The Lease Termination Form is a crucial document in Nigerian property law, designed to facilitate the formal ending of lease agreements while ensuring compliance with federal and state-specific legislation. This document is essential when either a landlord or tenant wishes to legally terminate a lease, whether at the end of its term or through mutual agreement for early termination. The form incorporates requirements from the Recovery of Premises Act and various state tenancy laws, ensuring proper notice periods are observed and all necessary details are documented. It serves both residential and commercial property sectors, providing a structured approach to recording the termination agreement, handling security deposits, and managing property handover procedures. The document includes provisions for witnessing and documentation requirements specific to the Nigerian legal context, including considerations under the Illiterates Protection Act where applicable.

1. Header: Title of the document and date of execution

2. Parties: Full legal names and addresses of both landlord and tenant

3. Property Details: Complete address and description of the leased property

4. Current Lease Reference: Details of the existing lease agreement including its date and key terms

5. Termination Statement: Clear statement of intention to terminate the lease and the effective date of termination

6. Notice Period Declaration: Confirmation that proper notice period has been given as per Nigerian law

7. Property Handover: Specific date and time for property inspection and key handover

8. Signatures: Space for signatures of all parties, witnesses, and date of signing