Introduction There are a lot of misconceptions out there about renting/ tenancy in Nigeria. In this brief article, we will try to bust those myths and set the record straight! Here are some common misconceptions: Myth 1 Landlords cannot evict tenants when there is no written agreement. Fact Are you playing? In fact, entering a…
This article seeks to let you know in a nutshell few important things before you consider taking out a mortgage. What is a Mortgage? A mortgage is simply a conveyance of land or assignment of chattel as a security for the repayment of a debt or discharge of other obligation for which it is given,…
It is not uncommon for a married couple to want to purchase property jointly as husband and wife. In fact, some consider it ideal. Even though they may have properties to their individual names, they may want to acquire some as a couple, maybe their matrimonial home, maybe for financial security in the event that…
Have you ever wondered why a tenant is so powerful, such that at some point he becomes a torn in the flesh of the landlord? There have been circumstances where a landlord would even have to beg the tenant to leave his property. Have you asked yourselves why landlords don’t manage their property themselves? Once…
I heard once, on television, of a child of a celebrity in America who was less than 10 years old and had an estate worth millions in her name. Of course, she wasn’t the youngest business mogul in the world, her parents probably acquired the properties for her but they were in her name, they…
Let me start by saying; no one ever wants his/her loved ones to die! So automatically, every publication that has to do with steps to take upon/after the demise of a loved one is usually consciously or unconsciously avoided (especially in our African society – where we are taught no say “God Forbid” to talks…
Accommodation is of fundamental importance to humans, thus; drastic increase in population over the past few decades have occasioned a more formal and generally acceptable set of principles governing tenancy, tenant-landlord relations as well as ejection of a tenant from a property. In the struggle to keep pace with the growth in population, it is…
When you want to rent a house, you become a prospective Tenant. Now who is a tenant??? Who is A Tenant? A tenant is a person that occupies land or property rented from a landlord and is subject to payment of rent. Getting a place to rent can be quite a challenge no matter where…
It may interest you to know that a huge number of wealthy men/women do not do the proper thing to safeguard the interest of their surviving ones in the event that they are nowhere to be found. Many of them inadvertently end up enriching their various banks. So many families languishing in penury could not…
