The Ebonyi legislature has passed a new law regulating house rents and agent fees across the State.
The legislation is designed to standardise rental prices and curb the excessive agency fees often charged by both professional and non-professional agents.
The new law seeks to bring greater transparency and fairness into the state’s housing sector, protecting tenants from arbitrary rent increases and inflated commission charges.
Stakeholders have welcomed the development, describing it as a timely intervention that could ease the financial burden on residents, especially low- and middle-income earners who struggle with high housing costs.
The bill is expected to provide clear guidelines on acceptable rent levels and the maximum fees that can be charged by property agents. Once fully implemented, it could significantly reduce exploitation in the rental market.
The Ebonyi State Government is expected to begin the process of implementing the new law in the coming weeks.
