Bill To Regulate Multiple-Year House Rent, Agency Fee In FCT Scales Second Reading

A Bill for an Act to Regulate Rental Payments, Prohibit Compulsory Multiple-Year Rent Demands, Housing Agency Practices and Rent Increases in the Federal Capital Territory (FCT), to Establish a Unified Digital Register for Housing Agents, Prescribe Agency Fees, Protect Landlords and Tenants has scaled Second Reading in the House of Representatives.

The bill sponsored by Representative Hon. Paul Nnamchi seeks to protect consumers and improve confidence in the housing sector.

According to him, the bill serves the public interest and is a step toward a more transparent housing system in the FCT.

The bill scaled second reading following a heavy debate and amid dissenting voices questioning the constitutional provision and the free economy