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Lawyers Commission: You should expect to pay a 10% Tenancy agreement fee to the lawyer of the landlord or property caretaker. Before signing, read, and if necessary get professional advice on, any documents you have to sign.
What a Tenancy Agreement Should Contain The tenants identity and address for the landlord. The property address. The commencement and termination dates of the tenancy/lease. The rent amount. Additional charges, such as legal fees, agency commissions, security deposits, service charges, etc. Tenant and landlord obligations.
Whilst an AST can last for any duration, tenants have a legal right to stay in a property for a minimum of six months.
It is a criminal offence in Nigeria, for a non-lawyer to prepare any document relating to rent, tenancy, lease, mortgage, sale, transfer, gift, land, landed property, extracted and not-extracted minerals resources, mines, buildings, structures or relating to probate, letters of administration or any proceedings in
The administration fee pays for the landlord or property managers time and effort to process your application and hold the apartment for you. This fee typically ranges between $50$350; some states regulate the amount landlords can charge to prevent unscrupulous behavior or rental scams.
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The Cost Burden on Tenants If a tenant rents a property for N2 million per year, they will likely face the following additional costs: Agency Fee (10%) = N200,000. Legal Fee (10%) = N200,000. Total Extra Costs = N400,000.
The average cost for a lawyer to draft a rental lease agreement is $590 on a flat fee. The average cost for a lawyer to review a rental lease agreement is $480 on a flat fee. These cost points come from recent projects on ContractsCounsels platform and are averages across all US states.

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