Basic Things That Can Terminate A Tenancy Agreement
Did you know that there are some basic things that can lead to termination of a tenancy agreement reached with your landlord?
Some of these things are often written out in the tenancy agreement form, which most of us often ignore. Here are some of the usual problems that lead to termination of tenancy agreement between a tenant and a landlord:
Expiration of lease or tenancy contract:
A lease or tenancy contract can be terminated after the expiration of the lease/tenancy period and whereby the lessee/occupant of the leased/tenanted property decides that he or she does not wish to renew his/her lease/tenancy with the property owner.
Surrender and acceptance of existing lease/tenancy contract:
Another circumstance that can lead to the termination of a lease/tenancy contract is when the tenant/lessee surrenders (give up) his/her existing lease/tenancy yet to be expired to the landlord and the landlord upon receiving such notice accepts it from the tenant/lessee.
Actual eviction of lessee/tenant from the leased/tenanted property:
Another issue that can lead to the termination of a lease/tenancy contract between a landlord and tenant/lessee is actual eviction of the lessee/tenant from the leased/tenanted property.
Destruction of the leased/tenanted property:
There are series of destructive events that can terminate a lease/tenancy contract between a landlord and tenant/lessee. Some of these though, may not be sufficient reasons to terminate an agreement; this of course, depends on what has been included in the tenancy agreement.
Breach of lease/tenancy conditions/terms:
In the course of preparing a lease/tenancy agreement/contract, there are certain duties and obligations to be observed and adhered to by both parties (landlord and tenant) during the period of the lease/tenancy contract.
CEO of Home Finders, Seasoned Entrepreneur & Writer. Kola Adisa is a specialist private property finder with staggering experience in the real estate and relocation’s industry in Nigeria. He is helping hundreds of families with specific needs find the properties they want in the shortest possible time. Kola also runs Iyanda’s Diary