Document background
The Condo Lease Agreement serves as a legally binding document used in Nigeria for leasing condominium units, ensuring compliance with federal and state property laws. This document is essential when a property owner wishes to lease a condominium unit to a tenant, establishing clear terms and conditions for the tenancy while adhering to local regulations and condo association rules. It incorporates necessary provisions required under Nigerian law, including the Recovery of Premises Act and state-specific tenancy laws. The agreement covers crucial aspects such as rent payment terms, maintenance responsibilities, security deposits, and usage restrictions. It's particularly important in urban areas where condominium living is common, such as Lagos, Abuja, and Port Harcourt, and includes specific provisions for common areas and shared facilities typical in condominium developments.
