Trouble For Abuja Landlords As Moves To Introduce Monthly Tenancy

The Senate yesterday begin consideration of a bill seeking to banish yearly tenement and introduce monthly payment of rent.

According to the bill, people seeking to rent an apartment in Abuja would only be required to pay for three months initial deposit and continue with a monthly renewal plan of the apartment.

The bill, “Advanced Rent (Residential Apartments, Office Spaces, etc) Regulation Bill, 2022 (SB 893) sponsored by Sen Smart Adeyemi (Kogi West) which was read for the first time at the floor of the red chamber, if passed and signed by the President, will allow Abuja residents to pay their rents on a monthly basis.

Speaking to journalists after the presentation of the bill, Adeyemi said it is targeted at reducing tension from Nigerians that go through difficulty in raising their rents.

“Those who stay with their landlords in the same properties don’t find it easy if the rent expired,” Adeyemi said, insisting they must do what will make Nigerians, especially the Abuja residents happy.

“Some landlords always insist their tenants pay for one year or two years rent. That is wrong. By this bill, Nigerians especially Abuja residents will now be paying rent on a daily basis after the expiration of the initial three months, ” Adeyemi said.

READ ALSO  Senate Approves 6 New Law Schools, See Locations

Leave a Reply

Your email address will not be published.