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Lagos to implement one-year lease rule – Obafemi Hamzat

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By Linda Ikeji

Lagos to enforce one-year rent rule - Obafemi Hamzat

Lagos State Deputy Governor Obafemi Hamzat says the state authorities has finalized plans to implement the one-year lease cost provision in its actual property regulation to forestall landlords from demanding two or three years lease prematurely.

Hamzat, who can also be the All Progressives Congress Party’s governorship candidate, stated the supply was contained within the Lagos State Real Estate Registration Agency regulation handed in 2025, including that the federal government’s subsequent precedence was to make sure compliance.

He disclosed this throughout a governorship debate organised by the Nigeria Debate Consortium in Lagos on Sunday, November 9.

While discussing the housing deficit in Lagos and the excessive lease within the state, Hamzat stated the following part is for Lagos to implement the legal guidelines that prohibit landlords within the state from demanding rents a couple of 12 months.

“So the next chapter for Lagos is to enforce, to make sure. So people should not be asked 2 years, 3 years ahead because nobody gets salary three years ahead”

The governorship hopeful also said the law requires real estate agents to register with the state and be listed on an official database.

He urged residents to use the Lagos State Real Estate Registration Agency’s online platform to report issues and help the government monitor sector activities.

“So our appeal to the citizens is in terms of communication, to make sure that people use that site, because that is the only way we can track. Because this, when these things happen, government must also have the feedback,” he stated

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