LAGOS GOVT URGE RESIDENTS TO REPORT TENANCY AGREEMENT FEES HIGHER THAN 10 PERCENT
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By Aishat Momoh. O.
Again, the Lagos State Government has issued a warning against collecting tenancy agreement fees in excess of the 10% cap and has requested locals to notify the authorities of any irregularities.
Barakat Odunuga-Bakare, the Special Adviser to the Governor of Lagos State on Housing, cautioned against breaking the state’s tenancy law, which caps tenancy agreement costs at 10%, during the 2025 Ministerial Press Briefing at the Bagauda Kaltho Press Centre in Alausa, Ikeja.
“We have been overwhelmed by reports of the activities of these unscrupulous elements making life hard for Lagosians with agreements and commissions that are like asking for an arm and a leg,” Odunuga-Bakare said in a statement issued by the Lagos State Government.
“We are calling on members of the public not to keep silent but to report such agents and landlords to us, for the government cannot be everywhere, every time.”
She reminded all parties involved in the state that the maximum amount of 10% of the annual rent is still in place and underlined the Lagos State Government’s position against the imposition of exorbitant tenancy agreement fees.
Although Lagos’ housing crisis is exacerbated by the city’s expanding population, the special adviser stated that the government and stakeholders have convened to discuss the issue.
“We have met with associations of real estate agents, and they have assured us that the people who are engaging in such practices are not registered agents that identify with their associations,” Odunuga-Bakare said, suggesting that these illegal activities are often perpetrated by unregistered individuals operating outside the purview of established professional bodies.”
Earlier, the Lagos Commissioner for Housing, Moruf Akinderu-Fatai, said the state is mulling monthly and quarterly rent options for residents of the state.
Akinderu-Fatai said many Lagos State residents are battling to pay annual rents. He believes monthly and quarterly rent payments would provide relief to them.
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