Governor Sanwo-Olu tells Lagos landlords to consider monthly rents

Governor Sanwo-Olu tells Lagos landlords to consider monthly rents

- The Lagos government has advised landlords to adopt monthly rent collection instead of yearly

- The idea was recommended by Governor Babajide Sanwo-Olu at a dialogue with real estate stakeholders

- Sanwo also explained that the agency, LASRERA was set up to manage data on real estate operators

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The Lagos state governor, Babajide Sanwo-Olu has told landlords in the state to consider allowing residents to pay house rents on a monthly basis instead of yearly.

Sanwo-Olu made the statement on Thursday, September 24, at a dialogue with real estate stakeholders in Lekki, The Cable reported.

Governor Sanwo-Olu tells Lagos landlords to consider monthly rents

The Lagos state government wants the housing defect in the state reduced. Photo credits: Sanwo-Olu
Source: Twitter

He also advised landlords to reduce rents to make life easier for Lagosians.

The governor pointed out that the housing deficit in the state can be reduced if stakeholders work hand-in-hand with the state government.

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He said:

“Landlords should see how they can reduce yearly rent to monthly. The housing deficit in Lagos is huge and unacceptable, but the government cannot do it alone.”

Sanwo-Olu disclosed that the Lagos State Real Estate Regulatory Authority (LASRERA) was inaugurated to manage data on real estate operators in the state.

He said the agency will also ensure it curbs bad behaviour either on the part of landlords or the tenants.

In another news report, in preparation for life academic activities, the Lagos State Ministry of Education has approved resumption dates for the 2020 to 2021 school session.

In the time table, both public and private schools will resume the first term academic activities on Monday, September 21, 2020.

The term is expected to run until December 18, 2020, while the second term will begin January 4, 2021, and run until April 16, 2021.

Meanwhile, Governor Babajide Sanwo-Olu has ordered the reopening of schools and also permitted churches and mosques in the state to resume full services.

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Sanwo-Olu said mosques can hold their prayers five times daily while churches can also commence weekly services.

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