Renting an apartment is a legal procedure that requires a contract, so that this fee is paid for the services of the lawyer. The real estate lawyer`s job is to develop a rental agreement and ensure that each party`s interests are well protected. We deal with the details of this lease in another article. But in the meantime, remember that this contract is crucial for your happiness even later in this apartment. According to Mr. Ahmad, the amount to be paid is necessary because it provides the lease with the necessary legal support and makes it legally binding on all parties involved. It is also a way to generate more revenue for the government. Contract and commission fees typically represent up to 10 per cent of the rent paid. Some real estate agents in Lagos either want to earn more than 10 percent or charge a contract and commission fee for two years, which makes no sense, as these fees are not recessive like rental fees (you only have to pay once).
A rental agreement must be drafted by the landlord`s lawyer and duly controlled by a potential tenant before adding his signature. In addition, when a rental contract is obtained, certain rights and rights for both parties individually, these rights include: The concept of lease is a widely used concept of rent 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. Yes, a landlord may throw a tenant off the premises, as long as the tenant is given appropriate notice. However, non-payment of rent is not the only reason a tenant can be laid off. A tenant may be evicted for the use of the premises for illegal purposes or if he violates a contract in the tenancy agreement or if he constitutes a nuisance or if the tenant has abandoned the rented premises. According to Section 47 of the Lagos State Tenancy Law 2011, these are “written or verbal, explicit or implied agreements between a landlord and a tenant with respect to the possession of premises.” Unfortunately, even if the landlord establishes a rental agreement, most tenants simply sign the documents without properly verifying them. Ideally, this agreement should be reviewed by a legal expert. A rental agreement is widely used by owners who wish to sell their property for up to 3 years.
The lease defines the terms agreed by both parties under a lease agreement. The director of firS for communication and Liason ministry, Abdullahi Ahmad, told the Nigeria news agency that the tax applies to all leases and leases entered into by owners and brokers regarding a property.