The Month To Month Rental Agreement is a crucial legal document designed for use in the Nigerian real estate market, where flexible rental arrangements are increasingly common. This agreement template is specifically crafted to comply with Nigerian federal and state property laws, providing a structured yet adaptable framework for short-term residential tenancies. It is particularly useful for situations requiring flexibility in lease duration, such as temporary relocations, pilot housing programs, or when parties prefer to avoid long-term commitments. The document incorporates all essential elements required by Nigerian law, including clear terms for rent payment, maintenance obligations, security deposits, and notice periods for termination. It's designed to protect both landlord and tenant interests while maintaining compliance with local regulations and customs in the Nigerian property market.

1. Parties: Identification and contact details of the landlord and tenant, including their legal capacity to enter into the agreement

2. Background: Brief context of the rental arrangement and confirmation of the landlord's ownership/authority to rent

3. Definitions: Key terms used throughout the agreement including 'Premises', 'Term', 'Rent', and other relevant definitions

4. Property Details: Specific description and address of the rental property and any included fixtures/fittings

5. Term and Renewal: Specification of the monthly term, commencement date, and renewal/continuation terms

6. Rent and Payment Terms: Monthly rent amount, payment date, method of payment, and late payment consequences

7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit

8. Utilities and Services: Responsibility for utility payments and services (electricity, water, waste, etc.)

9. Maintenance and Repairs: Responsibilities of landlord and tenant for maintaining the property

10. Use of Premises: Permitted use of the property and restrictions on activities

11. Termination: Notice periods and procedures for terminating the tenancy by either party

12. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction

13. Signatures: Execution clause and signature blocks for all parties