The Lagos State Government has declared its intention to take decisive action against landlords and property agents who impose unjustifiable rent hikes on tenants. This move aims to curb exploitative practices in the housing sector and safeguard residents’ rights.
Barakat Odunuga-Bakare, Special Adviser on Housing to the Lagos State Real Estate Regulatory Authority (LASRERA), emphasized the government’s commitment to addressing arbitrary rent increases. She stated that the tenancy law is currently under review to incorporate provisions that protect tenants from such practices…….CONTINUE READING
Odunuga-Bakare also highlighted ongoing engagements with landlords, property associations, and developers to promote fair pricing and responsible development. She urged residents to report any violations directly to LASRERA, either in person or through digital channels .
In addition to these measures, the state government plans to enforce a monthly rental policy. This policy aims to alleviate the financial burden on tenants who currently pay annual rents upfront. The government intends to pilot this scheme within the public sector before extending it to the private sector.
These initiatives reflect the Lagos State Government’s dedication to ensuring social justice and protecting residents from predatory real estate practices
