3months is quite unfavourable ,especially to landlords abi how many landlords go o court in Lagos state and we all know the judiciary system is terrible

well no problem

na to increase rent

3 months payment favours the landlord

Number 4 and number 12 are quite contradictory, I think. How can one be a yearly tenant when max rent payment is 3 months? Abi I'm misunderstanding something?

olagamalin:
It is essentially the same with the previous tenancy law. The OP should have highlighted the new provisions (developments) contained in the new Law.

Lemme peruse this carefully.

Plenty differences

I hope Landlords comply

A competent lawyer in the house should please summarize it for us.

Dem go say na u build my house 4 me

Can anyone knowledgeable about this clarify the law's position on rent payment by new tenants. Has there been a change, this was not indicated in the write up, only referred to payment by a sitting tenant.

Also, any mainland agents or landlords here that strictly adhere to Lagos tenancy law?

adadadon:

Plenty differences

Alright then. Highlight them.

Pls, this article should be forwarded to Rivers state House of Assembly for celebration too. Ikwerre Landlords in Port Harcourt are using tenant to build mention because of high cost of rent. U need to visit stores and shops in Port Harcourt and see what business men and women are passing through.

This is really good! Initial gragra but it will scale through. Rents in Lagos are unbearable for many many people

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olagamalin:


Alright then. Highlight them.

1 applies to all of Lagos unlike the previous ones
2 landlords powers are explicit
3 three months rent rule
And a host of others.

Someone should please summarise

Oblongata:
Na the only thing way Lagos dey use f-up be dat, my tenant dey tell me 'patapata you will give me quit notice and I go still spend 6 months on top money I owe you ', to rent house out dey fear person, the law helps the tenant,, what of poor landlord that laboured so hard? For UK the day your rent expire you are in trouble

You can not compare the housing stock in the Uk to Nigeria, the law has to lean more to tenants, because the government has failed in the delivery of housing to its citizens. Giving more power to the landlord will be more disastrous.

[quote author=true2home post=62108325]Hello Sir/Ma

Thanks for sharing this paramount information on this section. Very timely for me personally.[/quote
Not only you
Renting soon as well

generationz:
3months is quite unfavourable ,especially to landlords abi how many landlords go o court in Lagos state and we all know the judiciary system is terrible

well no problem

na to increase rent

To be sincere, I feel 3 months isn’t workable in a country like Nigeria, what housing means to a Nigerian is quite different to countries that pay rent monthly and quarterly. I think the year 1 thing should stay..... when tenants owing know quit notice lasts 6months, they’ll just pay 6months and spend the remains 6months on quit notice

kagari:
This i don't think would be OK for the working class, many pay their house rent from annual allowance, making them pay in 3 months would enable Lagos wahala swallow the money before its due

People go dey change house like shirt now

I’m telling you, it will just make tenants unserious.

This is a good development. But the 3months rent is not good for the tenants. Don't forget, NO COURT OF LAW CAN STOP A LANDLORD FROM INCREASING A HOUSE RENT.


Apartment of 1M/annum will now go for 450-500K/3months. Which is not cool. These people doesnt reason well before making a law.


We want to be like the western countries but our systems doesnt support their ways for now. Alot of things has been put in place before they make any law.


The state should find a way to reduce or subsidise building materials thats been used in the state first.

This is cool if can be well implemented. Nigeria as a country has one of the best laws globally, our problem is full implementation and bribery.

Jokes!

Oildichotomy:
Nigerian Laws doesn't really make for good reading and understanding to be honest. They are not explicit and are always subject to interpretations and loopholes that lawyers can exploit and twist to their advantage.

While a part of the law says things like either of the tenant/landlord shall not collect rent in excess of three months, another section 12 is ascribing time-bound tenants like monthly, half-yearly, and yearly tenants which pre-supposes that the payment schedule is actually at the discretion of the initial agreement entered by both parties.

Infact, Landlords can easily spell out how they want their rents to be paid in an agreement and if a tenant append his signature to it, he is duty-bound to follow through with that.

Lawyers can help explain that part better if I didn't just get it Anyways, Landlords still have the upper hand in my opinion

If the terms of the agreement violate the statute, the contract would likely be declared illegal even though the contract was properly formed

Someone should please summarise what the new law means. I have tried reading it but it just reminded me why i gave up studying law. In simple English please, anyone?

Oildichotomy:
Nigerian Laws doesn't really make for good reading and understanding to be honest. They are not explicit and are always subject to interpretations and loopholes that lawyers can exploit and twist to their advantage.

While a part of the law says things like either of the tenant/landlord shall not collect rent in excess of three months, another section 12 is ascribing time-bound tenants like monthly, half-yearly, and yearly tenants which pre-supposes that the payment schedule is actually at the discretion of the initial agreement entered by both parties.

Infact, Landlords can easily spell out how they want their rents to be paid in an agreement and if a tenant append his signature to it, he is duty-bound to follow through with that.

Lawyers can help explain that part better if I didn't just get it Anyways, Landlords spill have the upper hand in my opinion

I thought I was the only person that saw that too...any Nigerian law na joke! Written rubbish. Too loopsided

Oildichotomy:
Nigerian Laws doesn't really make for good reading and understanding to be honest. They are not explicit and are always subject to interpretations and loopholes that lawyers can exploit and twist to their advantage.

While a part of the law says things like either of the tenant/landlord shall not collect rent in excess of three months, another section 12 is ascribing time-bound tenants like monthly, half-yearly, and yearly tenants which pre-supposes that the payment schedule is actually at the discretion of the initial agreement entered by both parties.

Infact, Landlords can easily spell out how they want their rents to be paid in an agreement and if a tenant append his signature to it, he is duty-bound to follow through with that.

Lawyers can help explain that part better if I didn't just get it Anyways, Landlords still have the upper hand in my opinion

I noticed it too, why give contradictory statements in different sections of the law. More so the agreement part we talked about, without stating if the law supersedes the written agreement when there is a litigation and the tenant has already signed an agreement which may not be to favourable.

In all, it is fair to both parties, I think Landlords who don't depend totally on their property for means of livelihood can easily evict tenants who default, if they stick to monthly or quarterly rent payment.

Some of us are used to yearly payments. The law may prevent people from investing in investment property.

I pay annually for my business premises and it is cool by me.

Namzy:
3 months rent max. Hmmm bad for landlords

It can't happened because your tenancy agreement nullify it. So all that rubbish na joke. Na hand writin of a well fed fools stealing public funds.

nwolisar:


I noticed it too, why give contradictory statements in different sections of the law. More so the agreement part we talked about, without stating if the law supersedes the written agreement when there is a litigation and the tenant has already signed an agreement which may not be to favourable.

In all, it is fair to both parties, I think Landlords who don't depend totally on their property for means of livelihood can easily evict tenants who default, if they stick to monthly or quarterly rent payment.

According to the new tenancy law, it is easier to eject monthly tenants.