Good news for Lagosians,on the 27th of May 2011,The Lagos House of Assembly passed a New Tenancy Bill into law, with key provisions to the benefit of tenants. It is now unlawful for sitting tenants to pay rent in excess of one year, for yearly tenants. Penalty - N100,000 or 2 years imprisonment.
It is now illegal for Landlords or its agents to receive more than a year's rent from a new tenant. It is also unlawful for a new tenant to offer to pay more than a year's rent. Penalty-N100,000 or 3 years Imprisonment. Landlords must now give written notice in a case where he/she needs to inspect the house being occupied by a tenant. No more surprise visits all in the name of 'Na my house'!
Eko o ni baje o!
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