Tenancy in Lagos State: Separating Facts from Fictions.
Tenancy in Lagos State: Separating Facts from Fictions. By: T. O. Nuga INTRODUCTION: A tenancy is simply a contractual relationship between two parties, which are a Landlord also referred to as the Lessor as one part, and a Tenant also referred to as the Lessee on the other part. It is legally binding on the two parties involved. The basic types of Tenancy that exist are; Tenancy-at-will, Fixed-term tenancy, Periodic tenancy, and Statutory tenancy, which are further disintegrated to special specifications. In Lagos state, the major law governing tenancy is the “Lagos State Tenancy Law of 2011”, except the exempted areas such as Apapa, Ikeja G.R.A, Ikoyi, and Victoria Island. However, the Recovery of Premises Act is applicable in these areas of exemption. There are so many misconceptions between the parties as to what entails in a tenancy relationship. So many costly mistakes are made by either party due to misinformation or ignorance. This article tends to c...