The bill, which was signed into law by the state governor, Mr Babatunde Fashola, about three weeks ago, stipulated that a landlord must not collect more than six months rent from a sitting tenant.
But while tenants were still rejoicing, the state Attorney-General and Commissioner for Justice, Mr Ade Ipaye, said Apapa, Ikeja GRA, Ikoyi and Victoria Island would not be affected.
According to him, such areas are prime areas with huge capital investments and government will not like to frustrate the efforts of investors in those communities.
While calling on property owners and tenants to ensure compliance with the new law, which he said was aimed at reducing incessant friction between landlords and tenants and set standard for both parties, the commissioner said tenants in the areas would have to abide by investors' rules.
He emphasised that the law was not meant to favour either of the two parties, but to regulate the relationships between landlords and tenants.
According to him, the law is for the benefit of both the property owner and the tenant adding that, fines and sanctions had been instituted for defaulters.
Ipaye stated that the law had simplified the procedure for the recovery of premises and method of giving quit notice to tenants, stressing that it also provided relief for tenants who no longer needed to pay two years rent in advance.
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