The Short Form Lease Agreement is designed for use in the Nigerian real estate market where a streamlined, straightforward leasing arrangement is desired. This document is particularly suitable for uncomplicated lease transactions where the standard terms and conditions suffice without extensive special provisions. It complies with Nigerian property law, including the Recovery of Premises Act and relevant state-specific regulations, while maintaining brevity and clarity. The agreement is commonly used for residential properties, small commercial spaces, and straightforward business leases where complex provisions are unnecessary. It includes all essential elements required by Nigerian law for a valid lease while avoiding the complexity of a full-form lease agreement.

1. Parties: Identification of the landlord and tenant with their full legal names, addresses, and contact information

2. Background: Brief context of the lease arrangement and confirmation of the landlord's right to lease the property

3. Definitions: Key terms used throughout the agreement including 'Property', 'Term', 'Rent', and 'Security Deposit'

4. Demise: The formal grant of the lease, specifying the property being leased and the term of the lease

5. Rent and Payment Terms: Amount of rent, payment schedule, method of payment, and consequences of late payment

6. Security Deposit: Amount of security deposit, terms for holding it, and conditions for its return

7. Tenant's Obligations: Core responsibilities including maintenance, permitted use, and compliance with laws

8. Landlord's Obligations: Essential duties including maintaining structure, insurance, and providing quiet enjoyment

9. Termination: Conditions and process for ending the lease, including notice requirements

10. Governing Law: Specification that Nigerian law governs the agreement

11. Signatures: Execution block for all parties including witnesses as required under Nigerian law