WHEN YOU NEED A SUB-LEASE AGREEMENT

WHEN YOU NEED A SUB-LEASE AGREEMENT

A lot of Tenants assume they can just hand over part of their rented property to another person. It does not work that way.

If you hold a valid lease for 3 years or more, the law is that you can transfer part of your leasehold interest with a Deed of Sub-Lease.

But do not forget that even after creating the sub-lease, you remain legally bound to your Landlord.

If the sub-tenant breaches the agreement, you may still be held responsible under the original lease.

That is why a Deed of Sub-Lease is very important. It is the legal document that defines the rights, interests and duties of the Landlord, Tenant and sub-tenant.

If it is not properly drafted, misunderstandings over rent, maintenance, possession, duration, liability or termination can quickly get out of control.

Do not rely on promises or documents downloaded online.

Every property transaction is different, and a poorly prepared sub-lease can expose you to financial loss and avoidable wahala.

So before you grant or accept a sub-lease, get an experienced Property and Real Estate Lawyer to prepare the document properly and solidify your legal position.

Whether you are in Nigeria or living abroad, a very good Lawyer will provide you with practical, legally sound solutions that protect your interests and give you confidence in every property transaction.

Get a Lawyer.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates, Counsel 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