Goods provided as part of the document are often referred to as leases. It always includes specific rights to real estate. A rental property can go to other questions about rent. Nevertheless, in each typical tenancy agreement, you can answer the following questions: A rental agreement is an agreement between a landlord (the owner of the property) and the tenant (the person who acquires the property for rent) and who sets the terms of the contract such as the rental, the use of the property, the agreements of the two parties, the terms of termination, etc. Rules that can contain ideas when the lease can be terminated prematurely and under what conditions. It also includes the period for a tenant, so he/she could leave the property. At the same time, it protects the tenant by indicating the exact time the landlord notices before the evacuation procedure. A fixed-term lease ends on a specific date and does not often require termination. The form filler can indicate what the tenant can and can`t do. For example, if the tenant is required to insure the property against damage to the property, if the tenant may have pets authorized as pets in the dwelling, etc. In short, this agreement offers everything for the parties to set out all their expectations based on their relationships.
The concept of lease is a widespread concept in Nigeria, it is reported that 85 percent of the Nigerian urban population lived in rental housing in 2010, a large percent of their income on rent. This proves that the lease is widespread in Nigeria and is still widespread. The purpose of this writing is to briefly discuss the concept, laws, clauses, rights related to leases with a particular focus on the State of Lagos. Between the terms of the lease is always included a special rental contract or explicitly. It is governed by the current law that protects the parties who participate in the lease. The properties mentioned in the agreement may be storage, parking, apartment, real estate and real estate spaces for businesses. In addition, when a lease is obtained, certain rights and rights for both parties are created individually, these rights include: This is also a very simple part of the lease. The property provided for the rental agreement includes all real estate, apartments, houses, business offices, car parks, vehicles or storage units. It includes not only a bedroom, but also common areas of accommodation, such as basement, attic, laundry, balconies, pool, roof terrace.
A periodic lease, also known as automatic renewal, does not have a fixed deadline. In this case, the lease is renewed each year or month until one of the parties terminates the lease. This agreement describes the description of the leased property, the information provided by the contracting parties, the duration of the lease agreement, the start of the lease and the date of its end, the rent of the lease, the conditions and conditions under which the tenant owns the property, etc. A good rental agreement should have as much information as necessary to let the tenant know what is coming from the landlord, and also to protect the owner of a bad tenant.