NASS
HighlightTop StoryTrending Story

Rent Bill: Senate proposes 3-month jail term, N1m fine for landlords who demand advance payments

222

 

 

By Ajuma Edwina Ameh

The Nigerian Senate on Monday proposed a bill seeking a three-month jail term or N1 million fine for landlords who demand advance payment of rent from tenants of residential, office buildings, and spaces above three months.

 

The bill titled, “Advance Rent for Residential Apartments, Office Spaces, etc. Regulation Bill 2022’’, also seeks to protect low-income earners from the oppression of landlords and also provide a safety net for landlords against erring tenants.

 

The bill, sponsored by APC lawmaker representing Kogi West Senatorial District, Sen. Smart Adeyemi which passed the second reading on the floor of the Senate last week, prohibits landlords from demanding rent in excess of three months from fresh tenants.

 

It also bars tenants from offering to pay rent in excess of three months while securing an apartment for the first time, Persecondnews.com gathered.

 

The bill further prohibits arbitrary increase of rent and gives magistrate courts the power to determine reasonable rent increments.

Leave a comment

Related Articles

Pres. Tinubu to Qatari investors: Report any Nigerian official demanding bribe

President Bola Tinubu has asked Qatari captains of industry to report any...

Food, other items looted in NEMA warehouse, Abuja

Scores of inhabitants of the Federal Capital Territory (FCT) have looted a...

Poor power supply: FG summons Abuja, Ibadan distribution companies

The Minister of Power, Dr. Adebayo Adelabu, has summoned the chief executives...

NLC, TUC to Pres.Tinubu: We are no politicians, but unionists

The nation’s organized labour under the aegis of the Nigeria Labour Congress...

Blackout in California as the biggest snowstorm of the season hits the city 

A blackout in California occurred after a powerful snowstorm raged overnight into...

CBN revokes licences of 4,173 BDC operators

The Central Bank of Nigeria (CB) has taken decisive action by revoking...

Food security: 1.3m Nigerians to benefit from Ukraine’s grain donation, says WFP

About 1.3 million Nigerians impacted by the rising cost of food in...

Forex crisis: FG slams $10bln fine on Binance

The Federal Government has fined a crypto trading platform, Binance, $10 billion...

CBN to sell N1.64trn Treasury bills in Q2 2024

The Central Bank of Nigeria (CBN) has said it will sell Treasury...

African Games 2023: Sports Minister to Team Nigeria: Shatter the Records

With less than eight days to the African Games 2023, Nigeria’s Minister...

Developing law enforcement standards, policing in Nigeria on course, says Police I-G Egbetokun

The Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, has said the mission...

Prof. Soyinka, at Punch’s 50th anniversary, canvasses Nigeria’s decentralisation

Prof. Wole Soyinka, the Nobel laureate, said on Thursday that the decentralization...

We committed $600m to health in Nigeria in 2023, says U.S. Govt.

The United States Government has disclosed that it has committed $20 billion...

Nigeria lacks sufficient reserves to tackle FX demands, backlog in the market, says expert

An economist, Mr. Esili Eigbe, has said Nigeria lacked sufficient reserves to...

NNPCL advocates “War Room” to tackle challenges faced by independent producers

The Nigerian National Petroleum Company Limited (NNPCL) has called for a stronger...

NLC protests: Tinubu spanks labour, urges a breather for his 9-month-old govt

The organized labour under the aegis of the Nigeria Labour Congress (NLC)...

Corruption will go away from Nigeria, says Pres. Tinubu as he inaugurates Lagos rail project

President Bola Tinubu inaugurated the Red Line rail project of the Lagos...

Pogba handed four-year ban for doping

Juventus’ star midfielder, Paul Pogba, has been handed a hefty four-year ban...

Cristiano Ronaldo suspended over alleged offensive gesture in Saudi League game

Saudi Arabia’s football governing body has suspended Cristiano Ronaldo for one game...

Alleged N178bln debt: Reps dismiss petition against NPA, laud Bello-Koko, NPA 

A petition alleging that Mr. Bello Koko, the Managing Director of the...