Lagos Tenancy Law Amendment Will Boost Real Estate Investment – Attorney-General

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The Lagos State Government disclosed on Tuesday that ongoing efforts to improve justice administration system with the reform the state’s Landlord-Tenant law would encourage real estate investors to invest in the state.

The Lagos State Attorney-General and Commissioner for Justice, Mr Lawal Pedro, a senior advocate of Nigeria, who made this disclosure during at a press conference in Lagos, said the Ministry of Justice had presented a bill to the Lagos State House of Assembly to amend the state’s Landlord-Tenant law, to fast-track its litigation in court.

He advocated compliance with law when enacted, describing delays in tenancy matters as injurious, especially to landlords who are mostly at the receiving end when cases linger in court.

The Attorney-General said: “We are working to see that tenancy cases are done within a three-month period, to encourage people to build for rent.

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“It is going to be a win-win situation for both the tenant and the landlord; the reform law will not be administered to hurt the tenant in favour of the landlord.

“If tenancy cases should last more than necessary as we have it now, it discourages investment in the real estate; many of the developers build with loans and need to recoup and pay back loans.

“But when tenants delay justice administration to hold property owners to ransom while still occupying the property without payment while the case lasts, is injustice” he added

Pedro further explained that the Citizen Mediation Centre in each local council of the state, the Office of the Public Defender and the Directorate of Citizens Rights were arms of the justice ministry created to provide legal services to indigent persons

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