Lagos State is once again making waves in the housing sector as the government hints at a new tenancy policy aimed at balancing the relationship between landlords, tenants, and agents.
According to reports, the Lagos State House of Assembly is currently reviewing a fresh tenancy bill designed to modernize rent regulations and protect tenants from unfair charges. One of the major highlights under discussion is a cap on agent or commission fees, which may soon be limited to 5% of annual rent — a move that could bring relief to many renters in the state.
The government has also emphasized that it is engaging key stakeholders, including estate agents, lawyers, and tenant associations, to ensure the law reflects fairness and economic realities.
However, despite online claims suggesting that Lagos has already implemented the new tenancy law, no official amendment has been signed into effect yet. The current Lagos Tenancy Law of 2015 remains valid, meaning that any changes are still at the proposal stage.
Government officials have also debunked viral social media posts claiming that landlords are now limited to collecting only three months’ rent upfront, describing such claims as false and misleading.
As Lagos continues to grow into one of Africa’s most vibrant cities, housing and rent reforms remain at the center of public discussion. The new policy — once passed — could reshape how rent is paid and disputes are resolved, but for now, tenants and landlords must still operate under existing laws.
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