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Firm Launches Rent Payment Platform

Property management firm, Shelta, has unveiled an online rent payment platform to address issues between landlords and tenants and ease the financial burden on tenants.

The company said its system also enables flexible payment of rents, noting that a tenant could pay monthly, quarterly, bi-yearly or yearly, according to his income.

Its Chief Executive, Austin Igwe, told reporters in Abuja yesterday, that the firm is targeting 5,000 subscribers in Abuja, Lagos, Kano, and 12 other states.

He said the features of the platform include ensuring that a property is properly maintained, thereby preventing detrimental wear, guaranteed rent through a tech-driven approach, property listing, litigation cover for property owners to the tune of N2 million
Igwe said: “Tenants who subscribe to ‘the rent payer’ service on the platform would be able to pay their rents in full through Shelta’s funding channel. The tenants have the option of flexible rent payment according to their income structure; be it monthly, quarterly, bi-annually or annually.’’

“The platform is not aimed at eliminating estate agents and property managers; it is meant to address the issues of litigation between the landlord and tenant. We are targeting about 5,000 subscribers in 15 states between now and end of next year.”

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On the objective of the platform, Igwe said the service was launched to help reduce the stress of tenants who find it hard to pay rents yearly, adding that it would further curb the usual litigation between the landlords and tenants.

The Shelta CEO explained that his firm would pay the appropriate tax on commissions, adding that the property owners were expected to pay the tenement rate and land use charges on their buildings.

Source: Nation

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