Recent reporting on the draft tenancy legislation now before the state legislature shows the bill promises to fundamentally reshape the relationship between landlords, tenants, and agents in Lagos State.
The hope is that the new law will help end many of the frictions — multiple years’ rent upfront, unpredictable evictions, agent abuse — that have long plagued the city’s housing market.
But the reforms also place new obligations and potential constraints on property owners and intermediaries. As things stand, the bill remains under review in the state’s House of Assembly but enough has leaked to give both landlords and tenants reason to pay attention.
Agent Regulation and Commission Caps
All real estate agents in Lagos would need to register with the Lagos State Real Estate Regulatory Authority (LASRERA), before operating.
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