Friday, August 12, 2011

Lagos govt bans 2yrs rent in Lagos.


The Lagos state government passed a tenancy bill on Friday,5th of August.
The bill which basically forbids the collection of a 2yr rent from prospective tenants and also disallows Lagos Landlords from collecting 1yr rent from sitting tenants also states that any Landlord guilty of such offense would face a 100,000 naira fine and a 3yr jail term.All sitting tenants are to pay 6months rent in advance.

9ce one ACN!

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