LEASE AGREEMENT

LEASE AGREEMENT

Leasing a land, house/building or other property for three years or more is not a casual arrangement; it is a serious legal commitment that must be properly handled.

Under Nigerian law, a lease of land, building/house or other property for three years and above must be by written Lease Agreement in the right format. This is a legal requirement.

Without it, both Landlord and Tenant are exposed to avoidable wahala, losses and legal issues.

A comprehensive Lease Agreement contains the rights and duties of the parties, rent, duration, renewal options, permitted usage, repair obligations, termination conditions and remedies where a party defaults.

It answers critical questions before problems arise, instead of leaving them to arguments later.

This is why a Lease Agreement should never be copied from the internet or treated as a generic document.

Every property or business transaction has its own risks, peculiarities and legal implications.

Only an experienced Property Lawyer understands how to structure the Agreement to reflect the true intention of the parties, comply with the law and protect your interests from future surprises.

A professionally prepared lease prevents conflict. If you are renting/taking up property for three years or more, engage an experienced Property Lawyer to prepare a comprehensive Lease Agreement.

“Had I known” is the last comment of a fool.

Be wise.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com.