Rent Increase Letter In Nigeria
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FAQ
Contemporary Legislation The law made it unlawful to accept rent in excess of the standard rent prescribed for the type of accommodation provided. The law also stipulated the duration of time after which rent review can be implemented, and further stipulated the percentage of increase per review.
The Lagos Tenancy Law 2011 provides that it is unlawful for a landlord or his agent to demand or receive from a new or prospective tenant, rent in excess of 1 year in respect of any premises; it is also unlawful for the new or prospective tenant to offer or pay rent in excess of 1 year.
The Lagos Tenancy Law 2011 provides that it is unlawful for a landlord or his agent to demand or receive from a new or prospective tenant, rent in excess of 1 year in respect of any premises; it is also unlawful for the new or prospective tenant to offer or pay rent in excess of 1 year.
A sample of a rent increase letter in Nigeria would include the tenant's name and address, the landlord's name and address, the date the letter is being written, the reason for the rent increase, the amount of the rent increase, and the date by which the tenant must agree to the increase.
The landlord can increase the rent if he/she has a written agreement with the tenant. The landlord must give notice of his intention to increase the rent, it must be reasonable and it should not be more than two months after the tenancy agreement was signed.