The Monthly Tenancy Agreement is a essential legal document used in Nigeria for creating short-term, flexible rental arrangements between property owners and tenants. This agreement type is particularly common in urban areas and is governed by both federal legislation (such as the Recovery of Premises Act) and state-specific tenancy laws. The document is designed for situations where parties prefer the flexibility of month-to-month arrangements rather than long-term leases, making it particularly suitable for temporary accommodations or trial rental periods. It includes all necessary provisions required under Nigerian law, including rent terms, maintenance responsibilities, notice requirements, and termination procedures, while allowing for customization based on specific property characteristics and state jurisdictions.
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1. Parties: Identification and details of the landlord and tenant, including full names, addresses, and contact information
2. Background: Brief context about the property and the intention to create a monthly tenancy
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Specific description and address of the rental property
5. Term and Renewal: Duration of the monthly tenancy and provisions for renewal or continuation
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 payment of utilities, services, and other charges
9. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance, repairs, and property upkeep
10. Use of Property: Permitted use of the property and restrictions
11. Access and Inspection: Landlord's rights to access the property and inspection terms
12. Termination: Terms and process for termination by either party
13. Notice Requirements: Notice periods and procedures for various communications
14. Governing Law: Specification of Nigerian law and relevant state jurisdiction
15. Signing Page: Execution clause and signature blocks for all parties
1. Furniture and Fittings: Detailed section for furnished properties, listing included items and their condition
2. Subletting: Terms regarding subletting or assignment, if permitted
3. Pets: Rules and conditions regarding keeping pets on the property
4. Insurance: Requirements for tenant's contents insurance or other insurance obligations
5. Special Conditions: Any unique terms specific to the property or tenancy
6. Common Areas: Rules and access rights for shared facilities in multi-unit properties
7. Alterations: Terms regarding permitted and prohibited modifications to the property
8. Property Manager: Details and role of property manager if applicable
1. Schedule 1 - Property Inventory: Detailed list of all fixtures, fittings, and items included in the tenancy
2. Schedule 2 - Property Condition Report: Detailed description of the property's condition at the start of tenancy
3. Schedule 3 - House Rules: Specific rules and regulations for the property, especially relevant for multi-unit buildings
4. Schedule 4 - Utility Reading Records: Initial utility meter readings at the start of tenancy
5. Schedule 5 - Maintenance Schedule: Regular maintenance requirements and schedule if applicable
6. Appendix A - Payment Schedule: Detailed breakdown of rent, deposits, and other charges
7. Appendix B - Required Notices Format: Templates for various notices required under the agreement
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