The Lagos State Government has once again issued a stern warning to landlords and property agents across the state, emphasizing that tenancy agreement fees must not exceed 10% of the annual rent, in line with existing housing laws.
This was disclosed by the Special Adviser to the Governor on Housing, Barrister Barakat Odunuga-Bakare, during the 2025 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre in Alausa, Ikeja.
Odunuga-Bakare reminded all stakeholders in the housing sector that the Lagos State Tenancy Law is clear on the matter and that any demand beyond the legally approved limit constitutes a direct violation of the state’s regulations.
“The Lagos State Government has reiterated its stance against the imposition of excessive tenancy agreement fees, reminding all stakeholders within the state that the stipulated maximum remains 10% of the annual rent,” she said.
She further noted that landlords or agents who flout this law by charging more than 10% of annual rent as legal or agreement fees will be penalized, adding that enforcement mechanisms are being strengthened to curb exploitative rental practices.
The state’s housing adviser also urged tenants to be aware of their rights and report any violations to the appropriate authorities, assuring that the government is committed to protecting residents from undue financial burdens in the rental process.
Lagos Reporters will continue to monitor the enforcement of this directive and report on cases where landlords or agents are found violating the law, as part of our commitment to holding stakeholders accountable and amplifying the voices of Lagos residents in the housing sector.
This move is part of broader efforts by the Babajide Sanwo-Olu administration to create a fair, affordable, and transparent housing environment in Lagos, particularly amid rising living costs and housing demand in the state.
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