Section 5 Tenancy Law of Lagos State 2011
Section 5 of the Tenancy Law of Lagos State 2011 is about Rent Payment Receipt. It provides as follows:
(1) As from the commencement of this Law, all landlords shall upon payment of rent by the tenants, be obliged to issue a rent payment receipt to their tenants in respect of such payments.
(2) The receipt shall state the –
(a) date on which rent was received;
(b) Names and addresses of the landlord and the tenant;
(c) description and location of premises in respect of which the rent is paid;
(d) Amount of rent paid; and
(e) Period to which the payment relates.
(3) Any landlord who fails to issue a rent payment receipt to his tenant as prescribed under this Section shall be liable on conviction to a fine of One Hundred Thousand Naira (N100, 000.00)
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