The Lagos State Government has signed into law a new Tenancy legislation which prohibits Landlords in Lagos State from collecting rentals in excess of six (6) months from a sitting (existing) tenant, and not more than one (1) year’s rent from a new tenant. On conviction, the penalty for a breach of these provisions, is a three (3) months jail time or a fine of N100,000:00 (One Hundred Thousand Naira).