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Nairaland Forum / Nairaland / General / Properties / Arbitrar Rent Increase In Lagos State. (593 Views)
Duration Of Stay Before House Rent Increase / Rent Increase Notice in Just 8 Months After Packing In / How Many Months Notice Before Rent Increase? (2) (3) (4)
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Arbitrar Rent Increase In Lagos State. by Treash(m): 6:41pm On Feb 12, 2020 |
There are condition precedents to reviewing rent in Lagos State. Such includes inflation, prevailing market value, structural improvement or previous deeds executed by both parties in their tenancy agreement, if any. Under the Lagos State Tenancy Law, 2011, specifically Section 37, a tenant can apply to court for a declaration that the increase in rent is unreasonable and the court has the power to determine whether or not the same is reasonable, taking due cognizance of the rent payable in similar apartments in the locality. If the court is satisfied that the increase is unreasonable, it can change it to a specific amount. 08068088866: Barr Ayo Adeolu Aderinto |
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