Senate To Restrict Rent Payment In FCT To Six Months
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.


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6 post comments Blogger 6 Facebook

  1. God will blesss who ever proposes this bill, but i hope u pple will nt kill it b4 implementation

    ReplyDelete
  2. most of the houses are own by them, they will frustrate d bill

    ReplyDelete
  3. they should also set the price limits

    ReplyDelete
  4. if this is the only thing the senate will do for abuja residents, its enough for thid yr, because we are only working for landlord

    ReplyDelete

 
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