Kogi Moves to Cap Rent and Agency Fees as Tenancy Reform Advances
Written on
Kogi lawmakers are advancing a new tenancy law aimed at curbing arbitrary rent increases and excessive agency charges. The proposed framework would also require estate agents to register with the state Ministry of Housing.
The Kogi State House of Assembly is advancing legislation to regulate tenancy arrangements, curb arbitrary rent increases and limit excessive charges imposed by property agents. The proposed Kogi State Tenancy Law is intended to replace the state's existing 2007 rent legislation and provide a more comprehensive framework for landlords, tenants and estate agents.
One of the key proposals is to reduce the upfront financial burden faced by prospective tenants. According to lawmaker Akus Lawal, some tenants currently pay between 15% and 20% in agency fees, caution fees and related charges. Under the proposed framework, these charges would be consolidated into a single-use fee of less than 5%.
The legislation would also require estate agents operating in Kogi to register with the Ministry of Housing. The registration system is intended to help authorities identify legitimate property professionals, improve accountability and provide greater protection for tenants and landlords.
Beyond agency fees, the proposed law seeks to address arbitrary rent increases, unlawful evictions, tenancy disputes and other challenges affecting rental relationships. It would establish clearer rights and obligations for landlords and tenants while providing procedures for resolving disputes.
The bill has not yet become enforceable law, meaning its proposed fee limits and other provisions remain subject to the legislative process. If eventually enacted and effectively implemented, the reforms could make Kogi's rental market more transparent while reducing some of the upfront costs associated with securing accommodation.
Read the full story at Nigeria Housing Market(opens in new tab)