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October 22, 2020

Make a Financial Sense, Book a Shortlet in Lagos Nigeria

Published on October 22, 2020 by admin

Who Uses Short-Term Lets in Lagos, Nigeria

Reasons why someone may or may not prefer to book or rent a short-term let in Lagos, Nigeria vary. Some prefer to rent on a short-let apartment in Lagos because of work commitments, while others may be in dire need of temporary place to live in whilst waiting for his property purchase to be completed. Another buzz today is growing number of people who are taking out short-term rentals because their existing property are currently under construction or minor to major renovation. Needless to say, certain home is under construction when homeowner leave them without usable kitchens and bathrooms for a long period of time. Hence, renting a shortlet in Lagos for the duration of work is a practical solution than putting their family up in a hotel. Another key player in the world of real estate market even before is tourism. Here’s the scenario: You are planning to stay in Lagos for longer than a fortnight. Which among short-term apartment rentals in Lagos and hotel in Lagos, will not harm your wallet?

Short Lets has benefits, unless you haven’t booked one

Say you are done investigating who or what kind of people typically takes on short stay rentals in Lagos, have you seen its benefits of the lettings market to most tenants? Along with the reasonable price, shortlets apartments in Lagos offer flexibility to those who are in town for a period of time—most importantly, you can treat them as your second home. This makes it more suitable for those who are after entertaining a family guests such as friends, work colleagues or even neighbors.

Fun fact: Landlords Benefit the Most

After mentioning the reasons why you should give shortlets in Lagos, Nigeria a shot, have you asked yourself what landlords get out of offering a short-term lets. Well, taking into consideration the situation, some of them may be in similar position to the potential tenants they are hoping to attract—they are applying the short-term solution. Below are some reasons of landlords why they bet their property on short-lets.

  1. That is not how business works.  When the time requires you to sell your property, it is really inevitable. Here’s what landlords do. Since they cannot sell their property right away, they offer the short-term let. On the contrary, they can actually leave their property empty, but that is not how business works.
  2. Landlords buy more time. Instead of leaving their property empty, landlords would rather look for some tenants who will let the property for a certain period of time. Only then, they will have more time to observe how market is performing and assess their financial situation too. Short-term lets allow landlords to sell their property right away without having to wait for a long tenancy to come to an end.
  3. Lagos is the perfect City for Landlords in Nigeria. Merely speaking of short-term lets could actually make every landlords in Lagos jump in excitement. Simply because, the demand for short-lets in Lagos is incredibly high. Meaning they have a multitude of tenants to choose from. Hence, being choosy over who they want to rent their property will never be an issue. Should the tenancy not go as planned, short-term lets in Lagos, Nigeria offers a landlord the opportunity to exchange tenants with minimum amount of protest.

Now, here’s the deal: if you grow fond of short-let apartment in Lagos, or if you are a landlord checking to put your property on the market for a short period of time, give us a call. Property List Hub’s letting team experts are always happy to offer any advice you may need. Do not forget to visit our site for more great deals! https://www.plistbooking.com/

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