THE IMPORTANCE OF A LEASE AGREEMENT?

THE IMPORTANCE OF A LEASE AGREEMENT?

A Lease Agreement is what you need in any property rental that for up to three years. Nigerian law is clear: once you are renting land, a building or any landed property for three years or more, it cannot be done with a Tenancy Agreement.

It must be by way of a Deed of Lease, or else it is risky, outside the law and likely to collapse.

A proper Lease Agreement (Deed of Lease) clearly spells out the names of the parties, description of the property, duration of the lease, the rent, renewal clauses, repair obligations, exit terms and the rights and duties of both Landlord and tenant.

Without these carefully laid down terms, what you think you have can evaporate with a single dispute.

This is where a Property Lawyer steps in. An experienced Property Lawyer will ensure your lease is properly drafted and scrutinized, making it legally binding and enforceable.

He will anticipate problems you will never think of, close legal loopholes and secure your interest so you do not wake up one day to discover you have lost your property or rights because of a careless document.

Not having a Lease Agreement or settling for a weak one exposes you to eviction problems, loss of money, disputes, and total forfeiture of your interest. Remember, in property matters ignorance is no defence.

Let a Property Lawyer prepare a comprehensive Lease Agreement for you.

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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

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