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Fixed Term Tenancy Termination
"I need a Fixed Term Tenancy Termination agreement under Nigerian law for a commercial property in Lagos, with the tenancy naturally ending on March 31, 2025, including provisions for final utility readings and a detailed inventory check."
1. Parties: Identification of the landlord and tenant, including full names, addresses, and contact details
2. Background: References to the original tenancy agreement, including its date, property address, and term
3. Definitions: Key terms used in the termination agreement, ensuring clarity and preventing misinterpretation
4. Termination Date: Clear statement of the agreed termination date and confirmation that both parties agree to early termination if applicable
5. Handover Requirements: Specific conditions for returning the property, including cleaning and repair obligations
6. Security Deposit: Provisions regarding the return or deduction from the security deposit
7. Final Payments: Details of any outstanding rent, utilities, or other charges to be settled
8. Keys and Access: Arrangements for returning keys and final property inspection
9. Release and Discharge: Mutual release from obligations under the original tenancy agreement
10. Governing Law: Confirmation that the agreement is governed by Nigerian law and specific state jurisdiction
1. Repairs and Maintenance: Required when specific repairs or maintenance work needs to be completed before termination
2. Forwarding Address: Include when the tenant needs to provide a forwarding address for future correspondence or deposit return
3. Third Party Obligations: Needed when there are guarantors or other third parties involved in the original tenancy
4. Dispute Resolution: Include when parties wish to specify particular dispute resolution mechanisms
5. Utilities Transfer: Required when specific arrangements are needed for transfer or termination of utility accounts
1. Schedule 1 - Property Inventory: Detailed list of property contents and their condition at termination
2. Schedule 2 - Damage Report: Documentation of any damage to the property and associated repair costs
3. Schedule 3 - Deposit Deductions: Itemized list of any deductions from the security deposit
4. Schedule 4 - Utility Readings: Final readings for all utility meters
5. Appendix A - Photographic Evidence: Photos documenting the property's condition at termination
6. Appendix B - Outstanding Payments: Detailed breakdown of any outstanding payments or credits
Authors
Original Tenancy Agreement
Property
Premises
Landlord
Tenant
Termination Date
Security Deposit
Handover Date
Rent
Service Charges
Outstanding Payments
Inventory
Property Manager
Managing Agent
Utilities
Common Areas
Fixtures and Fittings
Keys and Security Devices
Notice Period
Effective Date
Business Day
Applicable Law
State
Guarantor
Final Inspection
Reasonable Wear and Tear
Deposit Deductions
Forward Address
Termination
Property Handover
Security Deposit
Final Payments
Release and Discharge
Condition of Property
Keys and Access
Utilities
Notices
Representations and Warranties
Entire Agreement
Severability
Governing Law
Dispute Resolution
Further Assurance
Costs
Assignment
Variation
Force Majeure
Third Party Rights
Counterparts
Confidentiality
Compliance with Laws
Indemnification
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial
Education
Healthcare
Legal
Real Estate
Facilities Management
Operations
Property Management
Asset Management
Finance
Administration
Compliance
Risk Management
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Property Administrator
Asset Manager
Leasing Manager
Operations Manager
Contract Administrator
Real Estate Director
Housing Officer
Tenant Relations Manager
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