I RENTED A SHOP IN ENUGU JULY 2015 AT THE RATE OF 108000 A YEAR. I GOT A LETTER DATED APRIL 20TH NOTIFYING ME THAT THE RENT HAS INCREASED TO 250000. THE INCREASE IS ASTRONOMICAL AND I WANT TO KNOW HOW I CAN ADDRESS THIS AND MY RIGHTS AND OPTIONS AS A TENANT. THE RENT IS DUE FOR RENEWAL ON THE 1ST OF JULY.
THE NOTICE IS TOO SUDDEN TO ME NA DI ALREADY HAD MY MIND SET ON RENEWING THE RENT AT THE OLD RATE AND I CANT BEGIN LOOKING FOR A SHOP AND MOVING AND DISMANTLING IN A MONTH OF RECEIVING THE LETTER. CAN I CONTEST THE PERCENT OF INCREASE ALSO.
I JUST WANT TO KNOW HOW BEST TO FOLLOW THROUGH
Thank you for contacting us. Unfortunately without the benefit of reviewing the tenancy agreement which you have with your landlord we are unable to indicate what course of action you should take.
Most tenancy agreements will contain a clause of renewal of the tenancy and the process to be followed, and also on how the rent can be increased. We would advise that you contact a lawyer to review the tenancy agreement to better understand your rights.
On the face of it however, the action by your landlord in telling you about it so late seems unfair and the increase seems excessive, so there may be scope for some legal action which you may take. We suggest you speak to a lawyer as soon as you can.
We hope you have found this information helpful. Please note that this information is provided for general informational purposes only and is not intended to be legal advice. No lawyer-client relationship is formed nor should any such relationship be implied. It is not intended to substitute for the advice of a qualified lawyer. If you require legal advice, please consult with a qualified lawyer.