House of Reps Passes Bill to Regulate FCT Rent Payments

The House of Representatives has passed a bill for a second reading aimed at regulating advance rental payments in the Federal Capital Territory (FCT). Sponsored by Professor Nnamchi and co-sponsored by Ahmed Yusuf Doro (Rep, Bindawa/Mani), the bill seeks to prevent landlords, estate agents, and property managers from demanding more than 12 months' rent in advance.

During the debate, Professor Nnamchi highlighted the financial pressure excessive advance rent demands place on residents, affecting their savings and small businesses. The proposed legislation, titled "A Bill for an Act to Regulate Advance Rental Payments," aims to establish the Federal Capital Territory Rent Regulation and Tenants’ Protection Authority to investigate complaints and enforce compliance.

Violations could result in fines ranging from ₦500,000 to ₦5 million for individuals and ₦5 million to ₦20 million for corporate offenders. Lawmakers expressed support for the bill while suggesting amendments to address property rights and the regulation's scope.