The Landlord Break Tenancy Agreement is essential for property owners in Nigeria who require flexibility in their long-term letting arrangements. This document is typically used when landlords anticipate potential future needs to reclaim their property, such as for redevelopment, sale, or personal use. It incorporates provisions compliant with Nigerian federal and state property laws, including specific notice periods and termination procedures required by the Recovery of Premises Act. The agreement balances the landlord's need for flexibility with tenant protections mandated by Nigerian law, making it suitable for both residential and commercial properties. It includes detailed sections on break notice requirements, property return conditions, and financial settlements upon early termination.
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1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and contact details
2. Background: Brief context of the agreement, including the property letting and the purpose of including break rights
3. Definitions: Key terms used throughout the agreement, including 'Break Date', 'Break Notice', 'Property', and 'Term'
4. Demise: Description of the property being let and the term of the tenancy
5. Rent and Payment Terms: Details of rent amount, payment frequency, and method of payment
6. Landlord Break Rights: Specific conditions under which the landlord may terminate the tenancy, including notice periods and procedures
7. Break Notice Requirements: Format, content, and service requirements for the break notice
8. Consequences of Break: Effects of exercising the break clause, including handling of deposits, rent adjustments, and vacation requirements
9. Property Return Conditions: Condition in which the property must be returned after the break is exercised
10. Governing Law: Specification that the agreement is governed by Nigerian law
1. Security Deposit Provisions: Additional terms regarding handling of security deposit in break scenarios, used when a deposit is held
2. Break Premium: Include when the landlord must pay a premium to exercise the break right
3. Utilities and Services: Specific provisions for termination of utilities and services, used for properties with shared services
4. Multiple Occupancy Provisions: Additional terms for properties with multiple tenants, used in shared housing situations
5. Commercial Use Provisions: Special terms for mixed-use properties, used when property has both residential and commercial elements
1. Schedule 1 - Property Description: Detailed description of the property including boundaries, fixtures, and fittings
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates
3. Schedule 3 - Inventory: List of furnishings and items included in the tenancy
4. Schedule 4 - Break Notice Template: Template form for the landlord to use when serving break notice
5. Appendix A - Property Plans: Floor plans and property layouts where applicable
6. Appendix B - Photographic Schedule: Photographs documenting the property condition at the start of tenancy
Relevant legal definitions
Agreement
Break Clause
Break Date
Break Notice
Break Premium
Business Day
Commencement Date
Common Areas
Deposit
Fixtures and Fittings
Landlord
Lease Period
Notice Period
Permitted Use
Premises
Property
Rent
Review Date
Service Charge
Tenant
Term
Termination Date
Utilities
Vacant Possession
Working Days
Break Clause
Break Date
Break Notice
Break Premium
Business Day
Commencement Date
Common Areas
Deposit
Fixtures and Fittings
Landlord
Lease Period
Notice Period
Permitted Use
Premises
Property
Rent
Review Date
Service Charge
Tenant
Term
Termination Date
Utilities
Vacant Possession
Working Days
Clauses
Demise
Term
Rent Payment
Security Deposit
Break Rights
Notice Requirements
Property Use
Maintenance and Repair
Insurance
Assignment and Subletting
Access Rights
Utilities and Services
Property Return
Quiet Enjoyment
Force Majeure
Governing Law
Dispute Resolution
Severability
Entire Agreement
Notices
Termination
Service Charges
Alterations
Compliance with Laws
Indemnification
Default and Remedies
Surrender
Costs and Expenses
Term
Rent Payment
Security Deposit
Break Rights
Notice Requirements
Property Use
Maintenance and Repair
Insurance
Assignment and Subletting
Access Rights
Utilities and Services
Property Return
Quiet Enjoyment
Force Majeure
Governing Law
Dispute Resolution
Severability
Entire Agreement
Notices
Termination
Service Charges
Alterations
Compliance with Laws
Indemnification
Default and Remedies
Surrender
Costs and Expenses
Relevant Industries
Real Estate
Residential Property
Commercial Property
Property Management
Legal Services
Housing
Property Development
Retail Property
Office Space
Mixed-use Development
Relevant Teams
Legal
Real Estate
Property Management
Operations
Facilities
Compliance
Asset Management
Leasing
Property Administration
Risk Management
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Property Administrator
Facilities Manager
Estate Manager
Leasing Manager
Real Estate Developer
Property Investment Manager
Compliance Officer
Real Estate Lawyer
Housing Officer
Asset Manager
Property Operations Manager
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