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90 Day Notice Rent Increase

90 Day Notice Rent Increase Template for Nigeria

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Key Requirements PROMPT example:

90 Day Notice Rent Increase

"I need a 90 Day Notice Rent Increase document for my residential property in Lagos, Nigeria, to increase the rent by 15% effective March 1, 2025, ensuring compliance with Lagos State tenancy laws."

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Document background
The 90 Day Notice Rent Increase document is a crucial legal instrument used in Nigerian property management to formally notify tenants of upcoming rent adjustments. This notice is mandated by Nigerian tenancy laws and must be served at least 90 days before the proposed increase takes effect. The document is essential for landlords and property managers who need to modify rental rates while maintaining compliance with legal requirements. It should contain specific information including property details, current rent, proposed new rent, effective date, and proper justification where required. The notice must comply with both federal regulations and state-specific laws, such as the Lagos Tenancy Law 2011 where applicable. This document serves as official documentation of the proposed change and helps prevent potential disputes by ensuring clear communication and legal compliance.
Suggested Sections

1. Letterhead and Date: Official letterhead of the landlord/property management company and current date

2. Tenant Information: Full name and address of the tenant(s)

3. Property Details: Complete address and description of the rental property

4. Current Rent Statement: Statement of the current rent amount and payment terms

5. Rent Increase Declaration: Clear statement of the new rent amount and the percentage increase

6. Effective Date: Specification of when the new rent amount will take effect (minimum 90 days from notice date)

7. Legal Compliance Statement: Statement confirming compliance with relevant state tenancy laws and notice periods

8. Signature Block: Landlord or authorized agent's signature, name, and contact information

Optional Sections

1. Rent Increase Justification: Explanation of reasons for the rent increase, used when required by local regulations or to maintain good tenant relations

2. Payment Instructions: Include if there are any changes to payment methods or banking details

3. Market Analysis Summary: Brief overview of local market conditions justifying the increase, used in cases where substantial increases need justification

4. Tenant Rights Notice: Required in some jurisdictions to inform tenants of their rights regarding rent increases

5. Negotiation Invitation: Optional paragraph inviting tenants to discuss the increase if landlord is open to negotiation

Suggested Schedules

1. Rent Calculation Schedule: Detailed breakdown of the rent increase calculation and compliance with any applicable rent control regulations

2. Property Maintenance Record: Optional schedule showing improvements or maintenance justifying the increase

3. Local Market Analysis: Optional appendix showing comparative rents in the area

4. Rent Payment History: Optional appendix showing tenant's payment history and last rent increase date

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

Legal Services

Property Investment

Housing Development

Rental Management

Relevant Teams

Legal

Property Management

Real Estate Operations

Compliance

Tenant Relations

Asset Management

Lease Administration

Housing Administration

Document Control

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Tenancy Administrator

Property Owner

Lease Administrator

Real Estate Manager

Housing Officer

Property Management Coordinator

Compliance Officer

Real Estate Legal Advisor

Asset Manager

Residential Leasing Manager

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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