Senate Seeks To Ban Yearly Rent In FCT

A Bill “Advanced Rent (Residential Apartments, Office Spaces, etc.) Regulation Bill 2022” sponsored by Senator Smart Adeyemi, the Senator representing Kogi West, has passed first reading on the floor of the Senate.
The Bill, provides for a maximum of three months advance rent payment in the first instance and subsequent monthly payment for the duration of the rent in the FCT.
The bill also seek to make it an offense for any landlord in the FCT to demand payment of advance rent from tenants.

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