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Tuesday, November 05, 2024

Chronicle Of Blog Visitor Narrative

Hmmmmm....


STAND ALONE NARRATIVE
ADIVCE NEEDED

Dear BVs,
My rent was increased by 75% recently and I am not thinking about rent to own or mortgage plans. I live in Garki Abuja presently and would love people who have passed this road to guide me. I can't tell you the amount of pressure I've been under.
Also, my investment was in real estate  but was demolished in sabo Lugbe by the present minister. Please I'll be checking for what you have to say to me.

Rent increased by 75percent? that is pure wickedness!!!!
let me step back and let the others step forward and give you advice 

32 comments:

  1. I ll advice you move out if you can't afford the new rent. I was struggling with paying yearly rent for my mum in abj and was determined to get a property.
    Eventually I found a cheap one in Kuje, started building and moved her in when most of the building was 95% complete 1yr after.
    I took loan overdraft etc just to do that. They moved in before nepa even came to fix the lights.
    She didn't want to because she felt the neighborhood was a downgrade but I explained she will either move in or call my siblings to pay the rent where she is staying and I look for tenants in this new build.

    In the end, I am grateful I did that project when I did because omo, abuja rent no be am at all. To rent a 3bed in The same location today you ll need 1.2m for rent alone.

    My advice, downsize and look for an uncompleted but approved structure to buy and complete to ur budget within any of the satellite towns.

    May God help you, help us all and lighten the burdens in our hearts. Amen

    ReplyDelete
    Replies
    1. Wow 1.2m that's really fair, the location i am in abuja 3bed is about 4.5 upwards and it's not one of the known expensive area. Rent is really crazy these days

      Delete
  2. Mine was increased to 100%. The property was sold so the new owner increased after renovation.

    My advice is that you negotiate. If you can afford, you pay. If you cannot afford it, please get a lawyer that will give an extension to move out

    ReplyDelete
  3. As long as your placenta is not tied to that area, move to a more affordable place. It's simple. I don't even think this deserves to be a chronicle.

    ReplyDelete
  4. Poster,you have to move out ni oooo. If you want to take it to court,it will take time and many bad things can happen to you,so move out amicably.

    ReplyDelete
  5. Mine was increased by 100% in Lagos suburban. As we were trying to negotiate for installment payment, the landlord decided to renovate his house and served all the tenants quit notice. Most of us have moved at a crazy cost! It hasn't been easy but I thank God for always showing up for me. Abba, please build for me in accordance to your word in Jesus name Amen πŸ™

    ReplyDelete
  6. Mine was increased by 100% in Lagos suburban. As we were trying to negotiate for installment payment, the landlord decided to renovate his house and served all the tenants quit notice. Most of us have moved at a crazy cost! It hasn't been easy but I thank God for always showing up for me. Abba, please build for me in accordance to your word in Jesus name Amen πŸ™

    ReplyDelete
  7. Mine was increased to 150%
    Abuja landlords are not smiling.
    I had to move out. I stay in Gwarinpa

    ReplyDelete
  8. Hmm I remember during lockdown, my rent was increased for over 50%. I thought these things happen only in Accra. People can be wicked err.

    ReplyDelete
  9. Just get cheaper accommodations..

    ReplyDelete
  10. A lot of laws need to change in Nigeria. This is absolutely ridiculous and illegal. In sane countries there’s a legal limit you can increase rent every year and anything after that is illegal and suspect to a lawsuit but it is Nigeria

    ReplyDelete
    Replies
    1. Yes, there are rent laws that fix rate increases. 100% is mind boggling. Most ppl do not get 100% pay increase, some haven't seen a pay raise in years and those who get one its simply a 3-6% increase. I am not sure why anyone would increase rent by 100% or more.

      Delete
    2. The U.S for one generally has no limit on how much a private owner can increase rent

      Delete
    3. U r talking in terms of countries that give some kind of subsidies/ cushions in the form of low interest rate mortgage loans for people to develop real estate and deliver affordable and modern housing to the populace. Not in nigeria, have u ever tried to access mortgage loan from the Federal mortgage bank of Nigeria? I have tried, because i am a federal public officer, guess what? Almost 10 yrs now, u kno naija naa, i dnt have to go into details, but the long n short of the story is that i didn’t have access to that loan.
      So pls tell me, if tomorrow i source for funds, the way and manner and build a house and lease it out, which govt has the impetus to tell me how much i charge as rent? Abeg u ma reason am.

      Delete
  11. Move to a cheaper place God will see you through

    ReplyDelete
  12. Its a season of rent increments for Nigerian landlords. Mine was about 100%. Three of my colleagues were increased by 300% in Lagos. It's pure wickedness. And to get another descent accommodation na wahala

    ReplyDelete
  13. Can you get a reliable roommate to share the cost? You’ll collect the half in advance oh

    ReplyDelete
  14. Not Nice oooo, for this Hard Economy
    Abeg Nne look for a cheaper Place oo..

    Hello iya Boys

    ReplyDelete
  15. My dear Sister it's everywhere ooo. Reasoning the thing can turn someone's eyes. Mine was increased by 50%. When I saw the message I didn't know if I should cry or laugh in this kind of economy.

    What to do is to look for a cheaper place that can fit your budget. E hugs dear. πŸ€—πŸ€—πŸ€—πŸ€—

    ReplyDelete
  16. I won't even blame the landlord, they built the house as investments and business.. they have to survive, things have become so expensive.. has fuel not increased with over 500 percent,. What of food and everything other things people need to survive..

    Honestly, the landlord is even very nice compared to the government

    ReplyDelete
  17. Dear poster, I will advice you move out to a cheaper place

    ReplyDelete
  18. Many landlords, merchants and business ppl are going to wonder why they ended up in hell. Does God care about your market conditions, rates, the times, or inflation? NO. All this usury that is being practiced by one and all in all kind of forms has its reward.

    ReplyDelete
    Replies
    1. Make landlord no chop abi? Maybe it’s you people’s spit that landlord will use to buy stuff in the market. Standard of living has dropped by more than 300%, yet 75% increase in rent is making you people speak English. What will happen to tinubu and his cohorts who put us in this quagmire?

      Delete
    2. I said what I said. If it pains you then go to God and seek for answers. Like I stated, many will find themselves in the pits of hell and don't understand how they got there. One person's survival cannot come at another's destruction. Last time I checked most landlords except for the retired ppl had jobs. And most of the retired ones were not hurting for cash. Did the land taxes go up 100%, NO. Are they paying the utilities of their tenants? NO. The greedflation train that many have hopped on to as a means of making a quick buck while using cost of living as an excuse will derail with many casualties.

      Delete
  19. Some increments are just too outrageous all in the name of things are expensive. It's not fair nau.
    Dear poster for your mental health move to a more cheaper location and of course comfortable as well

    ReplyDelete
  20. Thank you to Stella for posting this as a stand alone. I actually sent it under FAQ.
    To give context, I live in Garki with my family and my kids school in the same street so we save on school bus which was also increased along with fees.
    My concern is that I've tried to move but even moving away from there, the rent is high in neighboring areas plus the relocation cost, agency and all would amount to more cost.
    I wrote to the landlord asking for a concession seeing as this is his second increase within the year. The estate company wrote back to say my request was unacceptable.
    I've taken it in good faith and will seek an alternative option. I appreciate you taking the time to respond. I've felt very bitter because I'd thought that we had a good relationship.
    I guess there's no brother in the jungle of need.

    ReplyDelete
    Replies
    1. I pray God sends you and your family a Christmas miracle and you find accommodations that is comfortable, affordable and beautiful. May God just take full control of your situation and guide your path.

      Delete
    2. Amen!
      Thank you Anon.

      Delete
  21. Hmmm, sometimes they increase it to scare the tenants away so that they will vacate for new people to pack in so that they collect fresh payments In higher rate,so the best advice is for to pack out to another place after all you must not live there nah πŸ™„
    May God fix it for you

    ReplyDelete
  22. This is exactly what happened to my mum. She lives in Garki as well. She just moved out less than 3 weeks ago to lugbe axis because of the madness.

    ReplyDelete
  23. We are paying 350k but the landlord increase the rent to 500k without blinking, I collected the letter andbdraw it inside my wardrobe. I cannot renew that rent by next year and I am not saying anything to anyone till I am ready to move out.

    Is to cut my cloth accordingly to my material and nothing much.

    ReplyDelete

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