Calfat Projects LTD

Distress Sale
3bedroom flat on Half plot of Land for sale at Bada Ayobo Lagos.
Document Receipt n survey
15m

Calfat Projects LTD
08072373780

Who prepare tenancy agreement in Nigeria?

In Nigeria, a tenancy agreement (or lease agreement) is typically prepared by the following parties, depending on the context and legal requirements:

1. Landlord or Property Owner
- The landlord usually drafts the agreement, especially for simple residential rentals. They may use standard templates or customize terms based on their preferences .
- Some landlords create agreements without legal assistance, but this risks overlooking key legal clauses.

2. Real Estate Agent or Property Manager
- If the landlord engages an agent or property management company, the agent often prepares the agreement on their behalf .
- Agents ensure the document aligns with local tenancy laws (e.g., Lagos State Tenancy Law, 2011) .

3. Lawyer or Legal Professional
- For complex agreements (e.g., commercial leases or high-value properties), lawyers draft or review the document to ensure enforceability .
- Legal input is critical for compliance with state-specific laws, stamp duties, and registration (e.g., Governor’s Consent for leases >3 years) .

4. Online Platforms and Legal Services**
- Digital tools like Homz.ng’s Tenancy Agreement Generator or Law Depot offer customizable templates tailored to Nigerian laws .
- These are cost-effective but should still be reviewed by a lawyer .

5. Government or Housing Authorities
- Some states provide standardized tenancy agreement forms to ensure compliance with local regulations .

Key Considerations for a Valid Agreement
- Mandatory Clauses: Names of parties, property details, rent amount, duration, and termination terms .
- Tenant’s Role: Tenants should review terms carefully and negotiate if needed before signing .

For robust protection, landlords and tenants are advised to involve legal professionals, especially for long-term or high-stakes leases .

2-Bedroom Room flat @ Bada Ayobo.
Running water
Only sitting room tiled
Annual rent 350k
Agreement 40k
Damages 40k
Commission 50K
Total package 480k

Calfat Projects LTD
08072373780