Sample Of Rent Agreement In Nigeria

Similarly, tenants may prefer monthly rents if they need the flexibility to move in the short term. This agreement describes the description of the rental property, the details of the contracting parties, the duration of the rental contract, the date on which the lease begins and ends, the rent to be paid for the rented property, the conditions and conditions under which the tenant holds the property, etc. A good lease should contain as much information as necessary to let the tenant know what they can expect from the landlord and protect the landlord from a bad tenant. Landlords may prefer temporary rentals because they are confident that they will have a secure income for a period of time. In this case, they can budget in the future and ask tenants to pay their annual rent in advance.