TENANCY AGREEMENTS


The benefit of preparing a written agreement in a tenancy relationship cannot be overstated. The first thing every Landlord should ensure is that his tenants sign a written agreement to guide his relationship with them.

This is essential because the law allows the landlord and tenant by way of a tenancy agreement to regulate their relationship in the areas of each person’s obligations, and LENGTH OF NOTICE to terminate the tenancy relationship.

By this, the Landlord does not need to bother in the event that the tenant defaults provided the tenancy agreement stipulates the length of notice to be issued which the tenant has agreed to at the commencement of his lease.

A landlord that therefore wishes to save himself the headache may choose to regulate a substantial part of the tenancy relationship by way of a Tenancy Agreement and the best way to do this is to consult a competent lawyer for proper guidance.

#LagosLandlordAndTenantWahala

Credits: Barrister Remi Adebayo
Paul & Lious Solicitors  
Leamich Nigeria Consult

Comments

Popular posts from this blog

Real Estate Investment Seeds

TICK TOCK TICK TOCK.....

REASONS WHY YOUR REAL ESTATE PROPERTY TAKES LONG TO SELL