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What You Need To Know About Abia’s Tenancy Protection Law
['Benita Ogbuehi']
The Whistler Newspaper
What You Need To Know About Abia’s Tenancy Protection LawThe Abia State House of Assembly has passed the Abia Property and Tenancy Bill, introducing far-reaching reforms aimed at regulating property transactions, protecting landlords and tenants, and sanitising the activities of property agents across the state.
The law provides for the establishment of the Abia State Property and Tenancy Regulatory Authority, which will oversee the implementation of the new law once it receives the assent of Governor Alex Otti.
Mandatory Registration Of AgentsA key provision of the legislation makes it mandatory for all property agents operating in Abia State to be registered with the regulatory authority.
The board will be responsible for regulating the activities of property agents, ensuring compliance with the law, enforcing professional standards, and addressing issues relating to property transactions in the state.
Speaker of the Abia State House of Assembly, Emmanuel Emeruwa, announced the passage of the bill during plenary, stating that the law would take effect upon receiving the governor’s assent.