Document background
The Surrender Of Tenancy Letter is a crucial document in Nigerian property law that facilitates the formal process of a tenant voluntarily giving up their tenancy rights and returning possession of the property to the landlord. This document is typically used when a tenant wishes to terminate their lease agreement before the natural end of the term, or when both parties have mutually agreed to end the tenancy. It must comply with Nigerian federal legislation, including the Rent Control and Recovery of Residential Premises Act, as well as applicable state-specific tenancy laws. The letter should contain specific details about the property, surrender date, arrangements for final inspection, and provisions for the return of any security deposits. This document helps protect both parties' interests by clearly documenting the terms and conditions of the surrender, preventing future disputes, and ensuring a smooth transition of property possession.
