Section 3 Rent Control and Recovery of Residential Premises Law

Section 3 of the Rent Control and Recovery of Residential Premises Law of Lagos State 1997 is about Agreement. It provides as follows:

(1) As from the commencement of this Law it shall be unlawful for a landlord to
accept any rent in respect of any accommodation to which this Law applies which is
in excess of the standard rent prescribed for the type of accommodation provided
that the landlord may apply to the tribunal, to vary the standard rent.

(2) Where any rent is higher than the standard rent prescribed for the type of
accommodation under this Law, the tenant shall pay as from the commencement of
this Law, the standard rent.

(3) Where any rent is less than the standard rent prescribed for the type of
accommodation under this Law the tenant shall continue to pay, as from the
commencement of this Law, the rent until the Tribunal makes as order varying the
rent.

(4) Where before the commencement of this Law, any rent has been paid to a
landlord in advance for a term in excess of that prescribed in the Law, such rent shall not be recoverable by a tenant.

(5) Where as at the commencement of this Law, there is a subsisting lease
agreement between a landlord and a tenant and the rent paid was lower than the
standard rent, a Tribunal shall not increase the rent paid in advance until the
expiration of the lease agreement.

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