Andrew's Blog - Inspiration, Technology, Business: Bill To Prohibit Multiple Years Rent Spreading

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June 24, 2013

Bill To Prohibit Multiple Years Rent Spreading

One Year Tenancy Rent - A good Landlord will never collect more one year house rent.
      

A good Landlord will never collect more than year for house rent: When it first came up in Lagos that a bill was ongoing to pass into law for Landlords not to collect more than one year for tenancy house rent, many reactions came from both sides concerned . Today, it is a reality since the bill was passed into law by the Lagos state government in 2011. I hope same will go round nationally.

I recently met a Landlord of many houses who on his own vowed never to collect more than
one year rent from new tenants for reasons quite interesting, you can imagine the greedy ones call him fool for not being greedy as they. "I see no reason why a Landlord in Nigeria would desperately want to collect two to three years for house rent. It is pure 100% greed! It would be excellent for the Federal Legislature and Presidency to sponsor such bill and pass it into the law to be implemented in all states of the federation. Recently early this this year, Abuja's bill on the same passed the second reading...Let it spread across the states!

"If Governor Raji Fashola of Lagos State successfully had it working in Lagos till date then it is possible in other states with many acclaimed vibrant and people oriented state governments even if it is not on a Federal level. Think about it!




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