Lease Agreement Template [Nigeria]

Updated January 5, 2024

You need a no-nonsense guide to your Lease Agreement, right? Here it is. When you’re eyeing that prime space for your office – be it a single apartment or an entire building – grasp the essence of your Lease Agreement. It’s your formal arrangement, etching your rights and obligations in stone.

You’re the Lessee, eager to occupy and utilize the space. The Lessor, the property owner, is ready to hand over the keys. But it’s land or a fixed structure we’re talking about – nothing you can move.

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How to use this Lease Agreement

A business owner can use this agreement if he intends to lease an office space or shop or warehouse for use to carry out his business affairs. However, where the business owns a landed property and intends to lease it out for use, to diversify its investments,  this agreement can also be used. 

Get crystal-clear on this:

  • Your duties and what’s expected of the Lessor.

  • Lease duration. How long is yours?

  • Usage boundaries. What’s off-limits in the property?

  • Specifics that leave no room for doubt about what you’re leasing.

  • Rental fee. How much?

  • Payment method – keep an eye on the hows and whens.

  • Insurance details – whose wallet gets dented?

  • Start and end dates for the lease written in black and white.

  • Consequences of contract breaches.

Why bother? Because understanding your Lease Agreement inside and out safeguards your interests. Ensure you know what you’re signing up for – it’s about defining the line in the sand between you and the Lessor. Make every term count.

Other names for Lease Agreement

  • A Tenancy Agreement

Applicable Laws in Nigeria

The relevant laws or statues that make a Lease Agreement enforcement are as follows: 

  • Land Use Act
  • Tenancy Law of a State e.g. Tenancy Law of Lagos State, 2011. 

Other documents:

Deed of Gift

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A Deed of Gift is a legal document that formalizes the voluntary transfer of ownership or property from one party to another without any exchange of money. The parties are known as the DONOR (owner of the property) and the DONEE (beneficiary of the property).

Notice to Quit

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A Notice to Quit in Nigeria serves as a legal document essential for terminating a lease agreement or tenancy. This crucial service ensures that the client follows the proper legal procedures when ending a lease, providing a structured and lawful way to bring the tenancy to a close.

Commercial Lease Agreement

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Step into success with a lease that secures your future. As a landlord, showcase your property’s potential; as a tenant, anchor your aspirations in a space designed for ambition. This comprehensive agreement ensures: Crafted for corporate entities and individuals alike, this is your key to a partnership built on confidence in Nigeria’s dynamic market. Make…