Rent Agreement Generator — Lagos, Nigeria
Rent Agreement Generator for Lagos — Tenancy Law 2011 Compliant
Lagos rental market is one of Africa's most expensive. Average rents range from ₦500,000-2,000,000/year in mainland areas to ₦2,000,000-10,000,000+/year on the Island (Victoria Island, Ikoyi, Lekki)....
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Lagos rental market is one of Africa's most expensive. Average rents range from ₦500,000-2,000,000/year in mainland areas to ₦2,000,000-10,000,000+/year on the Island (Victoria Island, Ikoyi, Lekki). The Tenancy Law of Lagos State 2011 caps advance rent at 12 months for new tenancies.
The Tenancy Law of Lagos State 2011 governs most of the metropolis, though a handful of high-end districts — Apapa, Ikeja GRA, Ikoyi and Victoria Island — were excluded from parts of the Law. Beyond the 12-month advance cap for new tenancies, it makes it unlawful for a landlord to demand more than one year's rent in advance and sets out graduated notice periods: a week for a tenant at will, a month for a monthly tenancy, three months for a quarterly tenancy and six months for a yearly tenancy, followed by a seven-day notice of the owner's intention to recover possession.
A compliant Lagos tenancy agreement should state the parties, the property description, the term and rent, the payment schedule, and each side's repair obligations, and should be signed before witnesses. Recording the agreed service charge — which in serviced estates on the Island covers security, generator diesel and estate maintenance — prevents the disputes that most often send Lagos tenancies to the Magistrate or Tenancy Court.
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FAQ
Frequently Asked Questions
Lagos rents vary dramatically by location. Mainland areas like Yaba, Surulere, and Maryland range from ₦500,000-1,500,000/year for a 2-bedroom flat. Ikeja and Ogba range from ₦800,000-2,000,000. The Island areas are significantly more expensive: Victoria Island ₦3,000,000-8,000,000, Ikoyi ₦4,000,000-15,000,000, and Lekki Phase 1 ₦2,500,000-6,000,000. Ajah and Sangotedo offer more affordable options at ₦500,000-1,500,000. All rents are typically paid annually in advance.
The Tenancy Law of Lagos State 2011 makes it unlawful for a landlord to demand or receive more than one year's rent in advance from a new or a sitting monthly or yearly tenant. In reality many landlords still ask for two years, but the law gives the tenant grounds to resist and to recover an excess payment. The cap applies to the areas the Law covers; a few districts such as Apapa, Ikeja GRA, Ikoyi and Victoria Island were excluded from parts of it.
The Tenancy Law sets graduated notice periods by the type of tenancy: one week for a tenant at will, one month for a monthly tenancy, three months for a quarterly tenancy and six months for a yearly tenancy. After that notice expires the landlord must serve a further seven-day notice of intention to recover possession before applying to the Magistrate or Tenancy Court. Contracting for a different notice period in the tenancy agreement is allowed, which is why the written terms matter.
Parts of the Tenancy Law of Lagos State 2011 expressly exclude certain high-value areas — Apapa, Ikeja GRA, Ikoyi and Victoria Island — reflecting their largely corporate and expatriate tenancies. In those districts landlords have more freedom over advance rent and terms, so tenants rely on the negotiated agreement rather than the statutory protections. Everywhere else in the state the Law's advance-rent cap and notice provisions apply, and a well-drafted agreement should state which regime governs the tenancy.