A lease in Nigeria or a simple lease is what is called a contract between a tenant and the owner of a property. The owner of the property expresses the wish to transfer his property for temporary ownership. In addition, when a rental agreement is concluded, certain rights and claims are created individually for both parties, among which are the following rights: after completing the form, the tenant must enter into the contract in question and sign two copies of this document. Then the landlord should also sign both copies and deliver one copy to the tenant. Once the rent is paid, the landlord must issue the tenant with a rental receipt (proving the payment of the rent). The parties choose the above addresses as physical addresses for the notification of a notification, the payment of any amount and the possibility of taking legal action under this real estate rental agreement. Each party has the right to change its physical address information in writing to the other party. Such a change shall take effect on the 7th day following receipt of the notification by the other Party. Any communication that the lessor must send to the tenant is deemed effective when it is sent by prepaid registered letter to the tenant in the property or left by the owner or his agent at this address, the notification being deemed received by registered letter 5 days after its publication. or the day on which the termination was served by hand.
The concept of lease is widespread in Nigeria, it is reported that 85% of Nigeria`s urban population lived in rental housing in 2010 and a large part of their income was for rent. This proves that the lease is widespread and is still widespread in Nigeria today. The objective of these essays is to briefly discuss the concept, laws, clauses, rental rights with the specific focus on lagos state. The agreement should indicate as a minimum the parties, the duration of the lease, the real estate and the amount provided for rent. The landlord is designated as the landlord and the tenant as the tenant. Use LawDepot`s residential lease template to create a custom contract. Enter your information in the questionnaire, then upload your legally binding rental agreement, print, sign and execute it. The lease must be signed by both parties. The tenant has the right to obtain a copy of the document. There are also certain parts of the agreement that you need to pay close attention to. The framework law for the Lagos State lease is the Lagos State Tenancy Law 2011. (d) Pay all measurements, predispositions and invoices and general rates to be paid in respect of the above-mentioned premises during the lease established therein.
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