Landlords, Tenants React To Senate Monthly Rent Bill Proposal

LAGOS FEBRUARY 9TH (NEWSRANGERS)-Nigerians have expressed varied viewpoints on the government’s proposed decision for tenants to pay house rent monthly, as opposed to the annual payment. The Senate has passed for second reading a bill seeking to regulate rent payments in the Federal Capital Territory (FCT). The proposed legislation, sponsored by Senator Smart Adeyemi (APC,…

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Tenants, NLC, Property Developers Tackle FG Over 6% Stamp Duty

LAGOS JULY 29TH (NEWSRANGERS)-The federal government’s planned implementation of six percent stamp duty charge on tenancy agreements nationwide effective from August 10, 2020, has elicited bitter reactions from the organised labour, estate agents and tenants, with all describing the fiscal measure as insensitive. Daily Trust investigations on the charge, which was announced by the Federal…

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