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Tuesday, August 9, 2011
State Govt Ban 2-year rent in Lagos. Landlords who don't comply to be jailed
Posted by st at 3:52 AM
The long awaited Tenancy Bill was passed on Friday August 5, 2011 by the Lagos State House of Assembly and signed by Governor Fashola yesterday August 8, 2011.
The bill basically stipulates that it is unlawful and criminal for any landlord or his agent to demand or receive rent in excess of one year from a new tenant, and rent in excess of six months from a sitting tenant.
Any landlord who refuses to go by this law will be jailed for three years or pay a fine of N100,000.
If you live in Lagos, do you think this will work? www.mannastores.com
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