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 each typical tenancy agreement, you can answer the following questions: It should be noted that one of the most important things about a rental agreement is that it usually follows with a fixed time, which no longer makes it necessary to re-address a notice of termination to a tenant. Under the lagos lease fee, if the time or duration of a lease has been indicated in an agreement, this rent is determined only by an exit from time, and the lessor automatically has the right to issue a 7-day notice of the landlords who intend to recover the premises from the tenant, after an action to recover the premises where the tenant fails to evacuate after the 7 days. A rental agreement is a relationship between a person and his owner. A lease gives rights to both parties. The dominant factor of a lease is that it is safe for a term, which is usually between one to three years with the possibility of renewing itself. Any three-year lease is considered a lease agreement and not a lease. However, it is important to note that under Lagos State Tenancy Law 2011, a landlord cannot accept rent beyond a one-year period, except for designated areas such as Ikoyi, Victoria Island, Apapa and Ikeja GRA. A rental agreement also specifies who is responsible for certain damages and repairs. If a tenant causes damage that goes beyond normal wear and tear, the landlord can use the deposit to cover the costs. In addition, the owner should ensure that his leased property remains in an acceptable state of life.
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. Unfortunately, even if the landlord establishes a rental agreement, most tenants simply sign the documents without properly verifying them. Ideally, this agreement should be reviewed by a legal expert. Rules that can contain ideas when the lease can be terminated prematurely and under what conditions. It also includes the period for a tenant, so he/she could leave the property. At the same time, it protects the tenant by indicating the exact time the landlord notices before the evacuation procedure. At a minimum, the agreement should indicate the parties, the duration of the tenancy, the real estate and the amount of the rent.