Law To Stop Annual Rent Payment In FCT Underway In Senate

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A Bill seeking to make the annual payment of rent illegal in the Federal Capital Territory (FCT) has scaled second reading in the Senate. Tagged: “A Bill

He noted that in the FCT, Landlords demand between one to three years advanced rent, a situation which he pointed, “automatically adds a huge burden on the masses, subsequently giving rise to desperation and corruption.”He lamented that the “tenancy system has continuously impoverished Nigerians who are salaried employees that can only pay rent after haven received their first remuneration.

He underscored the need for Legislation aimed towards justice, fairness, equity and improved standard of living.He noted that in the FCT, a single one room apartment ranges from one million Naira to two million Naira within the city. He said, “The truth is out there, many residents in the FCT are groaning under this very difficult system where people are expected to pay house rent in advance.

“[And] so, Mr. President, I think we are doing the right thing if we look at the intendment of this bill.

Source: Law Daily Report (lawdailyreport.net)

 

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