Rent To Own Schemes In Nigeria

Rent to own schemes have two components.

Rent to own schemes in nigeria. Lagos state commisioner for housing prince gbolahan lawal has said the houses that are under the rent to own and the rental housing program are affordably priced especially if the prevailing economic conditions are considered. Marketed by pingreen properties 07033134643 hotline 08056006986 nkemcandy. Aspiring home owners who wish to purchase a property through a rent to own scheme sign a contract with a vendor that affords them the right to buy the property at the end of an agreed rental period which usually runs anywhere from two to five years. No fewer than 3 000 residents have so far benefited from the lagos state government s rent to own schemes according to the commissioner for housing mr gbolahan lawal.

The scheme is designed for workers to move into fmbn homes as tenants pay for and own the properties through monthly or yearly rent payments spread over periods of up to 30 years. Owning your home is an important factor to wealth creation. These include middle and upper class members of the society. To this end natanelflorens limited is the pioneer company that has devised the rent to own scheme in the real estate sector in nigeria.

Ngn 2 5 million spread payment. Apart from the rent to own scheme lagos is also delivering housing for other residents of the state some of whom already have their second or third feet on the property ladder. Lagos state govt rent to own scheme top 6 reasons why the lagos rent to own scheme is great ambode introduces rent to own house policy in lagos 1 reply go down rent to own scheme now in lagos and abuja by kaybliss1 m. Ngn 100 000 monthly for 100 months please note that the keys to the bungalows will be handed over to you after the 1st deposit is made.

12 13pm on aug 10 2016. The sanwo olu administration in the last 12 months completed and delivered some of these schemes. Rent to own housing scheme in nigeria. Lawal said in an interview with the news agency of nigeria nan that the state s housing policies captured both those in the formal and informal sectors.

A standard rental agreement and an option to buy.