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Tenancy Agreement In Nigeria Template

Tenancy Agreement In Nigeria Template

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. A rental agreement in Nigeria or a simple tenancy agreement is a so-called written contract between a tenant and the owner of a property. The owner of the property expresses the wish to give his property for temporary detention. 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. At a minimum, the agreement should indicate the parties, the duration of the tenancy, the real estate and the amount of the rent. The landlord is designated as the landlord and the tenant as the tenant. The parties choose the above addresses as their physical addresses for the purpose of providing a notification, payment of any amount and legal action in connection with this property lease. Each party can change the information about its physical addresses at any time, by written notification to the other party. This amendment will come into effect on the 7th day after the other party receives the notification. Any notification that the landlord must send to the tenant is considered valid if it is sent by prepaid recommended letter to the tenant in the property or left by the landlord or his representative at that address, which is considered to be 5 days after the publication by recommended letter or on the day of sending the notification by telephone. According to Section 47 of the Lagos State Tenancy Law 2011, these are “written or verbal, explicit or implied agreements between a landlord and a tenant with respect to the possession of premises.” [LANDLORD] and [TENANT] are collectively referred to as “parties” in this rental agreement.

Both parties had the opportunity to conduct a full review of this document prior to the signing of this document and, if necessary, to consult with counsel. The best understanding is that this document accurately and fully describes the expectations and agreements between the parties regarding [PROPERTY] for the duration of this rental agreement. 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). Goods provided as part of the document are often referred to as leases. It always includes specific rights to real estate. A rental property can go to other questions about rent. Nevertheless, in any typical rental agreement, you can answer the following questions: The flagship law for the Lagos State lease is the Lagos State Lease Law 2011. Panda-Tipp: 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 notification if you can. For example, a tenancy agreement sets rules such as the amount of rent and when the tenant has to pay it.

If a tenant breaks these rules and the landlord has reason to be physical, the landlord may have the right to dislodge the tenant. 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.