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2-year Rent Banned In Lagos - Nairaland / General - Nairaland

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2-year Rent Banned In Lagos by wrexs: 8:18pm On Aug 05, 2011
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.

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 , http://247nigerianewsupdate.com/?p=2101
Re: 2-year Rent Banned In Lagos by mallamu: 11:27pm On Aug 05, 2011
Ha eko oni baje o. Lai lai. I pray it will happen in PH too.

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