Lagos, lawyers in talks over amended LASRERA law, monthly rental policy

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Towards implementing the new policy in real estate transactions, the Lagos State Real Estate Regulatory Authority (LASRERA) has held talks

Managing Partner, Adetola Ayanru &Co, Ms. Adetola Ayanru ; Representative of Attorney General and Commissioner for Justice,Lagos State, Mrs. Aderinsola Olanrewaju; Special Adviser to Lagos State Governor on Housing, Mrs.

Benson-Awoyinka, who decried the level of frauds perpetrated by unscrupulous individuals in the real estate industry, said most fraudulent real estate transactions do not engage lawyers from inception of such transactions. Speaking on the proposed monthly rental policy , the Special Adviser noted that the scheme is a social investment programme of Lagos State government to alleviate suffering of the residents seeking comfortable shelters, stressing that the state government would not compel any landlord to subscribe to this initiative.

He assured that the law would change the landscape of real estate development and management in general.

 

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