The Letter Of Intent To Raise Rent is a critical document in Nigerian property law that serves as a formal notification mechanism between landlords and tenants. It is typically used when a property owner or manager intends to increase the rental amount for either residential or commercial properties. This document must be issued within the legally required notice period as specified by Nigerian federal law and state-specific tenancy regulations. The letter should include essential information such as the property details, current rent amount, proposed new rent, effective date, and justification for the increase where appropriate. It's particularly important in Nigeria's dynamic real estate market where rent adjustments need to be carefully documented and communicated to ensure legal compliance and maintain transparent landlord-tenant relationships. The document helps prevent disputes by providing clear written evidence of the intended change and its terms.

1. Date and Address Block: Current date and full address of the rental property

2. Tenant Information: Full name and contact details of the tenant(s)

3. Current Rent Statement: Clear statement of the current rent amount and payment terms

4. New Rent Declaration: Statement of the proposed new rent amount

5. Effective Date: Specific date when the new rent will take effect

6. Notice Period: Statement confirming that the legal notice period is being provided

7. Legal Compliance Statement: Statement confirming compliance with relevant Nigerian tenancy laws

8. Signature Block: Space for landlord's signature and date