Lagos Renters Exploited by Agents Despite Government Interventions
The Lagos State government has implemented interventions such as the Lagos Home Ownership Mortgage Scheme (LagosHOM) and the Lagos State Real Estate Regulatory Authority (LASRERA) to protect tenants from exploitation by agents. However, renters continue to suffer as agents flout laws limiting legal fees to 10% of annual rent.
Many tenants, like Chidi Samuel and Kingsley Chinwendu, are being charged exorbitant fees, exacerbating the housing crisis in Lagos due to weak enforcement of existing legislation.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
New Lagos Tenancy Bill Aims to Reform Rental Regulations and Protect Tenants
Lagos State Reviews Tenancy Law, Impacting Landlords and Tenants
Renting in Lagos 2025: Skyrocketing Prices Force Residents to Seek Alternatives
Nigerian Families Struggle as Soaring Rents Deepen Urban Housing Crisis
Lagos State Introduces Tenancy Bill with Strict Penalties for Landlords, Agents, and Tenants
Nigerian Reps to Regulate House Rent Nationwide Amid Exploitation Concerns
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
