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- The contented of spot ownership successful Lagos is simply a delicate one, with respective radical losing their properties during demolition exercises annually
- To defender against incidences similar this, the Lagos State authorities has extended a lifeline to homeowners
- The caller directive tells them however to unafraid the close ineligible documentation for their properties
Ruth Okwumbu-Imafidon, a writer with Legit.ng, has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.
The Lagos state authorities has issued a caller directive to allottees of assorted state-owned lodging estates who purchased lodging units connected oregon earlier 2019.
The authorities urged the acrophobic allottees to instantly initiate the exertion process for their Deed of Sub-Lease documents.
This is portion of efforts to guarantee the regularization of spot titles successful the authorities and beforehand spot titling and lodging ownership security.
Source: Getty Images
This announcement was made by the imperishable caput of the Ministry of Housing, Abdulhafis Toriola, astatine the monthly stakeholders’ gathering and nationalist enlightenment forum for residents of authorities government-owned lodging estates successful the Ikorodu Division, held astatine the Ayangburen Jubilee Housing Estate.
Homeowners to unafraid Deed of Sub-lease document
The Permanent Secretary told the spot owners that the Deed of Sub-Lease papers is simply a captious ineligible instrumentality issued by the authorities authorities to homeowners successful authorities lodging estates.
He pointed retired that it is their impervious of ownership and a cardinal request for securing mortgages and collateral during concern transactions, according to Leadership News.
He urged the allottees who bash not person the said papers yet to proceed to the Department of Estate astatine the Ministry of Housing, Alausa, to implicit the process and verify their allocation status.
The Director of the Estate Department, Olukemi Fosudo, who represented the PS, explained further that the Deed of Sub-Lease is chiseled from the Letter of Confirmation.
“The Letter of Confirmation is issued to an allottee lone aft they person consented to the presumption and conditions outlined by the State Government successful the Letter of Offer, which besides confirms the completion of each required payments.”
Source: Getty Images
Lagos State warns spot owners against exploitation
Recall that Governor Babajide Sanwo-Olu has warned spot owners and existent property agents against exploiting location seekers successful Lagos.
The Governor declared that bureau fees are capped astatine 10% by the LASRERA laws, and each different interest attached to rentals is illegal.
This determination came successful effect to complaints from Lagosians that existent property agents and spot owners were ripping them disconnected nether the guise of respective arbitrary charges.
The politician besides urged the landlords to clasp monthly and quarterly rent payments to easiness surviving for Lagos residents.
Lagos authorities demolishes properties aft extremity of announcement period
In related news, the Lagos authorities authorities commenced the demolition of amerciable structures across the state.
Legit.ng reported that the owners had been fixed a 90-day play to regularise their ownership and comply with the gathering regulations.
The structures affected successful the workout see structures that bash not comply with the gathering regulations, structures that compromise nationalist safety, and others that failed to unafraid the required approvals for their properties.
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Source: Legit.ng
