To update our memories and for the interest of those that are not quite conversant with the dictates of the Lagos Tenancy Law 2011, the aforesaid law came into effect in August 2011. It effectively repealed the hitherto Rent Tribunals (Abolition and Transfer of functions) Law 2007. Essentially, this law is aimed at inter-alia, "regulating rights and obligations under tenancy agreements and the relationship between the landlord and the tenant including the procedure for the recovery of premises and for other connected purposes in Lagos state".
To cut through the verbiage, the nitty gritty of the law and the one that is of most interest to most tenants is Section 4 that makes it unlawful for a landlord to demand or receive any rent in excess of one year from a sitting yearly tenant, six (6) months from a sitting monthly tenant and one year from a new or would be tenant. It is also unlawful for new and sitting tenants to offer to pay rents in excess of this proviso been a fine of one hundred thousand naira or three (3) months imprisonment.