Non-Payment of Rent

Failing to pay rent on time or at all can create significant financial strain for landlords.

Property Damage

Causing intentional or negligent damage to the property, such as breaking fixtures or failing to maintain the premises, can lead to costly repairs.

Illegal Activities

Engaging in illegal activities on the property, such as drug use or trafficking, can lead to legal trouble for both the tenant and landlord. The Governor of Lagos State has revoked the Certificate of Occupancy of many Landlords recently as a result of illegal activities perpetrated by tenants.

Fire Incidence as a result of Tenant’s Carelessness

A number of Landlords have also lost their life investments when their buildings were razed down by fire caused by careless teants who were careless with the use of electric hot-plate, also known as halogens, candles, gas cookers, etc.

Author: Biodun Shonibare, Esq.