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A Change of Rent Notice is a letter written by a landlord to inform their tenant about a change in rent. In this letter, the landlord may either increase or decrease the rent, and when doing so, the landlord must notify the tenant of the change in rent either orally or in writing, and the notice must be adequate. However, it is more expedient to send a written notice to avoid any misunderstanding and disputes over the rent due.
The landlord may either send this letter in person or through his/her authorized agent. The agent should be a party who has been authorized by the landlord under a Power of Attorney or a Letter of Authorization
How to use this document
This document details the names and addresses of the tenant and landlord, the contact details (phone number and/or email address) of the landlord/agent, a description of the property, the original rent, the new rent amount, the frequency in which the rent will be paid and the date the tenant will be expected to start paying the new rent.
After filling the form, the landlord/agent must sign this letter and deliver it to the tenant and keep a copy of the letter for record purposes. If the tenant disagrees to the new rent, he/she will be ready to vacate the property of the landlord.
The Tenancy Laws of various States in Nigeria is applicable to this document. The Lagos State Tenancy Law, 2011, applies to every part of Lagos State, excluding the following places: Ikoyi, Ikeja GRA, Victoria Island and Apapa. The Recovery of Premises Law applies to these exempted areas.
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Other names for the document: Notice to Change Rent, Change of Rent Letter, Decrease in Rent Letter, Increase in Rent Letter, Updated Rent Letter