment system was also one of the
major reasons that gave birth to Rent Small Small.
"It's no news that the norm in Lagos State as well as most states in Nigeria is the yearly
payment of rent. A huge fraction of inhabitants and tenants largely complain about the
impracticality of this scheme over the years. Nigerians benefit more when things are made
in smaller pieces e.g water became easily accessible when sachet water came into
existence, same goes for milk and detergents.
"Hence, offers a unique plan that proves to be a win-win not just to
tenants, but even to homeowners as well.
"Tenants get on-budget housing, flexibility when it comes to lease and payment of rent
(monthly, quarterly and annually), as well as ease when it comes to selection of suitable
apartment (locations that maintain proximity to work or place of business) as well as
reduced delays in finding such apartments and less bureaucracy for move-in modalities,"
he said.
According to Balogun, the package would afford home owners the opportunity to get
steady, reliable income throughout the year.
He explained that initiative is backed by insurance, screened and verified tenants, high
visibility and reduced vacancy period for landlords' properties. He added that this is
possible through top notch property management.
In his words: "The workability and efficiency of the initiative is quite
impressive as well as totally sustainable and it's not hard to imagine that in the coming
months, this design will be adopted by many other states across the federation, as well as
other African countries that do not operate this scheme."



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