Weekly Lease Agreement Template for Nigeria

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Key Requirements PROMPT example:

Weekly Lease Agreement

"I need a Weekly Lease Agreement for a furnished 2-bedroom apartment in Lagos, Nigeria, starting January 15, 2025, with specific clauses about utility payments and a no-pets policy, targeted at corporate tenants with weekly rent collected via bank transfer."

Document background
The Weekly Lease Agreement is designed for situations requiring flexible, short-term property rental arrangements in Nigeria. This document type is particularly useful for temporary accommodations, corporate housing, or situations where traditional long-term leases are impractical. The agreement incorporates essential provisions required by Nigerian property law, including the Recovery of Premises Act and state-specific tenancy regulations. It covers crucial aspects such as weekly rent payments, security deposits, maintenance obligations, and termination procedures, while ensuring compliance with local property regulations. The Weekly Lease Agreement is structured to protect both landlord and tenant interests, providing clear terms for property use, maintenance responsibilities, and dispute resolution mechanisms, making it suitable for both residential and commercial properties in Nigerian jurisdictions.
Suggested Sections

1. Parties: Identification and contact details of the landlord and tenant

2. Background: Brief context of the agreement and property ownership

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the leased premises

5. Term and Renewal: Duration of weekly lease and renewal terms

6. Rent and Payment Terms: Weekly rent amount, payment method, and due dates

7. Security Deposit: Amount, terms of holding and conditions for return

8. Utilities and Services: Responsibility for utility payments and included services

9. Maintenance and Repairs: Responsibilities of landlord and tenant for property maintenance

10. Use of Premises: Permitted use of property and occupancy restrictions

11. Access and Inspection: Landlord's right to access and inspect the property

12. Termination: Terms and process for ending the agreement

13. Governing Law: Nigerian law application and jurisdiction

14. Signatures: Execution clause and signature blocks

Optional Sections

1. Furnished Property Terms: Include when property is leased with furnishings, listing specific terms for furniture use and maintenance

2. Shared Facilities: Include when property includes shared amenities, detailing usage rules and access rights

3. Subletting Prohibition: Include when specifically prohibiting subletting, which is often relevant for weekly rentals

4. Insurance Requirements: Include when requiring tenant to maintain specific insurance coverage

5. Pet Policy: Include when pets are allowed or specifically prohibited

6. Security and Safety: Include for properties in gated communities or with specific security arrangements

7. Quiet Enjoyment: Include when there are specific noise restrictions or neighboring concerns

Suggested Schedules

1. Schedule 1: Property Inventory: Detailed list of all items included in the property, particularly important for furnished properties

2. Schedule 2: Property Condition Report: Documentation of property condition at commencement of lease

3. Schedule 3: House Rules: Specific rules and regulations for the property or building

4. Schedule 4: Utility Reading Records: Initial utility meter readings and recording template

5. Appendix A: Payment Schedule: Detailed breakdown of rent and other charges

6. Appendix B: Maintenance Schedule: Regular maintenance responsibilities and schedules

7. Appendix C: Emergency Contacts: List of important contact numbers and emergency procedures

Authors

Alex Denne

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

Clauses
Relevant Industries

Real Estate

Residential Property

Commercial Property

Hospitality

Student Housing

Corporate Housing

Short-term Accommodation

Property Management

Legal Services

Construction and Development

Relevant Teams

Legal

Property Management

Real Estate Operations

Facilities Management

Tenant Relations

Compliance

Asset Management

Corporate Housing

Leasing Operations

Administrative Support

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Coordinator

Legal Counsel

Housing Officer

Facilities Manager

Tenant Relations Manager

Property Administrator

Compliance Officer

Real Estate Portfolio Manager

Corporate Housing Manager

Student Housing Coordinator

Asset Manager

Operations Manager

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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