The invoice’s sponsor, Senator Good Adeyemi, stated it could permit tenants to pay as much as three months’ lease upfront, with subsequent month-to-month funds.
The Nigerian Senate is in search of a invoice to make it unlawful for landlords to require tenants to pay lease upfront for residential and workplace buildings and areas for greater than three months.
The invoice’s sponsor, Senator Good Adeyemi, who spoke to reporters in regards to the invoice, stated it could permit tenants to prepay as much as three months’ lease, with subsequent month-to-month funds.
Noting that landlords have been forcing tenants to make advance lease funds of 1 and two years earlier than renting their residences, which is usually unaffordable for a lot of Nigerians, Adeyemi revealed that the proposed laws gives for a cost of lease upfront of three months most and after the expiration of the lease of three months, tenants are anticipated to pay month-to-month.