Fashola orders Nigerian landlords to collect rent in arears effective from today June 6
The Minister of Power Works and Housing Babatunde Raji Fashola has asked landlords across the country to reach a tenant-landlord relationship so as to be able to collect rents in arears.
The minister who was speaking yesterday on the theme, ‘Innovative housing finance model as a catalyst for home ownership,’ at an event for real estate operators in Abuja also urged landlords and tenants to reach agreements where rent could be collected on a rolling basis.
“If you ask me to go and bring in advance one year’s rent from what I’m going to earn monthly in arrears, how feasible is that?
“Even my salary as a minister is paid at the end of every month, not even at the beginning; then you the landlord is now asking me to bring next year’s salary, and we’re complaining that there’s corruption.
“I tried to intervene as a governor, passing the resolution to our own council in Lagos then, but the outcome was not peaceful, because there were landlords in our midst.”
“Those who get paid weekly, pay their rents weekly; those who get paid monthly, pay monthly rents,” the minister said.
According to Fashola, starting from June 6, all landlords “should agree to take one month rent in arrears.”