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The Landlord Tenant Agreement To Terminate Lease is a crucial document used in Nigerian property law when both parties mutually agree to end a lease before its scheduled termination date. This document is essential in both residential and commercial contexts, providing a clear legal framework for early lease termination while ensuring compliance with federal and state-level property laws. It should be used when both parties have reached an amicable decision to end the lease early and need to document the terms of separation, including property handover, final payments, and mutual release from future obligations. The agreement typically includes provisions for security deposit return, final inspection procedures, and settlement of any outstanding issues, all while adhering to local Nigerian legal requirements and customs. It serves as a protective measure for both landlord and tenant, preventing future disputes and providing clear documentation of the termination process.

1. Parties: Identifies the landlord and tenant with their full legal names and addresses

2. Background: Provides context including details of the original lease agreement, property description, and mutual desire to terminate

3. Definitions: Defines key terms used throughout the agreement

4. Termination Date: Specifies the exact date when the lease will terminate and the tenant will vacate the premises

5. Mutual Agreement to Terminate: States the parties' mutual consent to end the lease agreement before its original termination date

6. Final Rent and Utilities: Details the final rent payment and arrangements for settling utility bills

7. Security Deposit: Specifies how and when the security deposit will be returned, subject to property inspection

8. Property Inspection: Outlines the process and timing for final inspection of the property

9. Handover Requirements: Lists the conditions for returning the property, including cleaning requirements and return of keys

10. Release of Obligations: Confirms mutual release from future obligations under the original lease

11. Governing Law: Confirms the agreement is governed by Nigerian law

12. Signatures: Space for parties to execute the agreement with witnesses