Posts in category "renting & letting"

To update our memories and for the interest of those that are not quite conversant with the dictates of the Lagos Tenancy Law 2011, the aforesaid law came into effect in August 2011. It effectively repealed the hitherto Rent Tribunals (Abolition and Transfer of functions) Law 2007. Essentially, this law is aimed at inter-alia, "regulating rights and obligations under tenancy agreements and the relationship between the landlord and the tenant including the procedure for the recovery of premises and for other connected purposes in Lagos state".

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Nigeria Property Centre, the best website to find properties in Nigeria, today released popular places to rent a 3-bedroom apartment within Lagos state, Nigeria based on the extensive data and information found and listed on their website.

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In the preceding part of this essay, I shared about six tips you need to consider, know while before renting an apartment/office space in Nigeria, here is five more points for you.

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Preamble

Searching for and renting an apartment in Nigeria is undoubtedly an arduous task. The Nigerian Public Space is awash with acerbic and nasty tales associated with renting. A lot of people have fallen and continue to fall prey to the caprices, schemes of some unscrupulous so-called "Estate Agents" and landlords hence the need to bring this to the front burner. A while ago, a family friend "lost" a substantial amount to a so-called "estate developer" that absconded with his money and that of five others.

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In the Tenancy contract, the Landlord hands over exclusive possession of the property to the Tenant for an agreed period of time, in return for rental payment; at the expiration of the Tenancy period, exclusive possession of the property reverts to the Landlord.

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The Lagos State Hosue of Assembly enacts as follows:

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Getting a place to rent can be quite a challenge. It could take anywhere from a few days to few weeks or even more. We discovered an interesting article that talks about things to consider when Renting a new place. We thought to summarize and share the key guidelines that should be followed or considered.

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