A periodic rental can be monthly, quarterly or annual. The chosen form of periodic rental must be explicitly stated on the front of the lease, unless this is included in the lease, it is determined by when the rent was paid or requested.9 Before renting a property in Nigeria, it is important that you enter into a lease with the tenant. The potential landlord will provide you with the lease when you become a tenant. The landlord`s lawyer can also draft the rental agreement on behalf of the landlord and present it to you upon arrival. The rights and obligations of each party are determined by the agreements and provisions of the lease, which must have been assumed voluntarily by the parties, while others are imposed by the law of location of the property. A rental agreement also specifies who is responsible for certain damages and repairs. If a tenant causes damage beyond normal wear and tear, their landlord can use the deposit to cover costs. In addition, the landlord must ensure that his rental property remains in an acceptable state of life. Tenants receive the terms of the tenancy from their owner who owns the property.
The lawyer is suing for the lease. A lease is established by a lawyer with whom the owner cooperates. The importance of understanding the concept of restoring premises cannot be overemphasized, as it would help the parties make quality decisions that will help prevent the emergence of disputes. It will also help reduce unreasonable delays in restoring premises and avoid unnecessary costs and expenses incurred by landlords when it comes to rentals. A periodic lease, also known as automatic renewal, does not have a set end date. In this case, the lease is renewed annually or monthly until one of the parties terminates the lease. One. Rental period – the relationship between the landlord and tenant usually lasts for a defined period of time that has been agreed.
Rental rights end at the end of the agreed term. d. Rental in Leiden – here the tenant is still in physical possession of the property after the end of the rental. The tenant would have come into possession by legal means, but “holds” himself, that is, he remains in possession after the end of the rental. To draft a rental or lease agreement, use this format. Be sure to specify the following: It`s worth noting that one of the most important things about a lease is that it usually follows with a set time, eliminating the need to fire a tenant with a notice. According to the Lagos State Rental Act, if the duration or period of a rental has been specified in a contract, this rental is determined only by a passage of time, and the owner automatically has the right to issue a 7-day notification of the owner`s intention to claim the premises from the tenant, followed by legal action for the restoration of the premises, when the tenant does not leave after the 7 days. Tenants are advised to review their leases to ensure they protect their interests. Although most leases are simple, some people still don`t find them easy to understand.
It is recommended, if possible, to ask a lawyer to review the conditions and advise them on how they affect the tenant`s rights now and in the future. A tenant`s rights include: However, a lease is essential because it further protects the landlord and tenant and expands implied rights. Having a lease is very important. Nigeria is a country with many ethnic groups. There are also mixed views on how landlords should act in land and real estate leases. Leases in Nigeria can be long and complicated documents for some people. Can you imagine signing a contract that implies that you are excluded from the kitchen or that you have guests? The relationship between a landlord and a tenant is subject to the Tenancies Act of the place where the property is located. This is expressed in a rental/rental agreement in which the rights and obligations of each party are clearly defined and regulated.
Evicting a tenant under a fixed tenancy is a little different from what is done under a periodic tenancy. Since a fixed lease is always intended for a certain duration, the ratio is deemed to be terminated or determined at the end of the lease or on the date of termination contained in the lease. This implies that a landlord does not need to give a tenant notice of termination to determine the tenancy.16 To repossess ownership of this type of tenancy, the landlord must grant the tenant a period of seven (7) days beyond the landlord`s intention to repossess the property. However, if the notice of termination is less than seven days or is served within the term of the lease, it will be declared invalid. A lease differs from the rental because of the duration of the duration and the object. This has been studied above. Also highlighted are the basics of a valid rental agreement, i.e. the conditions that must be in place for a rental/lease agreement to be valid in accordance with the law. It is always advisable to seek the help of a lawyer to ensure compliance with the law and the protection of your interests. Although there is no law for landlords and tenants, the lawyer drafts many documented leases between the two parties. It determines what both parties will provide and receive from each other. The Lagos State Tenancies Act 2011 (“the Act”) provides that a court has jurisdiction to rule on matters relating to the rental of leased premises before or after the Act comes into force.1 The Act also provides for the interpretation of the word “court” to refer to the Supreme Court and magistrate court of Lagos, with the exception of the customary court.2It is important to note that: that the law does not apply to the following premises and locations in Lagos State: A.
Procedure for the recovery of premises for regular rental Therefore, the parties are always advised to explicitly and carefully establish the conditions that apply to the agreement, as the provisions of the law may not favour one of the parties over the other or even both. It is widely accepted that tenants in Nigeria do not have as many rights as landlords, but the fact is that tenants in Nigeria have rights just as much as landlords. In fact, the law in Nigeria favours the tenant over the landlord. This is due to the constant harassment and unfair treatment of tenants by landlords. There are three types of rental in Nigeria, but the most popular type of rental in Nigeria is the periodic rental discussed in this article. In addition, the various states of Nigeria also have their rent laws. The Guiding Law for Lagos State Lease is the Lagos State Leasing Act 2011. A lease must be written by the landlord`s lawyer and duly reviewed by a potential tenant before attaching their signature.
Residential leases range from three months to two years, which can be extended after the end of this period. One case concerns Nigeria, where a lease for a period of 3 years or more would have to receive the approval of the governor of the state (i.e. with regard to land in urban areas), the non-existence of which renders such an agreement invalid. Landlords who want to rent out their property often use leases. Each lease describes the terms agreed upon by both parties. .
