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60 Day Rent Increase Notice

60 Day Rent Increase Notice Template for Nigeria

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Key Requirements PROMPT example:

60 Day Rent Increase Notice

"I need a 60 Day Rent Increase Notice for my residential property in Lagos, Nigeria, increasing the monthly rent from ₦100,000 to ₦175,000 effective March 1, 2025, with clear payment terms and market rate justification included."

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Document background
The 60 Day Rent Increase Notice is a crucial document in Nigerian property management, designed to comply with federal and state-specific tenancy laws. It is used when property owners or managers need to implement a rent increase for their residential or commercial properties. The document must be served at least 60 days before the intended increase date, providing tenants with adequate notice as required by Nigerian law. This notice includes essential information such as current and proposed rent amounts, effective dates, and the basis for the increase. It serves as official documentation of the rent modification process and helps prevent potential disputes by ensuring clear communication and legal compliance. The notice is particularly important in major Nigerian cities where rent control and tenant protection regulations are strictly enforced.
Suggested Sections

1. Landlord's Details: Full name and contact information of the landlord or property management company

2. Property Address: Complete address of the rental property subject to the rent increase

3. Current Date: Date of the notice issuance

4. Tenant's Details: Full name of the tenant(s) and their current contact information

5. Notice Statement: Clear statement indicating this is a formal notice of rent increase

6. Current Rent Amount: Statement of the current rent amount and payment frequency

7. New Rent Amount: Clear statement of the new rent amount and percentage increase

8. Effective Date: Specific date when the new rent amount will take effect (at least 60 days from notice date)

9. Legal Compliance Statement: Statement confirming compliance with Nigerian tenancy laws and notice requirements

10. Signature Block: Space for landlord's or authorized agent's signature and date

Optional Sections

1. Payment Instructions: Include when payment method or details are changing along with the rent increase

2. Justification for Increase: Include when explaining specific reasons for the rent increase, such as market conditions or property improvements

3. Tenant Rights Statement: Include when required by specific state legislation or to inform tenants of their legal rights regarding the increase

4. Meeting Request: Include when offering to discuss the increase with the tenant in person

5. Property Maintenance Updates: Include when rent increase is related to recent or planned property improvements

Suggested Schedules

1. Current Lease Agreement Reference: Copy or reference to relevant sections of the current lease agreement regarding rent increases

2. Rent Increase Calculation: Detailed breakdown of the rent increase calculation and compliance with local regulations

3. Property Market Analysis: Optional supporting documentation showing local market rates and justification for the increase

4. Maintenance Records: Optional documentation of property improvements or maintenance justifying the increase

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















Clauses












Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Property Investment

Property Development

Rental Housing

Asset Management

Property Services

Relevant Teams

Legal

Property Management

Operations

Asset Management

Tenant Relations

Administration

Compliance

Real Estate Operations

Portfolio Management

Document Management

Relevant Roles

Property Manager

Real Estate Manager

Landlord

Property Owner

Legal Counsel

Leasing Manager

Asset Manager

Property Administrator

Real Estate Administrator

Tenant Relations Manager

Operations Manager

Portfolio Manager

Property Services Coordinator

Compliance Officer

Real Estate Agent

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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