A tenancy agreement is a legal document that outlines the terms and conditions for the rental of a property. It is essential that both the landlord and tenant understand the agreement before signing it to avoid any misunderstandings in the future. In Lagos, Nigeria, there are specific regulations and guidelines that must be followed when creating a tenancy agreement. In this article, we will provide you with information on a sample tenancy agreement in Lagos Nigeria.
The first thing to note is that a tenancy agreement in Lagos Nigeria must be in writing and signed by both parties. It must also include the following information:
1. Names and addresses of both the landlord and the tenant.
2. Description of the property being rented.
3. The amount of rent to be paid and the date it is due.
4. The duration of the tenancy, including the start and end date.
5. Any terms and conditions agreed upon by both parties, such as restrictions on the use of the property or pets.
6. The responsibilities of both the landlord and tenant, such as who is responsible for maintenance and repairs.
7. The security deposit amount and conditions for its return.
Now let’s take a look at a sample tenancy agreement in Lagos Nigeria:
This Agreement made on the _ day of _________________, 20__, between ___________________________, hereinafter referred to as the “Landlord,” and _________________________, hereinafter referred to as the “Tenant.”
1. The landlord hereby leases to the tenant the property located at ______________________, Lagos, Nigeria, for residential purposes only.
2. The tenant hereby agrees to pay rent in the amount of __________________ Naira on the _______ day of each month, starting on ___________ and ending on ___________.
3. The term of this tenancy is for ____________ months, starting on ___________ and ending on ___________.
4. The tenant shall use the property only for residential purposes and shall not conduct any business or illegal activities on the premises.
5. The tenant agrees to keep the property clean and well-maintained during the tenancy.
6. The landlord agrees to maintain the property and make any necessary repairs during the tenancy.
7. The tenant agrees to pay a security deposit of __________________ Naira, which shall be returned at the end of the tenancy if there are no damages to the property.
8. This agreement may be terminated by either party with a one-month notice before the end of the tenancy.
9. Any disputes arising from this agreement shall be settled in accordance with the laws of Nigeria.
10. This agreement constitutes the entire agreement between the landlord and the tenant and supersedes all prior agreements and understandings, whether written or oral.
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