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The Lease For Residential Property agreement is a fundamental legal document used in Nigeria for establishing a formal landlord-tenant relationship in residential property rentals. It is designed to comply with Nigerian federal laws, including the Recovery of Premises Act and the Land Use Act, as well as state-specific tenancy regulations. This document is essential when renting out any residential property in Nigeria, whether it's an apartment, house, or other residential unit. It includes comprehensive provisions for rent payment, maintenance obligations, security deposits, utilities, and other key terms while incorporating specific requirements of Nigerian property law. The agreement provides legal protection for both landlord and tenant, ensuring clear understanding of rights and responsibilities while maintaining compliance with local legal requirements.

1. Parties: Identification of landlord/lessor and tenant/lessee with full legal names and addresses

2. Background: Brief context about the property and purpose of the lease

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Term and Commencement: Duration of the lease and start date

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

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

8. Utilities and Services: Responsibility for utilities, services, and associated charges

9. Tenant's Covenants: Tenant's obligations including maintenance, use of premises, and conduct

10. Landlord's Covenants: Landlord's obligations including repairs, insurance, and quiet enjoyment

11. Repair and Maintenance: Specific responsibilities for property maintenance and repairs

12. Prohibited Uses: Restrictions on property use and prohibited activities

13. Insurance: Insurance requirements for both parties

14. Termination: Conditions and procedures for ending the lease

15. Notices: Process for serving formal notices between parties

16. Governing Law: Specification of Nigerian law and relevant jurisdiction

17. Execution: Signature blocks and attestation