Author Topic: 2-Year Rent now jailable offence in lagos state  (Read 1051 times)

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Offline Penthome

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2-Year Rent now jailable offence in lagos state
« on: August 06, 2011, 12:41:20 PM »
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.


http://lagosmet.com/situation-reports/2-year-rent-banned-in-lagos-assembly-passes-tenancy-law/
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