Sunday 28 October 2018

Things To Do When Your House Rent Increases In Nigeria




Getting a notice of house rent increment from your landlord is obviously one of the worst ways to start a day. As a matter of fact, you will be so frustrating that you tend to transfer aggression on anybody. God save madam if she dares ask of money that day.

Sadly, this is the reality people are facing in Nigeria today. As you read this article, someone just got a house rent increment notice. The most painful part of this is the fact that most people don’t have a clue about what to do when they receive this notice.

Therefore, in this article, you will learn the 3 things to do when landlord increases your house rent.

Things To Do When Landlord Increases Your House Rent


#1. Tell The Landlord To Give You Time To Think About It


One of the things to do when landlord increases your house rent is to request for time to think
about it. You don’t need to make an impulse decision as to whether you will continue to stay in the house or not. Rather think about it thoroughly.

As a matter of fact, you need to match your current expenses with your income and see the likely effect the proposed increment will have on your financial health. The decision you will make will be based on your analysis of your financial strength.

#2. Negotiate If Possible 

You can have a heart to heart conversation with your landlord. Negotiate with him passionately and if possible let them know that you may have no option but to leave the house.

If you have a good record of paying your rent as at when due, he may want to keep you. Therefore, he may likely reduce the new price for you a little.

#3. Moving Out

Moving out is one of the things to do when landlord increases your house rent. However, it is advisable to see moving out as last resort. In fact, you have to consider moving out after exhausting all other options.

Some of the conditions that will make you leave your apartment after an increment notice are;

-When you can’t afford the proposed increment
-The landlord doesn’t pay attention to tenants complaints in the compound
-Common areas or amenities are not maintained
-Your neighbors are paying less down what you are paying in the same compound and house size

Source: http://www.24hoursreporter.com/2018/10/27/3-things-to-do-when-landlord-increases-your-house-rent-in-nigeria/

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