Standard Tenancy Agreement In Nigeria

A periodic rental agreement, also known as automatic renewal, does not have a set deadline. In this case, the lease is renewed annually or monthly until one of the parties terminates the lease. This form is also known as: lease, housing rental contract, lease, free lease, lease, lease, lease, lease, lease, lease must detail the names of a lessor and his tenant; as a party to the rental agreement. In the case of a periodic lease, the mandate is of a known duration, that is: One week, one month, three months, six months or one year. The lease is automatically extended after the expiry of the agreed period until the lessor or tenant expresses his wish to terminate the lease. Therefore, both parties to a periodic lease agreement do not know when the lease will end with the conclusion of the contract. Since both parties do not know when the lease will end, the law requires that a termination be issued by the party who wishes to terminate the other party`s contract. one week`s notice is required for a weekly rental agreement; for a monthly rental agreement – one month`s notice; a quarterly lease (three months) – three months` notice; a 6-month rental contract or an annual lease – 6 months notice. All layoffs must take place on the eve of the lease anniversary. For example, a lease sets rules such as the amount of rent and when the tenant has to pay it. If a tenant violates these rules and the landlord has reasonable reasons, the landlord may have the right to distribute the tenant. In addition, when concluding a rental agreement, certain rights and claims are acquired individually for both parties, including the following: the agreement usually contains the conditions under which these properties can be accessed and regulated.

These can only be general rules on use or certain special conditions. The purpose of this article is to examine some key aspects of leases in general and the position of the parties to an oral lease in particular. The article will look at some of the laws for rental agreements and discuss some of the disadvantages of an oral lease. A housing rental agreement is an agreement between a lessor (the owner of the property) and the tenant (the person who acquires ownership of the property for rent) that sets out the terms of the contract such as rent, use of the property, agreements between both parties, termination conditions, etc. If a tenant causes damage beyond normal wear and tear, their landlord can use the deposit to cover the costs. In addition, the owner must ensure that his rented property remains in an acceptable state of residence.. . . .

This entry was posted in Uncategorized by admin. Bookmark the permalink.