Ekiti warns against ‘outrageous’ house rents

The Ekiti State Government has issued a strong warning to landlords and estate agents, denouncing the practice of charging “outrageous” house rents, particularly in areas with tertiary institutions. Dr. Gboyega Oloniyo, the Special Adviser to the Governor on Housing and Mortgage Development, stated that these high and unjustifiable rents have become a significant burden for tenants and are unacceptable to the state government.

Oloniyo made these remarks during a one-day sensitization program held in Iyin Ekiti, aimed at connecting estate agents and improving accommodation accessibility. He announced the government's intention to introduce rent regulations and establish a rent tribunal to bring order to the housing market. Addressing community leaders, landlords, and agents, Oloniyo emphasized the need for responsible rent charging and collaboration with the government to improve housing standards and prioritize residents' welfare.

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We are not unmindful of the cost of building materials and the fact that people should reap where they sow. But government will not tolerate excess, particularly in the areas of activities of agents in the state whereby they put exorbitant charges on house rent.

While acknowledging the costs associated with building materials and the right of property owners to profit, Oloniyo stressed that the government would not tolerate excessive charges. He clarified that the initiative is not intended to undermine home ownership but to ensure tenants receive value for their money. The forum aimed to foster a partnership between the government and stakeholders to make housing more affordable for Ekiti residents.

Traditional leaders and real estate agents present at the meeting expressed their willingness to cooperate with the government. The Oluyin of Iyin Ekiti, represented by Chief Ayodeji Esan, assured the government of the community's support and requested clear operational guidelines. The Chairman of the Real Estate Agents in Ekiti State, Mr. Oluwasanmi Adeeko, affirmed that the association does not endorse arbitrary rent increases and is ready to work with the government to improve living conditions for the people of Ekiti.

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As an association, we are ready to cooperate with the state government, we believe that government is looking for ways to make life comfortable for the people of Ekiti. My advice to our members is that government has said what it wants to do to make life comfortable for residents.