Short Term Rental Management Agreement Template for Nigeria

A Short Term Rental Management Agreement is a legally binding contract that allows property owners in Nigeria to delegate the management of their short-term rental properties to professional management companies. This document establishes clear responsibilities, financial arrangements, and operational procedures while ensuring compliance with Nigerian property laws and regulations.

When do you need this document?

You need this agreement when you own residential or commercial property that you want to rent out on a short-term basis through platforms like Airbnb, booking sites, or direct bookings, but lack the time or expertise to manage it yourself. This is particularly common for property owners who live abroad, own multiple properties, or have demanding careers that prevent hands-on management. The document is also essential when you want to ensure professional standards in guest services, property maintenance, and revenue optimization for your short-term rental business. Many property owners in Lagos, Abuja, and other major Nigerian cities use these agreements to maximize their rental income while maintaining property standards.

Key legal considerations

The agreement must clearly define the scope of the management company's authority, including guest screening, pricing decisions, maintenance responsibilities, and financial management. Key clauses should address commission structures, expense reimbursements, insurance requirements, and liability allocation between parties. You should pay special attention to termination clauses, dispute resolution mechanisms, and compliance with local licensing requirements for short-term rentals. The contract must specify which party handles guest complaints, property damage claims, and regulatory compliance issues. Additionally, ensure the agreement addresses data protection requirements under Nigerian law, particularly regarding guest information handling and financial record keeping.

Legal requirements in Nigeria

Under Nigerian law, the agreement must comply with the Companies and Allied Matters Act (CAMA) 2020, which governs agency relationships between property owners and management companies. The management company must be properly registered and licensed under the Estate Agents and Property Developers Registration Act to legally provide property management services. In Lagos State, additional compliance with the Lagos State Tenancy Law 2011 is required for short-term rental operations. The contract must be executed with proper witnessing and notarization to ensure enforceability under Nigerian Contract Law. Both parties should maintain compliance with local government licensing requirements for short-term rental operations, tax obligations, and any applicable zoning restrictions that may affect property use for vacation rentals.