Senate Moves To Stop Annual Rents In FCT

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A bill seeking to make the annual payment of rent illegal in the Federal Capital Territory has scaled second reading in the Senate.

The bill was tagged: “A Bill for the Regulation of Advanced Rent on Residential Apartments, Office Space” was sponsored by Senator Smart Adeyemi (Kogi West).

The lawmaker, in his lead debate on the general principles, said the bill seeks to regulate the mode of payment of rent on residential apartments, office space, rooms and accommodation in the FCT.

He explained further that due to global economic recession, life has become very challenging and almost unbearable for the low income earners despite the huge palliative measures by the Federal Government through the N-POWER traders money.

He noted that in the FCT, Landlords demand between one to three years advanced rent, a situation which he pointed out automatically adds a huge burden on the masses, subsequently giving rise to desperation and corruption.

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