Senate moves to stop landlords from collecting yearly rent in Nigeria

Senate moves to stop landlords from collecting yearly rent in Nigeria

Ripples Nigeria

A bill seeking to restrain house owners in the country from demanding more than three months’ rent from tenants scaled first reading in the Senate on Tuesday.

The bill titled: “Advance Rent for Residential Apartments, Office Spaces, Etc, Regulation Bill 2022,” was sponsored by the Senator representing Kogi West in the upper legislative chamber, Smart Adeyemi.

The lawmaker, who addressed journalists after the plenary, said the bill would enable tenants to make a maximum advance payment of three months’ rent and monthly payment thereafter.

Adeyemi said: “We discovered that landlords are compelling tenants to make one-year and two-year advance rent payments before they would give them keys to their apartments.

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