Relief from yearly burdensome rent payments by tenants across the country, has been triggered as a bill for monthly rent payment, is to be presented to the Senate for consideration next week by Senator Ned Nwoko (PDP Delta North)....CONTINUE READING THE FULL ARTICLE>>>
The move reared up again, months after the ninth Senate made similar attempts to ease Nigerians’ burden.
Senator Nwoko in the bill titled :“One-Month Rent Limitation and Landlord Registry Act”, aimed at abolition of yearly rent payment by tenants in Nigeria through a Rent Control Body.
As stated in the draft copy, the proposed bill, if passed into law, will make it easier for tenants to pay their rents monthly instead of the oppressive one year/two or three years rent payment, thereby fostering cordial relationships between the landlords and tenants.
According to Senator Nwoko, the current yearly rent payment, makes tenants face difficulties in raising their rent in bulk with attendant disharmony between them and their landlords or caretakers.
For effective implementation, Nwoko is also seeking for a rent control body to effectively monitor and implement the law in every state and local government areas of the country.
Addressing journalists on the proposed bill in Abuja on Thursday, Senator Nwoko said, “There is the need for us to understand the issues at stake here. Rent control is for both rich and poor. There are houses/flats of different classifications all over the country.
“The issue here is that it is unfair on tenants to be asked to look for such huge amounts for advance payment of rents of one year or two years in advance.
“It is not done in any civilized nation. Where does the money come from.? (from begging, lying, stealing, killing, deceiving, etc)? What is needed is a rent control body to effectively monitor and implement the law in every local government and in every state.
“Every tenancy agreement must be in a written form and a copy must be filed by both landlord and tenant at the rent control agency.
“This must be done two weeks before the commencement of the tenancy otherwise there will be a fine of 10% of the total rent sum”.
He further explained that low cost housing scheme across the country, has nothing to do with the proposed rent control…CONTINUE READING>>
