The Fixed Term Tenancy Agreement is a fundamental legal document used in Nigeria to establish a definitive rental arrangement for a specified period. This document is essential when property owners wish to lease their residential or commercial properties for a predetermined term while maintaining legal protection under Nigerian law. It serves multiple purposes, including defining rent obligations, maintenance responsibilities, and conditions for security deposit handling. The agreement incorporates provisions from relevant Nigerian legislation, including state-specific tenancy laws and federal regulations. It is particularly crucial for ensuring compliance with local property laws while protecting both landlord and tenant interests through clearly defined terms and conditions. The document is adaptable for various property types and can be customized to address specific requirements while maintaining its core legal framework under Nigerian jurisdiction.
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1. Parties: Identification and details of the landlord and tenant, including full legal names, addresses, and contact information
2. Background: Brief context of the agreement and confirmation of the landlord's right to lease the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Details of the property being let and the term of the tenancy
5. Rent and Payment Terms: Rent amount, payment frequency, method of payment, and due dates
6. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
7. Tenant Obligations: Responsibilities of the tenant including maintenance, permitted use, and conduct
8. Landlord Obligations: Responsibilities of the landlord including repairs, insurance, and services
9. Utilities and Services: Responsibility for connection, payment, and maintenance of utilities
10. Repairs and Maintenance: Detailed breakdown of repair and maintenance responsibilities
11. Termination: Conditions and process for ending the tenancy
12. Notices: Process for serving notices between parties
13. Governing Law: Confirmation that the agreement is governed by Nigerian law
1. Subletting and Assignment: Include if subletting or assignment is to be permitted, with conditions
2. Guarantor Provisions: Include when a guarantor is required for the tenant's obligations
3. Pet Provisions: Include if pets are allowed, with associated conditions and deposits
4. Common Areas: Include for properties with shared facilities or common areas
5. Parking: Include if parking spaces are part of the tenancy
6. Building Rules: Include for properties within managed buildings or estates
7. Special Conditions: Include for any property-specific requirements or restrictions
8. Break Clause: Include if early termination options are to be provided
1. Schedule 1 - Property Inventory: Detailed inventory of furniture, fixtures, and fittings with their condition
2. Schedule 2 - Property Plan: Floor plan or description of the property boundaries and included areas
3. Schedule 3 - Building Rules: Detailed rules and regulations for properties in managed buildings
4. Schedule 4 - Special Conditions: Any additional terms specific to this tenancy
5. Appendix A - Guarantor Agreement: If applicable, the guarantor's deed of guarantee
6. Appendix B - Photographic Evidence: Photos documenting the condition of the property at the start of tenancy
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