Types of Tenancy in Nigeria: Monthly, Yearly, and More
Understanding the different types of tenancy in Nigeria is essential for landlords, property managers, and even tenants. Each type affects rent payment, notice periods, and how tenancy agreements are structured.
Choosing the right one can help avoid disputes and ensure a smooth landlord-tenant relationship.
1. Monthly Tenancy
This is a common arrangement in Nigerian cities like Lagos, Abuja, and Port Harcourt.
- Rent is paid monthly.
- The agreement usually rolls over every month.
- Either party can terminate the tenancy with one month's notice.
Ideal for: Short-term arrangements or tenants who prefer flexibility.
2. Yearly Tenancy
Also known as fixed-term tenancy, this is more formal and common in residential leases.
- Rent is paid annually, often upfront or in agreed instalments.
- The tenancy usually lasts for one year, with a defined start and end date.
- Termination requires six months' notice, according to laws like the Lagos Tenancy Law.
Ideal for: Long-term tenants and structured rental arrangements.
3. Weekly Tenancy
Rare in Nigeria but used in specific scenarios like:
- Hostels or shared apartments
- Short stays in informal rentals
It offers high flexibility but is best avoided without a clear written agreement.
4. Tenancy at Will
This occurs when a tenant stays in a property with the landlord's permission but without a fixed term.
- There is no written agreement or specific duration.
- Either party can end the tenancy at any time with reasonable notice.
Risk: This setup can lead to misunderstandings or legal issues.
5. Statutory Tenancy
This type of tenancy arises when a tenant stays in the property after the original agreement has expired, usually with the landlord still accepting rent.
- The tenant becomes protected under Nigerian tenancy laws.
- Eviction must follow legal procedures—no forceful removal is allowed.
Why This Matters
Each tenancy type comes with its own rules, legal protections, and expectations. For landlords, it's important to match your agreement to the correct tenancy type and comply with notice and payment laws.
A clear, written tenancy agreement based on the right type helps reduce disputes and gives you a stronger legal standing if issues arise.
DocuProp helps landlords and property managers like you easily prepare and manage documents. It also supports the use of e-signatures, with date- and time-stamped records for all parties involved.
