A former governor of Lagos State, Babatunde Fashola, has on Friday called on the state House of Assembly to review the state’s tenancy law.
This according to him, should compel landlords in the state to collect six months’ rent.
He made this call at the Gala Night in commemoration of 25 years of unbroken democratic governance in Nigeria organised by the Lagos State House of Assembly in Lagos.
Recall that, Fashola had in August 2011 signed the Tenancy Law to enable landlords in the state collect a year rentage from new tenants.
But owing to the present economic challenges, he called on the Assembly to review the law to protect tenants.
He said, “We are using this law to protect landlords and citizens from shylock landlords.
“I remember that this House once started by reducing the tenancy agreement from three years to one year, which had its impact.
“At this time of economic challenges and cost of living issue, I think we can go back to the tenancy agreement where landlords should be compelled to collect three months to six months’ rent. This will help in no small way,” he said.