Home Rental Lease Agreement Template for Nigeria

The Home Rental Lease Agreement is a fundamental legal instrument used in Nigerian residential property transactions to establish and regulate the relationship between property owners and tenants. This document is essential when any residential property is being leased in Nigeria, whether it's an apartment, house, or other residential unit. It must comply with federal legislation such as the Recovery of Premises Act and state-specific tenancy laws, while incorporating all necessary provisions for rent payment, maintenance obligations, and tenant rights. The agreement serves as a comprehensive record of the terms agreed upon, including duration of tenancy, financial obligations, maintenance responsibilities, and conditions for termination. It's designed to protect both landlord and tenant interests while ensuring enforceability under Nigerian law.

1. Parties: Identification of the landlord and tenant with full legal names and addresses

2. Background: Brief context about the property and the parties' intention to enter into a lease agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Detailed description of the rental property, including its address and boundaries

5. Term of Lease: Duration of the lease, including start and end dates

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

7. Security Deposit: Amount, terms of holding, and conditions for refund of the security deposit

8. Utilities and Services: Responsibility for payment of utilities 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. Insurance: Required insurance coverage and responsibilities

14. Termination: Conditions and process for termination of the lease

15. Notices: Process for serving notices between parties

16. Governing Law: Specification of Nigerian law as governing law

17. Execution: Signature blocks and execution details