I think sooner or later Nigeria will have to move away from annual rent charges - I'm not sure any other country leases property in this fashion as the norm.
Not only does the current system require a year of saving and an immense outlay to take up a lease, but it creates a terrible power imbalance where you are relying on the agent/landlord's good will to make repairs etc over the following 12 months.
Twice now my family and I have paid this annual rent, services fees etc only to have agents/landlords refuse to carry out previously agreed repairs and fail to address new issues that come up during the term of the lease.
The tenant is then either stuck with a property with issues, or paying to fix the landlord's property.
Posted Using LeoFinance Beta
Beautiful response my friend, I do believe that the imbalance is quite unfair, where im currently living the landlord has refused to make some basic repair to the house even after my continous renewal of the rent. They know at one time or the other one will be forced to repair the house.
The system don't favor the people who are renting as one is constantly at the mercy of these people to effect a change.
i'm sorry about the money you have had to spend, its what it is. These Landlords use these system of ownership to control and suppress people.
Posted Using LeoFinance Beta