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A Landlord's Rent Reduction Notice is a letter a landlord uses to notify their tenant(s) of their decision to reduce the tenant's rent payment due to the COVID-19 pandemic. The landlord is the owner of the rental property a tenant occupies. Therefore, either the landlord or the landlord's authorized agent can reduce the tenant's rent.
During these challenging and uncertain times, some landlords may reduce their tenant's rent to help their tenants cope with the difficult situation, and the landlord should do this in writing. By using this document, the decrease in rent is documented in writing to avoid any misunderstanding and disputes over the rent due.
Note that this document should only be used during the coronavirus pandemic, and if the landlord intends to change their position in the future by increasing the rent, the Change of Rent Notice should be used.
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 reduced 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 should sign this letter and deliver it to the tenant either by hand or via email. The landlord should also keep a copy of the letter for record purposes.
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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