24.4 C
Anambra
Wednesday, November 30, 2022

Nigeria senates debates new bill on 3 months Advance Rent for Tenancy

A bill seeking to make it an offence for any landlord to demand payment of advance rent from tenants of residential and office buildings and spaces beyond three months was laid before the Senate on Tuesday. 

The lawmaker representing Kogi West Senatorial District, Senator Smart Adeyemi, sponsored the bill, titled, ‘Advance Rent for Residential Apartments, Office Spaces, Etc, Regulation Bill 2022.’ 

Adeyemi, who addressed journalists after the bill passed first reading, said the bill would enable tenants to make a maximum advance payment of three months’ rent, with subsequent monthly payment. 

Also Read: Osun Election: APC’s Oyetola Set Engage 50 Lawyers to Challenge PDP’s Victory 

He 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. It may not be an issue to several people but to many others, it is a great pain for them. Most Nigerians need the protection of the law to be able to meet their basic needs after paying rent. 

“Many landlords did not secure loans to build their houses; they are products of free money they acquire from the system. Yet, they make life difficult for poor Nigerians who do not have such privilege of making ill-gotten money from the system and put-up structures. 

“The buildings are constructed in such a manner that an average Nigerian would not be able to afford it. Many people are involved in corrupt practices to get their rents paid, while the ladies took to prostitution. 

“The law we are proposing stipulates a maximum advance rent payment of three months. After the expiration of the three months’ rent, the tenants are expected to pay monthly. 

“There are many tenants whose salaries are competing with their rents because they live in cities like Abuja. The law will prevent the poor workers from any form of oppression.” 

 

spot_img

Related

Soludo Tasks Senate Committee on Patronizing Local Innovators As a National Policy

Anambra Governor, Prof Chukwuma Charles Soludo CFR has stated...

Soludo’s Response to Social Media Backlash From Comments on Peter Obi Investment (See Full Statement)

The governor of Anambra State, Prof. Charles Soludo finally...

APC Claims That Tinubu Will Defeat Peter Obi in Presidential Race

Ahead of the 2023 poll, members of the progressives...

2023 : Nigerians in U.S. to hold presidential debate for Atiku, Peter Obi, Tinubu, Others

A debate for each presidential candidate running on February...

2023: Peter Obi Explains Why APC, PDP Should Be Kicked Out  

Peter Obi, the presidential candidate for the Labour Party...
Join The Tribe 🥳

Join our ever-growing community of awoken ones and receive newsletters, offers & invitations.