The New Lagos Tenancy Law: 5. Rent payment receipt (1) As from the commencement of this Law, all landlords of premises 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 of which rent was received; (b) Name of the landlord and the tenant; (c) Location of premises in respect of which the rent is paid (d) Amount of rent paid; and (e) Period to which the payment relates. (4) Any landlord who fails to issue a rent payment receipt to his tenant as prescribed under this Section, shall be liable to a fine of ten thousand Naira (N10,000.00) payable to the Court.
Posted on: Mon, 04 Nov 2013 18:37:12 +0000
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