Determination of Periodic Tenancies in Nigeria: Cobra Limited V. Omole Estates and Investment Ltd Revisited

Abstract

A key feature of leases, as interest in land, is that they can be determined. This may be due to the fact that a leaseholder, although he has right to exclusive possession of the property is still subject to the reversionary interest of the lessor. However, the reversionary interest of the lessor can only resume if the lessee’s interest in the property expires by efflusion of time or through issuance of appropriate notice by either the lessee surrendering his unexpired interest in the property or the lessor determining the lease.