The Bill seeking to put a stop to the yearly collection of rent in advance has scaled through the first reading and is now at the second stage.
The Nigerian Senate which acted upon the Bill proposed by Senator Smart Adeyemi aims to halt all advance rent payments and cause homeowners to collect rent monthly in arrears in the Federal Capital Territory, FCT.
Part of the objectives of the sponsored idea is to make things easy for tenants and help avoid the financial pressure hustling of an advanced payment when the current is still ongoing.
However, the Senator failed to understand why the rent keeps on skyrocketing when there are still so many vacant houses lying fallow.
Bill Hopes to End Outrageous Rents
The reason for such incomprehensible wastage, according to the Senator, is due to the exorbitant prices placed to acquire or rent dormant properties.
Adeyemi said, “Many residents of FCT are finding it very difficult to cope with huge rent payments, the reason many of the houses built for such purpose are empty.” adding that some landlords always insist their tenants pay one year or two years rent.