Estate surveyors board bemoans rising rents
The Estate Surveyors and Valuers Registration Board of Nigeria, (ESVARBON) has opposed the increase in house rents in parts of the country by landlords despite the harsh economic realities occasioned by the COVID-19 pandemic.
Chairman of ESVARBON, Gersh Henshaw, informed journalists on the sidelines of the formal handing over of site and foundation laying of the ESVARBON head office in the Federal Capital Territory that it was improper for property owners to jerk up rents this period that the Nigerian economy had yet to pick up as expected by citizens.
Henshaw said, “As a professional body, we have tried to advocate on behalf of the people, because this is not the best of times for landlords to say they are increasing rents.
“If a man’s income is threatened, what are you increasing his rent for? One thing is to increase the rent, another thing is to get the rent paid. So which is better of the two?
“A man who is trying to pay what he used to pay 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 to the level as required.”
Speaking on whether there was any way for the government to intervene in the matter, Henshaw responded in the negative.
The ESVARBON chairman said “The government cannot come in as you think because you cannot control the end product. Government should start by controlling the cost of cement, sand, rods and not to come and control the cost of the final product.
“So government should not just come to regulate rent but it should start by encouraging production. Estate development is a process and not an event. The house standing has gone through a process before standing as a house.
“Therefore, as a government agency, I will ask the Federal Government to start from the entire process to regulate before regulating the final product.”
Commenting on the board’s building project, he said the construction of the multi-million-naira structure would commence immediately.
Henshaw explained, “We want to start this building project. I have three-year tenure. If we cannot move in here, we will start action here. We haven’t got N100m in place, but we’ve said that we will start with whatever we have.”
He also frowned at cases of double allocation of land title documents by officials of government agencies and demanded that perpetrators be brought to book when apprehended.
