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Termination Of Lease Agreement By Tenant for Nigeria

Termination Of Lease Agreement By Tenant Template for Nigeria

A formal legal document used in Nigeria for tenants to officially terminate their lease agreement with their landlord. This document complies with Nigerian property law and relevant state-specific tenancy regulations, particularly regarding notice periods and termination procedures. It includes essential details such as the termination date, property handover requirements, and arrangements for final inspection and security deposit return. The agreement ensures both parties' rights are protected under Nigerian law and provides a clear framework for the orderly conclusion of the tenancy relationship.

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Termination Of Lease Agreement By Tenant

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What is a Termination Of Lease Agreement By Tenant?

The Termination of Lease Agreement by Tenant is a crucial document used in Nigerian property law when a tenant wishes to end their lease agreement. It must comply with federal legislation such as the Recovery of Premises Act and state-specific tenancy laws, with notice periods varying by state and lease type. This document is essential for both residential and commercial tenancies, providing a formal record of the tenant's intention to vacate the premises and outlining the conditions for lease termination. It typically includes provisions for property inspection, security deposit return, and settlement of outstanding obligations. The agreement helps prevent disputes by clearly documenting the termination process and ensures compliance with local legal requirements, particularly important in states with strict tenancy regulations like Lagos.

What sections should be included in a Termination Of Lease Agreement By Tenant?

1. Parties: Identification of the Tenant (as the terminating party) and Landlord, including full names, addresses, and contact details

2. Background: Reference to the original lease agreement, including its date, property address, and current tenancy terms

3. Definitions: Key terms used in the agreement, including 'Premises', 'Termination Date', 'Notice Period', and 'Original Lease Agreement'

4. Notice of Termination: Formal declaration of the tenant's intention to terminate the lease, citing the relevant clause from the original lease agreement

5. Termination Date: Specific date when the tenancy will end, ensuring compliance with required notice periods under Nigerian law

6. Handover Requirements: Conditions for returning the property, including cleaning, repairs, and removal of personal belongings

7. Final Inspection: Arrangements for property inspection before handover

8. Forwarding Address: Tenant's new address for future correspondence and return of security deposit

9. Governing Law: Confirmation that the termination is governed by Nigerian law and specific state regulations

10. Signatures: Space for both parties to sign and date the termination agreement

What sections are optional to include in a Termination Of Lease Agreement By Tenant?

1. Security Deposit: Terms for the return of security deposit, use when there is an existing deposit

2. Outstanding Payments: Provisions for settling any remaining rent, utilities, or other charges, include if there are pending payments

3. Early Termination Fee: Details of any penalties for early termination, include if terminating before lease end date

4. Utilities Transfer: Procedures for transferring or disconnecting utilities, include if utilities are in tenant's name

5. Maintenance Issues: Documentation of any existing maintenance issues or repairs, include if there are ongoing maintenance concerns

6. Key Return: Specific arrangements for returning keys and access devices, include if there are multiple sets or special access devices

What schedules should be included in a Termination Of Lease Agreement By Tenant?

1. Schedule A - Property Condition Report: Detailed documentation of the property's current condition with photographs

2. Schedule B - Inventory List: List of any fixtures, fittings, or furnishings provided with the property

3. Schedule C - Outstanding Payments Schedule: Detailed breakdown of any remaining financial obligations

4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement for reference

5. Appendix 2 - Utility Bills: Copies of final utility bills and payment status

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Cost

Free to use
Relevant legal definitions

























Clauses




















Relevant Industries

Real Estate

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Legal

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Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Tenant Relations Manager

Property Administrator

Lease Administrator

Real Estate Coordinator

Housing Officer

Corporate Real Estate Manager

Operations Manager

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Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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