In this case, the lease is renewed annually or monthly until one of the parties terminates the lease. A temporary lease ends on a set date and does not often require notice. Use LawDepot`s residential lease template to create a custom contract. Enter your information in the questionnaire, then upload your legally binding rental agreement, print, sign and execute it. After completing the form, the tenant must review the agreement and sign two copies of this document. Then the landlord should also sign both copies and deliver one copy to the tenant. Once the rent is paid, the landlord must issue the tenant with a rental receipt (proving the payment of the rent). It`s important to keep in mind that the rules vary by state, so be sure to research the rental laws in your jurisdiction before executing your housing rental agreement. For example, a lease sets rules such as the amount of rent and when the tenant has to pay it. If a tenant violates these rules and the landlord has reasonable reasons, the landlord may have the right to distribute the tenant.
Other applicable laws are: Registered Land Law, Land Registration Law, Capital Gains Tax Act and the rental laws of different states in Nigeria are applicable to this Agreement. This document is used by a lessor and a tenant for the purpose of renting premises only for residential purposes. It is only used if the term of the lease is less than 3 years. The parties choose the above addresses as physical addresses for the notification of a notification, the payment of any amount and the possibility of taking legal action under this real estate rental agreement. Each party has the right to change its physical address information in writing to the other party. Such a change shall take effect on the 7th day following receipt of the notification by the other Party. Any communication that the lessor must send to the tenant is deemed effective when it is sent by prepaid registered letter to the tenant in the property or left by the owner or his agent at this address, the notification being deemed received by registered letter 5 days after its publication. or the day the termination was served by hand.. . .