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2-year Rent Banned In Lagos, Assembly Passes Tenancy Law - Properties - Nairaland

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2-year Rent Banned In Lagos, Assembly Passes Tenancy Law by emmatok(m): 11:10pm On Aug 05, 2011
2-Year Rent Banned In Lagos, Assembly Passes Tenancy Law

Any landlord in Lagos State who collects rent in excess of one year in advance from a new tenant would be prosecuted by the state government and upon conviction face three years in jail.

Gov. Raji Fashola
This is contained in the new tenancy bill that was passed into law by the State House of Assembly today. The law, which is expected to receive the assent of Governor Babatunde Fashola any moment from now, also stipulates that it is unlawful and criminal for a landlord or his agent to demand or receive from a sitting tenant, rent in excess of six months in respect of any premises without prejudice to the nature of tenancy.
This means that those who are already tenants are not expected to pay more than six months in advance to their landlord. Hitherto, tenants were compelled to pay for even more than two years in some cases.
The bill places a fine of N100,000 or three years imprisonment on any landlord or new tenant who pays in excess of one year and N100,000 or three months imprisonment for any landlord who fails to issue a receipt to a tenant for payment of rent.
Some of the lawmakers who commented on the law this morning explained that the receipt would enable the authorities to monitor compliance with the law by the landlords. They said they were aware of the dubious activities of some landlords, adding that the new law was amended to take care of those areas.
The bill captioned: “A bill for a law to regulate rights and obligations under tenancy agreement and the relationship between landlord and the tenant including the procedure for the recovery of premises and for other connected purposes in Lagos State,” states that “it shall be unlawful for a sitting tenant to offer or pay rent in excess of one year for a yearly tenant in respect of any premises and any person who receives or pays rent in excess of what is prescribed by the law shall be guilty of an offence and shall be liable to a fine of N100,000.”
The bill consisting of 47 sections takes a critical look at the relationship between the landlord and tenant and allocates rights and privileges to both parties. It also spells out their obligations. Among such rights is tenant’s entitlement to quiet and peaceful enjoyment of the premises, which include privacy, freedom from unreasonable disturbance, noise pollution and nuisance, as well as exclusive possession of the premises, subject to the landlord’s restricted right of inspection.
The law also emphasises that a landlord must send a written letter to a tenant whenever he wants to visit the apartment for inspection. Such letter, the law states, must state the time the inspection is to be conducted in order to give the tenant ample time to prepare for the exercise.
The law also gives a tenant the privilege to furnish or install accessories within a property to fit his/her taste. The bill was earlier passed by the House and forwarded to Governor Fashola for assent, but the Governor returned it to the House last week with a recommendation that some grey areas in the bill be looked into.
The grey areas include a section of the bill to be explicit on who bears the professional fees incurred at the commencement of tenancy and some other sections that cover the internally generated revenue of the state.
These areas were deliberated upon by a six-man committee headed by Hon. Rotimi Olowo, representing Somolu Constituency 1.
Section 7 (subsection now mandates the landlord to be responsible for “professional fees or commission of the landlord’s agent, consultant, solicitor or any other person acting for and on behalf of the landlord, incurred at the commencement of the tenancy.”

—Eromosele Ebhomele

http://pmnewsnigeria.com/2011/08/05/2-year-rent-banned-in-lagos-assembly-passes-tenancy-law/
Re: 2-year Rent Banned In Lagos, Assembly Passes Tenancy Law by obicmag(m): 12:06am On Aug 06, 2011
I salute the courage of the Lagos House of Assembly in passing this bill into law. My prayer is that the remaining 35 state House of Assemblies will replicate this law. It is a high time Nigeria follow global trend in terms of tenancy. In other countries rents are paid monthly. Eko Oni Banje.
Re: 2-year Rent Banned In Lagos, Assembly Passes Tenancy Law by kizito96(m): 4:12am On Aug 06, 2011
We have had this bill before and it did not work. With the prices of cement and building materials very high, where has the government been. It is not possible. If government had gotten involved to bring down prices of Building materials, they would have had the right to interfere. It will not be practicable
Re: 2-year Rent Banned In Lagos, Assembly Passes Tenancy Law by Nobody: 12:41am On Aug 07, 2011
Smdh. This will fail like others before it did. EFCC is yet to arrest some corrupt ex govs. Same way some would collect 5yrs in advance and nothing would happen. I recently did a letting in lekki1, i collected my 2yrs rent sharp sharp in late july 2011
Re: 2-year Rent Banned In Lagos, Assembly Passes Tenancy Law by babaowo: 12:55am On Aug 07, 2011
Enough of this rubish habbah! How many house government build sef? And if dem build e go cost pass individual own,plus all this taxation Foreigners make una plan to go back home! hope una understand ?
Re: 2-year Rent Banned In Lagos, Assembly Passes Tenancy Law by Nobody: 1:26am On Aug 07, 2011
I hope that others remaining 36 state can join them.
Re: 2-year Rent Banned In Lagos, Assembly Passes Tenancy Law by OAM4J: 1:28am On Aug 07, 2011

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