Tenancy Agreement In Nigeria Doc

Yes, a landlord may throw a tenant off the premises, as long as the tenant is given appropriate notice. However, non-payment of rent is not the only reason a tenant can be laid off. A tenant may be evicted for the use of the premises for illegal purposes or if he violates a contract in the tenancy agreement or if he constitutes a nuisance or if the tenant has abandoned the rented premises. The keys to the rental property belong to the landlord and are returned by the tenant to the landlord at the end of the lease. The tenant does not change or redefine blockages for rental property, nor does he make double keys. If there is a need for spare keys or new castles, tenants will ask the landlord for them. Panda Tip: Maybe you want to have a 24-hour notice period in this agreement, but in practice it might be good to give a little more message if you can. Panda Council: Laws change and you don`t want your entire agreement to be undermined by a change in the law that you didn`t know. This mitigates the blow of such a situation. The concept of lease is a widespread concept in Nigeria, it is reported that 85 percent of the Nigerian urban population lived in rental housing in 2010, a large percent of their income on rent. This proves that the lease is widespread in Nigeria and is still widespread. The purpose of this writing is to briefly discuss the concept, laws, clauses, rights related to leases with a particular focus on the State of Lagos. In addition, when a lease is obtained, certain rights and rights are created individually for both parties, these rights include: A rental contract must be drafted by the lawyer to the lessor and must be duly controlled by a potential tenant before hanging his signature.

After filling out the form, the tenant must go through the agreement and sign two copies of the document. Subsequently, the landlord should also sign both copies and deliver a copy to the tenant. After payment of the rent, the landlord must issue the tenant a proof of rent (depending on the measure of the rent payment). Section 13 of the Lagos State rental right sets the duration of the termination in the absence of an agreement between the landlord and the tenant; One month for a monthly lease; 3 months notice for a semi-annual lease and 6 months notice for an annual lease. Other applicable laws include Registered Land Law, Land Registration Law, Capital Gains Tax Act and rental law in different states in Nigeria. Some other clauses that must be included in a rental agreement are recitals, testatum, consideration, parcel, hatdum, reddendum, testimonium, performance, certificate, etc. They are all essential to the development of a lease agreement, so that an error or error could be costly to either party. A rental agreement is an agreement between a landlord (the owner of the property) and the tenant (the person who acquires the property for rent) and who sets the terms of the contract such as rent, use of the property, agreements between the two parties, termination conditions, etc. The amount to be paid must be specified in the agreement in order to prevent the landlord or tenant from being in transit. The parties are bound by the price agreed in the agreement, which should not vary arbitrarily. As simple as it is, don`t be fooled.