The sponsor of the expense, Senator Smart Adeyemi stated it would enable tenants to make an optimum advance payment of 3 months’ rent, with subsequent regular monthly payments.

Senate Considers Bill To Bar Landlords From Collecting Annual Rent

The Nigerian senate is looking for an expense to make it prohibited for property owners to require payment of advance rent from tenants of property and office buildings and spaces beyond 3 months.

Sponsor of the bill Senator Smart Adeyemi who spoke to newsmen about the bill, stated it would allow renters to make a maximum advance payment of three months’ rent, with subsequent monthly payments.Pointing out that property managers have actually been compelling renters to make one-year and two-year advance lease payments prior to renting their houses, which often is not budget friendly for lots of Nigerians, Adeyemi exposed that the proposed legislation states a maximum advance lease payment of 3 months and after the expiration of the three-month lease, the tenants are expected to pay month-to-month. ToriNG