The Lagos State Government has introduced sweeping changes to its tenancy law, tightening regulations on rental agreements and offering greater protection to tenants across the state.
The revised law, which came into effect this week, places clear limits on rental demands. Landlords are now prohibited from collecting more than three months’ rent in advance from existing tenants, while tenants themselves are barred from offering more than that amount upfront.
In addition, landlords must provide tenants with official receipts for all rent payments. Failure to do so could result in a fine of ₦10,000. The law also caps tenancy agreement fees at 10 percent of annual rent, warning that any landlord or agent who charges above this threshold will be deemed to have violated the law.
A senior official at the Lagos State Ministry of Justice explained that the update is designed to “create a balanced rental framework that discourages exploitation and protects the rights of tenants.”
He added, “For too long, the rental market in Lagos has been tilted in favour of landlords. These provisions are meant to restore fairness while ensuring that landlords still receive what is due to them.”
The state government noted that enforcement mechanisms are being put in place to monitor compliance, with penalties awaiting defaulters. Authorities also encouraged tenants to report any cases of overcharging or refusal to issue receipts.
By aligning with its broader housing policy, Lagos State hopes the revised law will ease the burden of rent for residents while discouraging sharp practices in the real estate sector.
