The landlord of the Broadway Shopping Plaza has been taken to court
by tenants over allegations of demanding a three-year upfront payment of
rent and a 100% rent increment.
According to the tenants, the landlord of the plaza, Sunday
Omosen called a meeting to inform them of his decision to increase the
rent by 100% and also demanded that they pay three years’ rent upfront.
The current rent for most tenants of the plaza was due to expire on 31 October, of this year, with the tenants paying between N250,000 to N1 million per annum, depending on shop size and location.
The landlord’s counsel, Mr. Okechukwu Umemuo, would however, deny the
allegation of the 100% rent increment and three years’ upfront payment
during the hearing before Justice O. H. Oshodi of the Lagos State High
Court on Wednesday, 22 October.
After deliberations, Justice Oshodi ruled that the landlord and
tenants should maintain the status quo and pay their rent on or before 6
November, which is the next adjournment for the case.
Going by the ‘Lagos State Tenancy Law of 2011, the landlord may not get a favourable judgement.
The law states in part, “It shall be unlawful for a landlord or his
agent to demand or receive from a sitting tenant rent in excess of six
months from a monthly tenant and one year from a yearly tenant in
respect of any premises without prejudice to the nature of tenancy held
at the commencement of the tenancy.”
No comments:
Post a Comment