Breaking News
Translate

Fashola blames agents for accommodation high cost

By Olasunkomi Akoni & Monsur Olowoopejo

Governor Babatunde Fashola of Lagos State has attributed the high cost of accommodation in the state to the unreasonable demands by estate agents from prospective tenants in form of high fees, commissions and upfront payments.

Fashola, who made the remarks while receiving a delegation of the Nigerian Institution of Estate Valuers and Surveyors, NIEVS, in his office, noted that the high demand prevents the poor from having access to decent accommodation.

He, therefore, called on members of the body to furnish his office with the basis for charging fee as high as 15 percent and demanding upfront payment of two years and even more from prospective tenants.

The governor cautioned the delegation to see themselves as individuals who are rendering social service adding that the most practitioners can demand from prospective tenants should be one year upfront payment if not six months, noting that to ask for payment spanning four years or thereabout forecloses many from having access to accommodation.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.