Imagine houses built between 2018-2023 where a single rooms rent is placed @ #130K which the rent fee is evaluated according to the nature of the economy and the cost of building materials which would be extremely expensive and houses built between 1990s-2017 charging its house same 1 single rooms at same rates at #130K even when the houses were build when the economy was kindly impressing comparing to today's.
I don’t want to support the inconsiderable price hike in rented apartments in the country but when you look at it from another perspective, you’ll be convinced that the price hike was done because of the current situation of the Nigerian economy. If they don’t hike the prices of those houses, where will they get money to continue maintaining the houses for people to rent. Remember if he had bought a roofing sheet for ₦2000 and the same roofing sheet now worth ₦6000, he will have to adjust and spend more to fix one when spoilt. The same applies to every other material needed to maintain the house.
Solution opinion to the situation
The government could play and help minimize this hiking rents issues simply my issuing mandatory orders on every landlords and give them a specific range of charges they are expected to rent their house and anyone violating the rules must be penalized and every landlords must issues rentage receipts to every of its tenants because the amount stated in the receipt would be used to justify any of the reported landlords if overcharging their house occupants and there should be an active functioning phone number that is to be reached and report any forms of the landlords.
I think the cautioned of governments authorities to the landlords would help this nature of situations.
Yes, the government can play their own part in this and needs to do it for the benefit of its citizens since they are the ones that have caused the hardship to its people. Some landlords just increase their price without checking to see what the value of their house will be, they just follow suit as other members does and this is not a good thing when we look at it. If your house doesn’t worth that much, you shouldn’t be collecting as a house that worth more than yours that have used a more quality material to build the house. If this would be curtailed, we need the involvement of the government to make it happen.