Posts with tag "tenancy law"

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 It effectively repealed the hitherto Rent Tribunals (Abolition and Transfer of functions) Law 2007.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".

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Controversy last week continued to trail the new Lagos tenancy law after Governor Babatunde Fasola assented to the bill 14 days ago, as the prospects of having an acceptable law and backing of professionals in the estate agency practice loomed large at the weekend.

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Heavy clouds of uncertainty hovered at the weekend over the newly signed Lagos State Government tenancy law, as legal practitioners geared up towards taking up arms against the state government by initiating a court action soonest.

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The Lagos State Hosue of Assembly enacts as follows:

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Lagos State Governor, Mr. Babatunde Raji Fashola (SAN), has finally signed the long-awaited tenancy bill into law, despite the controversies that have trailed the concept of the law.

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As concerns continue to swell within the metropolis over a proposed tenancy law in Lagos, professionals, particularly, members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) have begun serious consultations that may culminate into dialoguing with the state government.

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As Lagosians await the assent of the controversial new tenancy law by Governor Raji Fashola to usher in a regime of rent control, divergent views have continued to becloud the proposed document.

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