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 Lagos state government wants the housing defect in the state reduced.
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.
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.
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He said the agency will also ensure it curbs bad behaviour either on the part of landlords or the tenants.
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