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YOUR OBLIGATIONS AS A LANDLORD IN NIGERIA The duty of issuing receipts of payment to the tenant. The duty of ensuring that the property is vacant, clean and safe on the day that the tenant moves in. The duty to insure the property. The responsibility of keeping the property safe.
A tenancy agreement is a relationship between an individual and his landlord. A tenancy agreement gives rights to both parties to the contract. The most predominant factor of a tenancy is that it is for a Term certain, which is usually between one to three years with the option to renew.
Lawyers Commission: You should expect to pay a 10% Tenancy agreement fee to the lawyer of the landlord or property caretaker.
A tenancy agreement is a relationship between an individual and his landlord. A tenancy agreement gives rights to both parties to the contract. The most predominant factor of a tenancy is that it is for a Term certain, which is usually between one to three years with the option to renew.
What a Tenancy Agreement Should Contain Tenant's identity and address for the Landlord. The property address. The commencement and termination dates of the tenancy/lease. The rent amount. Additional charges, such as legal fees, agency commissions, security deposits, service charges, etc. Tenant and landlord obligations.