Don’t Increase House Rent Now, Expert Tells Nigerian Landlords

As the impact of COVID-19 on the economy lingers, a property expert has advocated against rent increment.

Mr Gersh Henshaw, the President of the Estate Surveyors and Valuers’ Registration Board of Nigeria (ESVARBON), said as professionals they were advising landlords against rent increment.

Mr Henshaw stated this during the foundation stone laying of ESVARBON’s multi-billion five-storey apartment project in Jahi, Abuja. Apart from other ventures, the building will also house the headquarters of the regulatory body.

He said, “As a professional body, we have tried to advocate on behalf of the people. This is not the best of times for you to say you are increasing rent. Rent is a proportion of something. A man who has not earned his income or whose income is threatened; where are you increasing the rent to? One thing is to increase the rent and another is to get the rent paid. So which is the better of the two evils?

“A man is trying to pay what he has been paying and then you say you are reviewing the rent; it doesn’t work that way. We are advocating that people should see that the economy is yet to pick up.”

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: