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Senate Pegs Landlord's Rent Duration At One Year In FCT, 6 Months For Old Tenants

The Tenancy Bill is to Establish a Relationship between the Landlord and the Tenant.

This Tenancy Bill shall apply to all Premises within the FCT including business and residential premises unless otherwise specified.

The resolution reads as follow:

It shall be unlawful for a landlord or his agent to demand from a sitting tenant rent in advance of six months from a monthly tenant and one year from a yearly tenant in respect of any premises without prejudice.

It shall not be unlawful for a sitting tenant to offer or pay rent in excess of a year for a yearly tenant and 6months for a monthly tenant.

It shall be unlawful for a landlord or his agent to demand from a new or would be tenant rent in excess of a year in respect of any premises; It shall not be unlawful for a new or would be tenant to offer or pay rent in excess of a year in respect of any premises.

Any person who demands rent in access of what is prescribed in this Section shall be guilty of an offence and shall be liable on conviction to a fine of #100,000 or to three months imprisonment.

http://www.newshelm.com/2017/03/nigerian-senate-pegs-landlords-rent.html

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