Rental Terms & Conditions

For the purposes of these Rental Terms:

• "Landlord" means the property owner or authorized agent listing a property for rent.
• "Tenant" means any person who rents or applies to rent a property through the Platform.
• "Rental Agreement" means the legally binding contract between Landlord and Tenant.
• "Platform" means Victorian Condominiums.
• "Security Deposit" means funds held to cover potential damages or unpaid rent.

• Provide accurate and truthful information about the property including condition, amenities, and rental terms.
• Ensure the property is habitable and complies with all applicable health and safety regulations.
• Make necessary repairs within a reasonable timeframe (typically 7-14 days).
• Respect the Tenant's right to quiet enjoyment of the property.
• Provide proper notice (minimum 24 hours) before entering the property.
• Return the security deposit within 30 days of lease termination, less any legitimate deductions.

• Pay rent on time as specified in the Rental Agreement.
• Keep the property clean and in good condition.
• Promptly report any maintenance issues to the Landlord.
• Not make alterations to the property without Landlord's written consent.
• Not engage in illegal activities on the premises.
• Respect neighbors and comply with community rules.
• Allow Landlord reasonable access for inspections and repairs with proper notice.

• Rent is due on the date specified in the Rental Agreement (typically the 1st of each month).
• Late payments incur a fee of 5% of the monthly rent if paid within 7 days late.
• Additional 10% fee applies for payments more than 14 days late.
• Rent may be paid via bank transfer, card payment, or other Platform-approved methods.
• The Platform may facilitate rent collection but is not responsible for payment disputes.

• The security deposit shall not exceed two months' rent.
• The deposit must be held in a separate account (not co-mingled with personal funds).
• Within 30 days of lease termination, Landlord must provide an itemized list of deductions.
• Permissible deductions include unpaid rent, damage beyond normal wear and tear, and cleaning fees.
• Failure to return the deposit within 30 days may result in forfeiture of the right to make deductions.

• Emergency Repairs: Landlord must respond within 24 hours (e.g., burst pipes, no electricity, gas leaks).
• Urgent Repairs: Landlord must respond within 72 hours (e.g., broken appliances, leaking faucets).
• Non-Urgent Repairs: Landlord must respond within 14 days.
• Tenants may not deduct repair costs from rent without prior written agreement.
• Maintenance caused by Tenant negligence is the Tenant's financial responsibility.

• Fixed-Term Lease: Typically 6 or 12 months. Ends automatically on the termination date unless renewed.
• Periodic Lease: Month-to-month with 30 days' notice required from either party.
• Automatic Renewal: Fixed-term leases may convert to month-to-month unless notice is given.
• Rent increases require 30 days' written notice for month-to-month tenancies.

• By Tenant: Provide 30 days' written notice. Early termination may incur a fee (up to 1 month's rent).
• By Landlord: Provide 30 days' written notice for no-cause termination (after fixed term).
• For Cause: Immediate termination allowed for illegal activities, non-payment, or material breach.
• Upon termination, Tenant must return keys and vacate the property in good condition.

• Eviction must follow the legal process under Nigerian law.
• Self-help evictions (changing locks, removing belongings, cutting utilities) are illegal.
• Landlord must serve a valid Notice to Quit (7 days for non-payment, 30 days for other breaches).
• If Tenant does not vacate, Landlord must file a claim in court.
• The Platform may suspend accounts of parties involved in eviction disputes.

• Subletting is not permitted without the Landlord's written consent.
• Landlord may not unreasonably withhold consent for subletting.
• The original Tenant remains fully responsible for rent and property condition.
• Subtenants must agree to all terms of the original Rental Agreement.
• Airbnb-style short-term rentals require explicit Landlord approval.

Disputes arising from rental agreements shall follow this process:

• Step 1: Direct negotiation between Landlord and Tenant (7 days).
• Step 2: Mediation through Lagos Multi-Door Courthouse or accredited mediator.
• Step 3: Binding arbitration under the Arbitration and Mediation Act 2023.
• Step 4: Legal action in Lagos State courts.

These Rental Terms are governed by the laws of the Federal Republic of Nigeria, including:

• The Tenancy Law of Lagos State (or applicable state law)
• The Recovery of Premises Act
• The Arbitration and Mediation Act 2023
• The Evidence Act 2011