Senate To Restrict Rent Payment In FCT To Six Months

Date: 14-03-2013 7:20 am (12 years ago) | Author: Direct
- at 14-03-2013 07:20 AM (12 years ago)
(m)
A bill to restrict the payment of rents to six months in the Federal Capital territory (FCT) was on Wednesday proposed in the Senate. The bill stipulates six months imprisonment or a fine of N50,000 or both for landlords that collect more than six months’ rent from a prospecting tenant.

The bill seeks to regulate the relationship between landlords and tenants and rent control.

It also seeks to protect tenants from double agency payments by placing the burden of agency fees on the landlord.

It also stipulates that any rent agent, who collects additional agency fee from the tenant, commits an offence punishable under the bill.

The chairman of the Senate Committee on FCT, Senator Smart Adeyemi said rents charged by landlords in the FCT are so high that it is often far beyond the reach of average income earners.

Abuja, the nation’s capital is rated as one of the most expensive cities in the world due to the high price of accommodation.

A similar law already exists in Lagos, the nation’s economic capital.

Posted: at 14-03-2013 07:20 AM (12 years ago) | Hero
- nwogaraku at 14-03-2013 03:34 PM (12 years ago)
(m)
Our leaders in govt, why is it that you people cares only about yourselves, you people never care about the surfferings of the poor people in our society today?. The house of Senate is about to pass a law tha will protect the govt workers in Abuja the federal capital from the hands of their ''landlords'' just bcos Abuja is a state for govt workers, about 57 percent of the people living in Abuja re workers in the federal institutions etc, why can't this social benefiting law be applicable in all the States of the federation just to enable every tenants against those hard conditions from their landlords.....Huh?.
Posted: at 14-03-2013 03:34 PM (12 years ago) | Upcoming
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- nzewyte at 14-03-2013 05:15 PM (12 years ago)
(m)
Not only do d rent com in exorbitant rate, it does drain d pocket of d average 9ja man......... It is a welcomed development.
Posted: at 14-03-2013 05:15 PM (12 years ago) | Gistmaniac
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