The Lagos State Government has issued a stern warning to residents and stakeholders in the real estate sector, urging them to report any tenancy agreement charges that exceed 10 percent of the total rent. This directive is part of the government’s ongoing efforts to protect tenants from exploitation and promote fairness in housing transactions across the state.
According to the Lagos State Commissioner for Housing, any demand for tenancy agreement fees beyond the legally stipulated 10 percent constitutes a violation of tenants’ rights and will attract legal consequences. The government has called on tenants to lodge complaints with the Lagos State Real Estate Regulatory Authority (LASRERA) if they encounter landlords or agents who impose excessive fees.
The government reaffirmed its commitment to ensuring a transparent and affordable rental market in Lagos, emphasizing that all real estate practitioners must comply with the rules set out under the state’s tenancy laws. Residents were encouraged to demand proper receipts and documentation, and to avoid informal transactions that lack legal backing.
