Fixed Term Tenancy Agreement for Nigeria

Fixed Term Tenancy Agreement Template for Nigeria

A comprehensive legal agreement governed by Nigerian law that establishes the terms and conditions for a fixed-term rental of residential or commercial property. This document outlines the rights and obligations of both landlord and tenant, including rent payment terms, maintenance responsibilities, security deposit requirements, and termination conditions. It incorporates relevant provisions from Nigerian property law, including state-specific tenancy laws and the Recovery of Premises Act, while ensuring compliance with local rent control regulations where applicable.

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What is a Fixed Term Tenancy Agreement?

The Fixed Term Tenancy Agreement is a fundamental legal document used in Nigeria to establish a definitive rental arrangement for a specified period. This document is essential when property owners wish to lease their residential or commercial properties for a predetermined term while maintaining legal protection under Nigerian law. It serves multiple purposes, including defining rent obligations, maintenance responsibilities, and conditions for security deposit handling. The agreement incorporates provisions from relevant Nigerian legislation, including state-specific tenancy laws and federal regulations. It is particularly crucial for ensuring compliance with local property laws while protecting both landlord and tenant interests through clearly defined terms and conditions. The document is adaptable for various property types and can be customized to address specific requirements while maintaining its core legal framework under Nigerian jurisdiction.

What sections should be included in a Fixed Term Tenancy Agreement?

1. Parties: Identification and details of the landlord and tenant, including full legal names, addresses, and contact information

2. Background: Brief context of the agreement and confirmation of the landlord's right to lease the property

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

4. Demise: Details of the property being let and the term of the tenancy

5. Rent and Payment Terms: Rent amount, payment frequency, method of payment, and due dates

6. Security Deposit: Amount, payment terms, and conditions for return of the security deposit

7. Tenant Obligations: Responsibilities of the tenant including maintenance, permitted use, and conduct

8. Landlord Obligations: Responsibilities of the landlord including repairs, insurance, and services

9. Utilities and Services: Responsibility for connection, payment, and maintenance of utilities

10. Repairs and Maintenance: Detailed breakdown of repair and maintenance responsibilities

11. Termination: Conditions and process for ending the tenancy

12. Notices: Process for serving notices between parties

13. Governing Law: Confirmation that the agreement is governed by Nigerian law

What sections are optional to include in a Fixed Term Tenancy Agreement?

1. Subletting and Assignment: Include if subletting or assignment is to be permitted, with conditions

2. Guarantor Provisions: Include when a guarantor is required for the tenant's obligations

3. Pet Provisions: Include if pets are allowed, with associated conditions and deposits

4. Common Areas: Include for properties with shared facilities or common areas

5. Parking: Include if parking spaces are part of the tenancy

6. Building Rules: Include for properties within managed buildings or estates

7. Special Conditions: Include for any property-specific requirements or restrictions

8. Break Clause: Include if early termination options are to be provided

What schedules should be included in a Fixed Term Tenancy Agreement?

1. Schedule 1 - Property Inventory: Detailed inventory of furniture, fixtures, and fittings with their condition

2. Schedule 2 - Property Plan: Floor plan or description of the property boundaries and included areas

3. Schedule 3 - Building Rules: Detailed rules and regulations for properties in managed buildings

4. Schedule 4 - Special Conditions: Any additional terms specific to this tenancy

5. Appendix A - Guarantor Agreement: If applicable, the guarantor's deed of guarantee

6. Appendix B - Photographic Evidence: Photos documenting the condition of the property at the start of tenancy

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

Jurisdiction

Nigeria

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Clauses
Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Legal Services

Property Development

Facility Management

Student Housing

Corporate Housing

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Operations

Compliance

Administrative

Housing

Asset Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Housing Officer

Facilities Manager

Leasing Manager

Property Administrator

Real Estate Operations Manager

Tenant Relations Manager

Corporate Housing Manager

Legal Administrator

Compliance Officer

Estate 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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