As a tenant, you have the right to require your landlord to have a written rental agreement. A tenancy agreement is an important document because it basically describes the terms of your lease in the property, in fact it could be argued that it is the most important right of any tenant. Owners may refuse to grant a lease, but if your landlord doesn‘t give you a lease, you should be very careful. In leases of more than 3 years, it is imperative that the agreement be concluded in writing. Use the Model for LawDepot‘s Housing Leases to create a custom contract. Enter your information into the questionnaire, download, print, sign and execute your legally binding rental agreement. 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. 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. A fixed-term lease ends on a specific date and does not often require termination.
What is a lease in Nigeria and how does it work? In this article, you will discover all the key features of how you can write this document and who are the parties that are expected to act in accordance with this Agreement. The lease is signed by both parties. The tenant has the right to obtain a copy of the document. There are also parts of the agreement that you need to pay special attention to. If your tenancy agreement does not require your notice, the Lagos Rent Act 2011 provides that the current notice period applies: Yes, a landlord may throw a tenant off the premises as long as appropriate notice is given to the tenant. However, non-payment of rent is not the only reason a tenant can be laid off.