The Land Lease Agreement serves as a crucial legal instrument in Nigerian real estate transactions, providing a framework for temporary land use rights while ensuring compliance with federal and state regulations. This document is essential when a party needs to use land for a specific period without acquiring full ownership rights. The agreement must align with the Land Use Act of 1978, which vests all land in the state governors to hold in trust for the people. It typically includes detailed provisions about the property, permitted uses, duration, rent, maintenance responsibilities, and other key terms. The document is particularly important in Nigeria's complex land tenure system, where both statutory and customary land rights may need consideration. Used across various sectors from agriculture to commercial development, this agreement type requires careful attention to local land use regulations, environmental laws, and traditional land rights where applicable.

1. Parties: Identifies and provides full details of the lessor and lessee, including their legal capacity to enter into the agreement

2. Background: Outlines the context of the lease agreement, including brief description of the property and the parties' intention to enter into a lease arrangement

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent ambiguity

4. Demise: Specifies the formal grant of lease and describes the property being leased in detail

5. Term and Commencement: States the duration of the lease and its start date

6. Rent and Payment Terms: Details the rent amount, payment schedule, and method of payment

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

8. Permitted Use: Clearly defines the authorized uses of the property under the lease

9. Lessee's Covenants: Lists all obligations and promises made by the lessee regarding the property use, maintenance, and compliance with laws

10. Lessor's Covenants: Details all obligations and promises made by the lessor regarding the property

11. Insurance: Specifies required insurance coverage and responsibilities of each party

12. Maintenance and Repairs: Outlines responsibilities for property maintenance and repairs

13. Assignment and Subletting: States conditions under which the lessee may or may not transfer the lease or sublet the property

14. Termination: Specifies conditions and procedures for ending the lease

15. Governing Law: Confirms that the agreement is governed by Nigerian law and specifies the relevant state jurisdiction

16. Dispute Resolution: Outlines procedures for resolving any disputes that may arise

17. Notices: Specifies how formal communications between parties should be made and delivered

18. Execution: Formal signing section with space for parties' signatures and witnesses