Gbam! Baba Fashola Bans The Collection Of 2 Years Rent In Lagos (Page 2)

nice one

Posted: at 6-08-2011 06:19 AM (12 years ago) | Gistmaniac

This dude is God sent to Lagos.Good move.

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Posted: at 6-08-2011 07:00 AM (12 years ago) | Gistmaniac

Congrats to the Lagosians.

Posted: at 6-08-2011 07:19 AM (12 years ago) | Gistmaniac

good one there

Posted: at 6-08-2011 08:09 AM (12 years ago) | Gistmaniac

gr8

Posted: at 6-08-2011 09:31 AM (12 years ago) | Newbie

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.

Some of the lawmakers who commented on the law this morning explained that the receipt would enable the authorities to monitor compliance with the law by the landlords. They said they were aware of the dubious activities of some landlords, adding that the new law was amended to take care of those areas.

The bill captioned: “A bill for a law to regulate rights and obligations under tenancy agreement and the relationship between landlord and the tenant including the procedure for the recovery of premises and for other connected purposes in Lagos State,” states that “it shall be unlawful for a sitting tenant to offer or pay rent in excess of one year for a yearly tenant in respect of any premises and any person who receives or pays rent in excess of what is prescribed by the law shall be guilty of an offence and shall be liable to a fine of N100,000.”

The bill consisting of 47 sections takes a critical look at the relationship between the landlord and tenant and allocates rights and privileges to both parties. It also spells out their obligations. Among such rights is tenant’s entitlement to quiet and peaceful enjoyment of the premises, which include privacy, freedom from unreasonable disturbance, noise pollution and nui

Posted: at 6-08-2011 09:38 AM (12 years ago) | Upcoming

Hope other state do likewise.

Posted: at 6-08-2011 09:57 AM (12 years ago) | Hero

This is the kind of news we need to be hearing in this nation, well-done Gov. Fashola and his legislators. As a landlord I agree with this as it is the agents that hike the price to satisfy their greed.

Posted: at 6-08-2011 10:10 AM (12 years ago) | Upcoming

The idea is good but, talking with action is what we need not median talk like the president is busy talking nonsense week in week out. if I may ask, is the price of Cement come down in Nigeria ?

YOU ARE RIGHT BRO. ACTION SPEAK LOUDER THAN VOICE.

Posted: at 6-08-2011 10:38 AM (12 years ago) | Newbie

kool cool chool   

Posted: at 6-08-2011 10:53 AM (12 years ago) | Upcoming