One big mistake many Landlords make in Nigeria is thinking property management is only about collecting rent.
Managing a tenant-occupied property, whether residential or commercial, is a legal task.
Offices, private residences, shops, warehouses, etc all come with different legal risks and those risks can affect the value of your property if not properly handled.
A Property Lawyer drafts solid Tenancy Agreements that clearly state rent, rules, renewal terms, permitted use, subletting, alterations, service charges, penalties and exit conditions.
He knows how to structure notices, rent reviews, enforcement and recovery of premises in line with tenancy laws.
Tenants know their boundaries from day one and defaulting tenants are handled firmly. Illegal occupation, rent arrears, misuse of premises and breach of agreement are addressed.
In this biting Nigerian economy, it is self-cheating to invest huge sums to buy and develop property and then hand it over to the wrong hands.
Spending millions of naira to build or buy property only to lose income or rest of mind through poor management defeats the very purpose of the investment.
Poorly drafted Agreements make eviction hard. Wrong notices invalidate recovery actions. Self-help measures can land the owner in serious legal trouble.
Property management by an experienced Property Lawyer preserves income, protects ownership, maintains control and ensures compliance with the law.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria