See how this company is seeking to make houses affordable for Nigerians

• JHomes, a tech-driven rental platform, has announced an inaugural to code concerns astir Nigeria’s lodging assemblage amid harsh economical realities
• The institution said the initiative, scheduled to motorboat connected July 1, 2025, would connection Nigerians the accidental to wage their rents monthly
• It added that the improvement would besides code the excesses of immoderate landlords and location agents

A caller integer rental platform, JHomes, is acceptable to motorboat connected July 1, 2025, promising to marque lodging much affordable for Nigerians by replacing accepted yearly rent demands with a monthly outgo system.

Currently, tenants successful Nigeria are typically required to wage 1 to 2 years’ rent upfront, on with bureau and ineligible fees.

However, the platform, developed by a squad led by Dr. Oluwasegun Adebiyi, is designed to streamline rentals for some tenants and landlords.

Good quality for Nigerians arsenic JHomes announces the instauration of an inaugural to marque houses affordable for citizens.
Source: Original

Nigerians to wage rents monthly

Speaking connected the initiative, Adebiyi, JHomes’ business improvement lead, described the level arsenic a effect to years of unmet request for rental betterment successful the country.

According to him, the level eliminates upfront bulk payments, bureau charges, and hidden costs. He explained that nether the model, a spot rented astatine N600,000 annually could present beryllium paid for successful N50,000 monthly instalments, with nary other fees.

He said:

“This is simply a solution agelong overdue successful Nigeria’s lodging sector. JHomes empowers Nigerians with a fairer, tech-driven rental experience, making lodging affordable and stress-free.”

Adebiyi added that JHomes supports assorted spot types, including residential apartments, shops, bureau spaces, warehouses, and undeveloped land.

He noted that the level offers 3 cardinal declaration pathways, including nonstop rentals done the platform, formalisation of existing informal leases, and restructuring of existent agreements into monthly plans.

The inaugural has sparked caller conversations astir Nigeria’s lodging sector.

Chidinma Uzo, a Lagos tenant, hailed the level for its transparent quality and expressed anticipation that it would revamp the country’s lodging sector.

Dr Oluwasegun Adebiyi, JHomes’ concern improvement lead, highlights ways his level volition payment tenants and landlords successful Nigeria.
Source: Original

Nigeria’s lodging crisis

The projected motorboat of JHomes comes amid increasing unit to code Nigeria’s lodging affordability crisis.

Legit.ng precocious spotlighted the plights of respective tenants, who lamented their experiences with landlords and location agents.

In May, a Nigerian woman went viral aft she narrated however her landlord abruptly increased her rent from N1 cardinal to N1.8 million.

The woman had wondered wherefore the rent was accrued erstwhile the landlord did not renovate the house.

To code this, the Lagos authorities authorities announced plans to clamp down connected landlords and agents who enforce excessive tenancy statement fees and different arbitrary charges.

The authorities government, led by Babajide Sanwo-Olu, launched a transmission for tenants who consciousness they person been charged unlawful fees to report.

In a related development, a measure to support tenants and modulate the excesses of landlords and house agents passed the archetypal speechmaking successful the Enugu State House of Assembly.

Lagos urges landlords to see quarterly rents

Earlier, Legit.ng reported that the Lagos authorities urged landlords successful the authorities to consider quarterly rents.

The commissioner for housing, Moruf Akinderu-Fatai, and the peculiar advisor to the authorities governor, Barrister Barakat Odunuga-Bakare, spoke during an exploratory gathering with executives of the Estate, Rent and Commission Agents Association of Nigeria (ERCAN).

The commissioner stated that the authorities was acrophobic with the reports of unwholesome practices among existent property agents successful the state. They urged the radical to propagate the adoption of monthly and quarterly rent, noting that the instrumentality does not licence much than 1 year's rent payment.

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Source: Legit.ng