property
Advance Rent
Section 4 limits advance rent: max 1 year from new tenants, 6 months from existing monthly tenants. Violators face N100,000 fine or 3 months imprisonment.
Lagos Tenancy Law
Understanding the legal limits on how much rent landlords can collect in advance.
Section 4 limits advance rent: max 1 year from new tenants, 6 months from existing monthly tenants. Violators face N100,000 fine or 3 months imprisonment.
Section 5 requires receipts for all rent payments. Always get a receipt to prove what you paid.
You can report violations to authorities or take legal action to recover excess rent paid.