Intent To Renew Lease Letter for Nigeria

Intent To Renew Lease Letter Template for Nigeria

This document serves as a formal written notification from a tenant to a landlord or property manager, expressing the intention to renew an existing lease agreement under Nigerian law. It complies with the requirements of the Recovery of Premises Act and relevant state-specific property legislation, particularly important in states like Lagos where additional property laws apply. The letter typically includes current lease details, proposed renewal terms, and relevant reference information, serving as an important precursor to lease renewal negotiations while ensuring legal compliance with Nigerian property law requirements for lease renewal notices.

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What is a Intent To Renew Lease Letter?

The Intent to Renew Lease Letter is a crucial document in Nigerian property law practice, used when a tenant wishes to formally communicate their desire to continue occupying a property beyond the current lease term. This document is particularly important in the Nigerian context, where the Recovery of Premises Act and state-specific property laws require formal notification of renewal intentions. The letter should be sent well before the lease expiration (typically 3-6 months prior) and includes key information such as the current lease details, property address, and any proposed modifications to existing terms. It serves as the first step in lease renewal negotiations and helps protect both parties' interests by creating a documented trail of the renewal process. The Intent to Renew Lease Letter is especially relevant in major Nigerian commercial centers like Lagos, Abuja, and Port Harcourt, where formal business practices are strictly observed.

What sections should be included in a Intent To Renew Lease Letter?

1. Sender's Details: Complete contact information of the tenant, including name, current address, and contact numbers

2. Date: Current date of the letter

3. Recipient's Details: Landlord's or property manager's complete name and address

4. Subject Line: Clear indication that this is a lease renewal intent letter, including the property address

5. Reference Information: Current lease details including commencement date, expiry date, and any reference numbers

6. Statement of Intent: Clear declaration of intention to renew the lease

7. Current Terms Acknowledgment: Reference to current lease terms and conditions

8. Request for Renewal Terms: Inquiry about any changes in terms or rent for the renewal period

9. Closing: Professional closing with signature block

What sections are optional to include in a Intent To Renew Lease Letter?

1. Proposed Changes: Include if tenant wishes to request modifications to existing lease terms

2. Property Maintenance Statement: Include if highlighting tenant's good maintenance record of the property

3. Payment History Reference: Include if emphasizing history of timely rent payments

4. Preferred Renewal Duration: Include if proposing a specific length for the renewal term

5. Meeting Request: Include if requesting a personal meeting to discuss renewal terms

What schedules should be included in a Intent To Renew Lease Letter?

1. Copy of Current Lease: Attachment of the existing lease agreement for reference

2. Proof of Rent Payments: Optional attachment showing history of timely rent payments

3. Property Inspection Report: Optional attachment if recent inspection has been conducted showing good maintenance

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Genie AI

Document Type

Letter of Intent

Cost

Free to use
Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Office Space

Industrial

Hospitality

Healthcare

Education

Manufacturing

Warehousing

Professional Services

Relevant Teams

Legal

Operations

Facilities Management

Real Estate

Administration

Finance

Corporate Services

Property Management

Tenant Relations

Lease Administration

Relevant Roles

Property Manager

Facilities Manager

Real Estate Manager

Office Manager

Operations Director

Chief Financial Officer

Legal Counsel

Tenant Relations Manager

Lease Administrator

Business Owner

Store Manager

Branch Manager

Administrative Manager

Corporate Services Manager

Real Estate Agent

Property Administrator

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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