COVID-19: Sanwo-Olu Tells Lagos Landlords To Reduce Rent Rates
By Henry Odeh
The Executive Governor of Lagos State, Mr Babajide Sanwo-Olu has advised landlords in the state to reduce rents to make life easier for Lagosians stressing that housing deficit in the state can be reduced if stakeholders work hand-in-hand with the state government.
Mr Sanwo-Olu also told landlords in the state to consider allowing residents to pay house rents on a monthly basis instead of yearly.
The Governor made the statement on Thursday, September 24, while speaking at a dialogue with real estate stakeholders in Lekki, The Cable reported.
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.