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Senate Pegs Landlord's Rent Duration At One Year In FCT - Properties - Nairaland

Nairaland Forum / Nairaland / General / Properties / Senate Pegs Landlord's Rent Duration At One Year In FCT (22130 Views)

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Senate Pegs Landlord's Rent Duration At One Year In FCT by 247frolic(m): 3:07pm On Mar 20
The Tenancy Bill is to Establish a Relationship between the Landlord and the Tenant.



This Tenancy Bill shall apply to all Premises within the FCT including business and residential premises unless otherwise specified.



The resolution reads as follow:



It shall be unlawful for a landlord or his agent to demand from a sitting tenant rent in advance of six months from a monthly tenant and one year from a yearly tenant in respect of any premises without prejudice.

It shall not be unlawful for a sitting tenant to offer or pay rent in excess of a year for a yearly tenant and 6months for a monthly tenant.



It shall be unlawful for a landlord or his agent to demand from a new or would be tenant rent in excess of a year in respect of any premises; It shall not be unlawful for a new or would be tenant to offer or pay rent in excess of a year in respect of any premises.



Any person who demands rent in access of what is prescribed in this Section shall be guilty of an offence and shall be liable on conviction to a fine of #100,000 or to three months imprisonment.

http://www.newshelm.com/2017/03/nigerian-senate-pegs-landlords-rent.html

3 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by Keneking: 3:10pm On Mar 20
Ok, does this apply to commercial leases?

2 Likes 1 Share

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by richidinho(m): 3:23pm On Mar 20
i still dont understand, abeg use pidgin grin

40 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by veekid(m): 3:32pm On Mar 20
Buhari sef

1 Like

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by 2dream(m): 3:32pm On Mar 20
Plz
am still confuse

1 Like

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by dessz(m): 3:33pm On Mar 20
great news, but they should apply it in all states. for example, my uncles landlady was dragging for him to pay 6 months rent, when they had agreed for monthly. such situations gotta stop.

9 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by CuteJude: 3:33pm On Mar 20
una no get work cheesy cheesy cheesy cheesy

100,000? for any1 to own a property in abuja alone , 100,000 is nothing to him
instead of this people to find a way to make rent cheaper they are causing my confusion

7 Likes 1 Share

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by Sammy07(m): 3:33pm On Mar 20
watching them with my left eye

1 Like

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by dolphinife: 3:33pm On Mar 20
They should be compelled to be collecting house rent monthly sef.....

That's what I feel

4 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by Nobody: 3:34pm On Mar 20
CuteJude:
lol
Hmmm..
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by b3llo(m): 3:34pm On Mar 20
This Senators are toothless bull dogs... They only bark and can not bite.

1 Like

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by crakcode: 3:34pm On Mar 20
dessz:
haba

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by yinkslinks(m): 3:34pm On Mar 20
You be sweet fooool grin grin grin grin grin
richidinho:
i still dont understand, abeg use pidgin grin

5 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by ameezy(m): 3:34pm On Mar 20
grin
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by Verami(f): 3:34pm On Mar 20
Please someone should explain better because am lost. Thanks.

1 Like

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by danowena: 3:34pm On Mar 20
sad grin
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by GreenMavro: 3:35pm On Mar 20
grin

GOOD MOVE...I HOPE MY LANDLORD WILL MIND HIS STUPIDITYHEADACHE AFTER HEARING THIS NEWS
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by etcme: 3:35pm On Mar 20
I was just seeing Landlord and tenant.

1 Like

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by alignacademy(m): 3:35pm On Mar 20
dolphinife:
They should be compelled to be collecting house rent monthly sef.....

That's what I feel

Good point, if tenants will cooperate.

Or else, rent default will be rampant and increase in tenancy-related litigation will be off the charts

7 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by fabre4: 3:35pm On Mar 20
.meaning?
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by LockDown69(m): 3:35pm On Mar 20
Doesn't make much difference to me.
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by Splinz(m): 3:35pm On Mar 20
That's cool. Landlord's excesses don dey too much sef.
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by yeyeboi(m): 3:35pm On Mar 20
Ok
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by lammsohiman(m): 3:35pm On Mar 20
When dere are more crucial issues to attend to, useless bunch of fools

1 Like

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by Onukube1(f): 3:37pm On Mar 20
ok o
Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by Guyman02: 3:37pm On Mar 20
This is a good development.
My House Rent is Yearly while my salary is monthly. It is always difficult to pay the rent at once but if it can be spread it can give tenants some respite especially in a place like Abuja where rent is abysmally high except you want to live in discrepit locations and environments where you would not like to raise your children

2 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by chubbygal(f): 3:37pm On Mar 20
Lunch is ready pls

6 Likes 1 Share

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by chino4(m): 3:39pm On Mar 20
The Problem is not the Law but its enforcement.

2 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by talktonase(m): 3:40pm On Mar 20
This will bring to an end those landlords collecting two years rent at a stretch...

3 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by FromZeroToHero(m): 3:41pm On Mar 20
Go school you no gree go, oya make i explain to you: some landlords normally demand for 2-3yrs payment of rent, so what this law mean is that they should stop it. That the highest a tenant should pay is 1yr for those wey dey pay yearly or 6months for those wey dey pay monthly.
2dream:
Plz
am still confuse

4 Likes

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by JideAmuGiaka: 3:41pm On Mar 20
dessz:
great news, but they should apply it in all states. for example, my uncles landlady was dragging for him to pay 6 months rent, when they had agreed for monthly. such situations gotta stop.

It is fraudulent to even ask a tenant to pay one year up front. Rentage should be by Monthly basis.

1 Like

Re: Senate Pegs Landlord's Rent Duration At One Year In FCT by mwenyi1: 3:41pm On Mar 20
this is a very good move by the house

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