The Simple Lease Agreement is a fundamental legal document used in Nigeria for establishing rental arrangements between property owners and tenants. This document is essential for both residential and commercial property rentals, providing a clear framework for the landlord-tenant relationship. It incorporates key provisions required under Nigerian federal and state property laws, including the Land Use Act 1978 and various state-specific tenancy laws. The agreement covers crucial aspects such as rent payments, security deposits, maintenance responsibilities, and termination conditions. It's designed to be straightforward while still offering adequate legal protection for all parties involved. This document is particularly useful for standard rental arrangements where complex commercial terms are not required, making it suitable for residential properties and simple commercial leases.

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and contact details

2. Background: Brief context about the property and the parties' intention to enter into a lease agreement

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

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

5. Term and Renewal: Duration of the lease, start date, end date, and any renewal options

6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment penalties

7. Security Deposit: Amount, payment terms, conditions for return, and permitted deductions

8. Utilities and Services: Responsibility for utilities, services, and related payments

9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

10. Use of Property: Permitted use of the property and any restrictions

11. Landlord's Covenants: Obligations and promises of the landlord

12. Tenant's Covenants: Obligations and promises of the tenant

13. Termination: Conditions and process for early termination of the lease

14. Notice Requirements: Process and requirements for serving notices under the agreement

15. Governing Law: Specification of Nigerian law as the governing law

16. Execution: Signature blocks and execution details