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The Lagos state government has sounded a clear warning to landlords and property agents who forced an arbitrary rental increase in residents, swearing that they will no longer tolerate exploitative housing practices that deepen the economic struggle of the tenant in all states.
Speaking during the direct appearance on TVC’s “Your View” on Saturday, a special advisor about housing to the Lagos State Real Estate Regulatory Authority (Lasrera), Barakat Odunuga-Bakar, condemning what he described as “opportunistic rental and cannot be justified to increase,” especially in cities that have wrestled with home pressure and economic pressure.
“The government will not continue to fold its arms while lagosiians are used,” Bakare said, reaffirizing the commitment of the Governor of Babajide Sanwo-Olu to protect the population from the practice of real estate predators.
Bakare revealed that the State rental law is currently being reviewed to overcome critical inequalities, including lack of formal regulations around warning costs, recurring sources of quarrels between landlords and tenants. He urged the affected residents to report violations directly to Lasrera, either directly or through digital channels.
Also read: Why Real Estate Profitable in Lagos
In an effort to ensure transparency and curb the activities of immoral agents, Bakare encourages lagosians to verify the registration status of agents or developers through Lasrera before conducting transactions.
“There is a clear difference between the responsibility of lawyers and agents in property transactions,” he said, noting that many legal practitioners exceed their limits in real estate transactions.
Beyond law enforcement, the state government also prioritizes involvement. Bakare revealed that sustainable dialogue is ongoing with landlords, property associations, and developers to promote fair prices and responsible development.
He also stressed that the allocation of state -owned housing follows strict and transparent criteria to ensure justice and accountability in distribution. This is a step aimed at restoring public confidence in housing initiatives managed by the government.
To real estate practitioners, the message is direct: Register with lasrera or risk sanctions.
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