The Legal Rental Agreement Contract serves as a fundamental legal instrument in Nigerian property transactions, essential for both residential and commercial property rentals. This document is required whenever a property owner (landlord) agrees to rent out their property to a tenant, whether for residential or commercial purposes. The agreement must comply with Nigerian federal legislation, including the Recovery of Premises Act, as well as relevant state-specific tenancy laws. It provides comprehensive coverage of all aspects of the rental relationship, including property details, payment terms, duration, maintenance responsibilities, and dispute resolution mechanisms. The document is designed to protect both landlord and tenant interests while ensuring compliance with local property laws and regulations. It can be customized for various property types and rental arrangements while maintaining its core legal requirements under Nigerian law.
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1. Parties: Identification of landlord and tenant with full legal names, addresses, and contact details
2. Background: Context of the agreement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the rental property, including address and specific areas included/excluded
5. Term of Lease: Duration of the tenancy, commencement date, and termination date
6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment penalties
7. Security Deposit: Amount, terms of holding, and conditions for return of security deposit
8. Utilities and Services: Responsibility for utility payments and services
9. Maintenance and Repairs: Obligations of landlord and tenant regarding property maintenance
10. Use of Property: Permitted uses of the property and restrictions
11. Tenant's Obligations: General obligations and responsibilities of the tenant
12. Landlord's Obligations: General obligations and responsibilities of the landlord
13. Termination: Conditions and procedures for termination of the agreement
14. Notices: Process for serving notices between parties
15. Governing Law: Specification of Nigerian law as governing law and jurisdiction
16. Execution: Signature blocks and execution details
1. Subletting: Terms regarding subletting or assignment of the lease, included when subletting is permitted
2. Furnishings: Details of furnished properties, included only when property is let furnished
3. Pet Policy: Rules regarding keeping pets, included when pets are permitted or specifically prohibited
4. Insurance Requirements: Specific insurance obligations, included when additional insurance is required
5. Special Terms for Commercial Use: Additional terms for mixed-use properties, included when property may be used for business purposes
6. Property Management: Details of property manager's role and contact information, included when a property manager is involved
7. Force Majeure: Provisions for unforeseen circumstances, included in longer-term or higher-value leases
8. Option to Renew: Terms for lease renewal, included when renewal options are offered
1. Schedule 1: Inventory: Detailed list of fixtures, fittings, and furnishings included in the rental
2. Schedule 2: Property Condition Report: Detailed description of property condition at commencement of tenancy
3. Schedule 3: House Rules: Specific rules and regulations for the property or building
4. Schedule 4: Service Charges: Breakdown of any additional service charges or fees
5. Appendix A: Property Photographs: Photographic evidence of property condition
6. Appendix B: Floor Plan: Layout and measurements of the property
7. Appendix C: Utility Readings: Initial utility meter readings at commencement of tenancy
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