SENATE OKAYS BILL SEEKING TO MAKE ABUJA LANDLORDS COLLECT RENT MONTHLY.
The Nigerian Senate has passed for second reading, a bill seeking to regulate rent payments in the Federal Capital Territory (FCT).
The proposed legislation, sponsored by Senator Smart Adeyemi, specifically seeks to stop yearly advance payment of rents and compel house owners to collect rent monthly in arrears.
Adeyemi, in his lead debate, said the bill was to cushion the effect of outrageous rents on properties on residents in the nation’s capital.
He said many properties in Abuja were empty because of the outrageous rents placed on them.
Other Senators who equally threw their weights behind the bill, described the proposed law as people-centred.
In opposing the bill, Senator Chimaroke Nnamani said rents are determined by market forces, like the cost of acquiring land and building materials.
But his position, however, did not stop the passage of the bill for second reading.
The bill was referred to the Senate Committee on Housing, giving four weeks to report back in plenary for further legislative inputs.