Businesswoman Ghada Ogunlesi laments over 380% rent increase after she renovated rundown property in Lagos

Businesswoman Ghada Ogunlesi has revealed that she’s faced with closing her business due to an astronomical increase in rent. 
She stated that she saved for 5 years to get a place for her flower business. 

According to her, the space she eventually got was “rundown” and she said she used all the money she had to renovate the place from floor to ceiling. 
After the renovation, she said the landlord told her without notice that her rent has been increased by over 380%. She added that this increment is “many many many millions” of naira. 
She went on to state that she is now looking for a new place and she advised other business owners not to invest in properties they rent. 
“Landlords are mistreating, mishandling, and using people,” she said. 
She added: “ADVICE TO EVERY BUSINESS OWNER IN NIGERIA 
“DO NOT invest in a rental building! Do the basics and have proper agreement to protect yourself. 
“We renovate, we design, we bring customers, we make the place valuable. then landlord take it and send you
out. 
“lf you MUST rent, please sign a 5-10 year lease. No increase, or increase within normal measures. Put everything in writing.” 
 

The post Businesswoman Ghada Ogunlesi laments over 380% rent increase after she renovated rundown property in Lagos appeared first on Linda Ikeji Blog.