Damn you guys sound a whole lot like Wikipedia. So una carry all these information for head? Lets focus on the main issues abeg. How to reduce rent.
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All said and done, the biggest solution to the Rent issue is getting a Roommate/Flatmate.
(like daffy and bugâs)
I am so surprised that in most of you guy's University days, you could get a room with a total stranger and think nothing of it but all of a sudden upon graduation and with little money, you expect to maintain a full flat in Lagos of all places? C'mon people. Pick a struggle.
Most cities in the world with the real estate costs of Lagos has strongly entrenched roommate culture. So this was a tool I built in my final year in school to find a roommate. I just re-tooled it for Radar. Hopeful, you donât get matched with @xolubi. 
check out - http://irentaway.com
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@xolubi makes awesome pasta.
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Wow this trend is pretty vast with data.
I occupy a 400k 2 bedroom flat apartment in Ajah(I wonder why they call it a flat).
Fast forward, Iâd love to extend a helping hand to a fellow dev or designer that needs a suite room. Remember nothing is free in America tho and likewise Lagos. But Iâll be very considerate.
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You donât sayâŚ
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Ezra don cast. Lool
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This thread highlights the major problem holding the Nigerian economy back, a lack of access to credit. There is no way a sustainable middle class can survive without credit. If your monthly salary is 250k, you should be able to borrow at least 200k a month with a credit card. The major problem is the lack of tracking systems, I feel the banks should all come together and use the BVN numbers as the beginning of this credit rating system.
http://olasope.com/2016/02/18/financing-small-businesses-scared-banks-wasted-ideas/
So true, when you have just 0.1% of the population living in âdowntownâ lagos, no one spends money, so commerce is poor, night life is poor. Itâs why I feel Ikeja has some semblance of a real city.
Nigerian banks are part of the neocolonial economy I mentioned. Like the old British banks at marina they finance a dollar collaterized economy which is government oil backed spending and international trade. They are nowhere in the real Nigerian economy except to hive off the common folks precious deposits or to perpetuate insider fraud.
I always cite Kenyas equity bank as an example of how a retail bank should work in Africa. They know how to lend, who to lend to and how much. They made credit widely available in Kenya.
Dude, now I am getting very worried about your âneocolonialâ views.
So how neocolonial brainwashed is my uneducated Dad that managed to build 50 face-me-I-face-you rooms under one roof in Ojota over the period of 30 years as his pension pot? Oh by the way, it was funded by the local shoemakers cooperative (Ajo) that he belonged to and it was built debt free. Since he laid the foundation 30 years ago, he has always collected 2 years rent and has never failed to increase the rent whenever its due as he claims that the bi-annual rent of his face-me-i-face-you rooms is tracking the value of U.S. Dollar and FTSE. Also he is one of the old school folks that are regarded as âunbankableâ - meaning he has never owned and is not willing in having a bank account
So where did his âneocolonialâ views come from? Please educate me.
And I worry about your reading comprehension. Was your fathers cooperative a licensed Nigerian BANK? Do you even understand the meaning of neocolonial economy?
Nope. It was a local cooperative made up of shoemakers without BANK accounts! They take it in turns to collect money from their circle of trust without any formal contracts, organisation or interest rates.
As far as I understand the neocolonialism that you are trying to push is the influence of the British in the current Nigerian economy which is a bit worrying. I am trying to make you see that itâs just pure economics at work and the Queen of England is not pulling any strings at Marina
Thatâs why I am suggesting that you educate me as my own definition comes from -
âNeocolonialism, neo-colonialism or neo-imperialism is the geopolitical practice of using capitalism, business globalization, and cultural imperialism to influence a country, in lieu of either direct military control (imperialism) or indirect political control (hegemony)â -
I am all earsâŚ
The British colonialists were in the business of resources extraction for the development of British industry. Cocoa, palm oil were controlled by the Royal Niger Company which today is UAC. Standard Bank and Barclays which today are Union Bank and First Bank served to finance European traders. The post independence Nigerian history has shown that little changed other than British colonial elites replaced by Nigerian elites. Nigerian leaders follow the same formula relyings almost totally on oil exports for foreign exchange and government revenue. Its political elite have more loyalty to trade dollars.foreign houses and bank accounts in London than to Nigeria. Saraki who is being prosecuted for false asset declaration has 21 houses in London. Nigerian banks only lend for trade and dollar collaterized projects like oil and gas, telecoms, etc.
No wonder your father and millions of others are frozen out of the formal credit markets. While the newspapers are tracking the dollar, the biggest industry in Nigeria which is agriculture remains a hoe and machete affair. Practically zero credit. While the elite build a few thousand overpriced luxury dwellings in Ikoyi with bank loans, the common Nigerian has little access to a mortgage. Tell me this is not neo-colonial economic thinking.
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Just seeing this but i must say we shouldnt blame only the landlord. We are ALL unfair to each other. Even when people pay for a year, they plan spending 1 year and 3 extra months free. When we limit it to monthly due, many will spend 6 weeks, and pack out when after paying for only a monthâŚ
When trust, integrity and most importantly mutual fairness is missing, expect the unexpected.
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Why canât landlords put immediate evacuation notice on default of payments explicitly on the agreement and get an actual lawyer or judge to sign it. This makes the document sealed by law. This should work better. You canât go to a hotel and pay for one night and when the time expires you start telling the manager you are not leaving. The manager doesnât need a court order to get you out, all he needs are two bouncers with better muscles to beat the life out of youđ
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Not really. Legal documents donât work like that. There are laws around tenancy that would actually render such a document invalid and if argued properly by the defendantâs lawyers, can make the landlord entitled to nothing. Remember how in Silicon Valley (the show), the wrong clause in the Hooli employee agreement rendered it invalid and made Richard get away with the case against him as his employment with Hooli was no longer legally recognized?
Hotels are hospitality services covered by an entirely different set of rules.
This is KEY!
Eviction Is Just Business
Most landlords are not immune from having bad tenants. Yes! tenant screening is important, but itâs not unusual for a well-intentioned tenant to struggle to pay rent from time to time. @xolubi once mentioned in a certain thread his dilemma in reconciling rent with his landlord few years back.
Even if your tenant is a Reverend OR Imam, sometimes they just wonât be able to pay you. When thatâs the case, you simply canât let them stay for FREE, especially when there are others who will have no trouble paying you consistently. 
Eviction seems harsh, but itâs the business of rental properties. If a tenant canât pay, sometimes, itâs as simple as asking them to leave. Other times, you will have to go through the formal eviction process.
Regardless of the situation, I however donât agree you need;[quote=âHollushar, post:76, topic:4679â]
two bouncers with better muscles
[/quote]
I believe âSelf-helpâ evictions are illegal in Nigeria 
. Even if the tenant is a deadbeat, a liar, and causing physical damage to your property, one got to treat the issue wisely.
If your tenant has chosen to be uncooperative, one of the most important steps is to provide adequate ânotice of evictionâ. This should be a simple document that gives an ultimatum â telling your tenant why they are being evicted and what they can do to avoid that eviction; pay rent, clean up the house, etc.
The eviction notice should include a deadline (date) to âpay-rent or move outâ.
It should include the amount owed (including all fees).
This document should be taped to their front door.
Make it easy on yourself â let your tenant know that youâre serious about the situation. Usually, a formal eviction notice is enough to whip them into shape.
Otherwise, if the set amount of time (usually a week) goes by and nothing has changed, itâs time to file the eviction with the appropriate authority.
Trust me, if you patronize two police officers in uniform and they assist you deliver an Eviction Notice Letter, the tenant will USE HIS/HER HEAD. 
This thread can produce a startup; ScreenTenants.NG - a national criminal history, eviction, and public records search.
Hello,
Will you guys be interested in renting apartments of your choice for free?
As in ,your rent money will be returned to you once your rent expires.
Let me know.
Lol. What are you about to tell us?
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Lmao, really?