The Lease Termination Agreement is a crucial legal document used in Nigeria when parties wish to formally end a lease arrangement before its natural expiration or document the terms of an ending lease. It complies with Nigerian property law and relevant state legislation, providing a clear framework for lease termination that protects both landlords' and tenants' interests. This document is essential for properly documenting the agreed termination terms, financial settlements, property handover requirements, and mutual releases from future obligations. It helps prevent future disputes by clearly outlining each party's responsibilities and rights during the termination process. The agreement is particularly important in commercial settings but is equally valuable for residential leases, especially in cases involving significant property values or complex termination terms.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the landlord and tenant(s), including full legal names and addresses
2. Background: Brief recital of the original lease agreement details, including date of execution, property description, and current term
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Clear statement of the effective date of lease termination
5. Settlement of Rent and Charges: Details of final rent payment, utility bills, and any other outstanding charges
6. Security Deposit: Provisions for the return or forfeiture of security deposit, including timeline and conditions
7. Property Inspection and Handover: Requirements for property inspection, repairs, and the process of returning keys and possession
8. Mutual Release: Mutual release of future claims and obligations related to the lease
9. Governing Law: Specification that the agreement is governed by Nigerian law and relevant state legislation
10. Execution: Signature blocks for all parties and witnesses
1. Disputed Amounts: Section detailing resolution of any disputed amounts - include when there are unresolved financial disputes
2. Surviving Obligations: List of obligations that survive termination - include for commercial leases or when specific obligations continue post-termination
3. Confidentiality: Confidentiality provisions - include for commercial properties or when requested by either party
4. Return of Fixtures and Fittings: Detailed provisions for removal or transfer of tenant improvements - include for commercial properties or furnished residential properties
5. Third Party Rights: Provisions regarding rights of guarantors or other third parties - include when there are guarantors or other involved parties
6. Alternative Dispute Resolution: ADR provisions - include when parties wish to specify dispute resolution methods
1. Schedule 1 - Property Details: Detailed description of the property including address and any registered title information
2. Schedule 2 - Settlement Statement: Detailed breakdown of all financial settlements including rent, deposits, and other charges
3. Schedule 3 - Inventory List: List of fixtures, fittings, and items to be returned or retained - particularly relevant for furnished properties
4. Appendix A - Property Inspection Report: Final inspection report documenting the condition of the property at termination
5. Appendix B - Original Lease Agreement: Copy of the original lease agreement being terminated
6. Appendix C - Photographic Evidence: Photographs documenting the property's condition at termination
Relevant legal definitions
Agreement
Original Lease
Property
Premises
Landlord
Tenant
Termination Date
Effective Date
Security Deposit
Outstanding Charges
Handover Date
Inspection Report
Lease Period
Rent
Service Charges
Utilities
Parties
Business Day
Property Manager
Fixtures and Fittings
Settlement Amount
Keys and Access Devices
Relevant Authority
Permitted Use
Original Term
Guarantor
Governing Law
Notice
Property Title
Settlement Statement
Original Lease
Property
Premises
Landlord
Tenant
Termination Date
Effective Date
Security Deposit
Outstanding Charges
Handover Date
Inspection Report
Lease Period
Rent
Service Charges
Utilities
Parties
Business Day
Property Manager
Fixtures and Fittings
Settlement Amount
Keys and Access Devices
Relevant Authority
Permitted Use
Original Term
Guarantor
Governing Law
Notice
Property Title
Settlement Statement
Clauses
Termination
Property Handover
Security Deposit
Settlement of Accounts
Final Inspection
Release and Discharge
Outstanding Obligations
Utilities and Services
Keys and Access
Property Condition
Mutual Release
Confidentiality
Governing Law
Dispute Resolution
Notices
Severability
Entire Agreement
Amendment
Assignment
Force Majeure
Costs and Expenses
Further Assurance
Third Party Rights
Counterparts
Compliance with Laws
Representations and Warranties
Indemnification
Survival
Waiver
Property Handover
Security Deposit
Settlement of Accounts
Final Inspection
Release and Discharge
Outstanding Obligations
Utilities and Services
Keys and Access
Property Condition
Mutual Release
Confidentiality
Governing Law
Dispute Resolution
Notices
Severability
Entire Agreement
Amendment
Assignment
Force Majeure
Costs and Expenses
Further Assurance
Third Party Rights
Counterparts
Compliance with Laws
Representations and Warranties
Indemnification
Survival
Waiver
Relevant Industries
Real Estate
Retail
Commercial Office Space
Industrial
Hospitality
Healthcare
Education
Banking and Financial Services
Technology
Manufacturing
Logistics and Warehousing
Professional Services
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Administration
Risk and Compliance
Property Management
Asset Management
Corporate Services
Procurement
Relevant Roles
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Real Estate Agent
Property Administrator
Lease Administrator
Operations Manager
Asset Manager
Portfolio Manager
Risk Manager
Compliance Officer
Contract Manager
Property Director
Real Estate Director
Find the exact document you need
End Of Rental Agreement
A Nigerian law-compliant agreement that formally terminates a rental relationship between landlord and tenant, settling all associated obligations and accounts.
find out more
Letter For Termination Of Tenancy Agreement
A formal notice under Nigerian law to terminate a tenancy agreement, including essential details about the property, parties, and termination terms.
find out more
After Termination Of Employment Contract
A Nigerian law-governed agreement defining post-employment obligations and restrictions between an employer and former employee.
find out more
Landlord Break Tenancy Agreement
Nigerian tenancy agreement template with landlord break clause provisions, compliant with national and state property laws.
find out more
Real Estate Contract Termination
A Nigerian law-governed agreement that formally terminates a real estate contract, outlining termination terms and settlement arrangements between parties.
find out more
Landlord Breaks Lease Agreement
A Nigerian law-compliant document that formalizes a landlord's early termination of a lease agreement, outlining the termination process and parties' rights and obligations.
find out more
Termination Of Building Contract Letter
A formal letter for terminating building contracts in Nigeria, compliant with Nigerian construction and contract law, outlining termination terms and next steps.
find out more
Termination Of Apprenticeship Contract
A Nigerian law-compliant document that formally terminates an apprenticeship relationship, outlining termination terms and mutual obligations.
find out more
Terminate Contract With Immediate Effect
A formal notice for immediate contract termination under Nigerian law, ensuring compliance with local labor regulations and legal requirements.
find out more
Rent Cancellation Agreement
A mutual agreement governed by Nigerian law to terminate an existing lease or rental agreement between landlord and tenant, outlining termination terms and final settlements.
find out more
Surrender Of Lease Deed
A Nigerian law-compliant document that formally terminates a lease agreement before its natural expiry through mutual agreement between landlord and tenant.
find out more
Surrender Of Tenancy Agreement
A Nigerian law-compliant agreement for the mutual termination of a lease between landlord and tenant, setting out surrender terms and conditions.
find out more
Termination Of Tenancy Agreement
A Nigerian law-compliant agreement that formally terminates a tenancy relationship between landlord and tenant, outlining termination terms and property handover requirements.
find out more
Termination Agreement
A Nigerian law-governed agreement that formally documents the terms and conditions for ending an employment relationship.
find out more
End Of Lease Agreement
A Nigerian law-compliant agreement that formally terminates a lease arrangement between landlord and tenant, establishing terms for ending the tenancy relationship.
find out more
Termination Of Lease Letter
A legal notice under Nigerian law formally communicating the intention to terminate a lease agreement, specifying termination terms and conditions.
find out more
Not Renewing Lease Letter
A formal letter used in Nigeria to notify the other party (landlord or tenant) of the intention not to renew a lease agreement upon its expiration, complying with Nigerian tenancy laws.
find out more
House Contract Termination Letter
A formal legal document used in Nigeria to terminate a residential lease agreement, ensuring compliance with local property laws and regulations.
find out more
End Of Tenancy Agreement Letter
A formal letter used in Nigeria to notify the termination of a tenancy agreement, complying with Nigerian tenancy laws and state-specific regulations.
find out more
Termination Of Agency Agreement
A Nigerian law-governed agreement that formally terminates an agency relationship between principal and agent, establishing termination terms and post-termination obligations.
find out more
Shareholder Exit Agreement
A comprehensive agreement governing shareholder exit processes and terms under Nigerian law, including share transfer procedures and associated obligations.
find out more
Partner Exit Agreement
A Nigerian law-governed agreement that formalizes a partner's exit from a business partnership, including financial settlements and ongoing obligations.
find out more
Lease Termination Form
A standardized form for terminating lease agreements in Nigeria, compliant with Nigerian property law and state-specific tenancy regulations.
find out more
Lease Break Letter
A formal notice under Nigerian law for early termination of a lease agreement by a tenant, complying with federal and state property regulations.
find out more
End Of Fixed Term Contract
A formal notification document for concluding fixed-term employment contracts under Nigerian law, addressing termination requirements and final settlements.
find out more
Director Exit Agreement
A Nigerian law-governed agreement setting out terms and conditions for a director's departure from a company.
find out more
Contract Termination Letter
A formal notice compliant with Nigerian law that officially terminates an employment contract or business relationship, outlining termination terms and final arrangements.
find out more
Cancellation Agreement
A Nigerian law-governed agreement documenting parties' mutual consent to terminate an existing contract, including settlement terms and releases.
find out more
Rental Contract Cancellation
A Nigerian law-compliant agreement that formally terminates a rental contract between landlord and tenant, establishing terms for lease end and mutual release.
find out more
Ending Apartment Lease Letter
A formal notice under Nigerian law for terminating an apartment lease agreement, outlining the termination details and final arrangements.
find out more
Termination Of Sales Representative Agreement
A Nigerian law-governed agreement that formally terminates a sales representative relationship, addressing final obligations and post-termination arrangements.
find out more
Termination Of Investment Agreement
A Nigerian law-governed agreement for terminating investment relationships, ensuring regulatory compliance and structured investment exit.
find out more
Termination Of Agency Agreement And Release
A Nigerian law-governed agreement that terminates an agency relationship and provides mutual release of claims between principal and agent.
find out more
Termination Of Rental Agreement By Landlord
A Nigerian legal notice issued by a landlord to terminate a rental agreement, complying with federal and state property laws.
find out more
Termination Of Construction Contract By Owner And Contractor
A mutual agreement for terminating a construction contract between owner and contractor under Nigerian law, including settlement terms and site handover provisions.
find out more
Termination Of Tenancy Agreement By Tenant
A formal notice document used in Nigeria by tenants to legally terminate their tenancy agreement, complying with Nigerian property law requirements.
find out more
Termination Of Sale Agreement
A legally binding document under Nigerian law that formally terminates an existing sale agreement between parties, establishing terms for unwinding the transaction and mutual releases.
find out more
Reminder Letter For End Of Contract
A formal Nigerian business letter notifying parties of an approaching contract end date and outlining necessary closing actions.
find out more
Partnership Termination Letter
A formal letter under Nigerian law that officially terminates a business partnership, including termination terms and dissolution arrangements.
find out more
Termination Of Real Estate Contract By Buyer
A Nigerian law-governed document for buyers to formally terminate a real estate purchase contract, including settlement terms and mutual releases.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)