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Residential Lease Agreement

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This is the period in which the owner of the property will be letting his or her property to another person. If the property will be rented for a period of 3 years or less click "The property will be rented to the lessee(s) for 3 years or less". If the property is rented for more than 3 years, click "The property will be rented to the lessee(s) for more than 3 years".

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RESIDENTIAL LEASE AGREEMENT

THIS LEASE AGREEMENT (hereinafter referred to as the "Agreement") is made on ________.

BETWEEN

________, of the following address:

________ (hereinafter referred to as the "Lessor").

AND

________, of the following address:

________ (hereinafter referred to as the "Lessee").

WHEREAS:

a. The Lessor is desirous of letting the Premises to the Lessee upon the terms and conditions as contained in this Agreement.

b. The Lessee is desirous of accepting the lease from the Lessor.

In consideration of the payment of the rent for the use of the demised property and the covenants contained herein, the receipt of which is hereby acknowledged, the Parties hereby agree as follows:


1. TERM OF LEASE

a. The Lessor agrees to lease the property described in this agreement together with all appurtenances for a term of for the following term:

________

b. Such term shall begin on ________ and ending on ________.


2. DEMISED PREMISES

The demised Premises consists of the following:

________

3. RENT

a. The sum of ₦________ (________) shall be payable every month.


4. PAYMENT OF TAXES, RATES AND OUTGOINGS

The Lessee shall pay all rates, taxes, charges etc. such as electricity bills, water bills, environmental sanitation fees and any other fees or outgoings which may fall due and payable now and subsequently in respect of the premises.


5. OBLIGATIONS OF THE LESSEE

The Lessee covenants with the Lessor as follows:

(I) to pay the reserved rent on the demised premises;

(II) to pay all service charge, taxes, rates, assessments, duties and outgoings chargeable now or hereinafter imposed for the use of the demised premises;

(III) to comply with all terms and conditions of this Agreement;

(IV) to respect the laws pertaining to the safety, sanitation, maintenance and habitability of the dwelling.

(V) to keep the Premises in good and sanitary condition;

(VI) not to destroy, damage any part of the premises;

(VII) not to alter or replace any locks on the demised premises without the prior consent of the Lessor;

(VIII) to deliver possession of the demised premises in a good state of repair, habitable and clean condition at the expiration of the lease.


6. OBLIGATIONS OF THE LESSOR

The Lessor covenants with the Lessee as follows:

(I) to pay the ground rent in respect of the demised premises;

(II) to deliver possession of the demised premises in a good state of repair, habitable and clean condition;

(III) that the demised premises is in good and habitable condition; and

(IV) to respect the laws pertaining to the safety, sanitation, maintenance and habitability of the dwelling.


7. USE OF PREMISES

The Premises shall be used for residential purposes only and no part of the premises shall be used for the purposes of carrying on any business, profession or trade of any kind.


8. QUIET ENJOYMENT

The Lessor agrees that if the Lessee has duly paid the said rent and observed all the terms, conditions and covenants contained in this Agreement, the Lessee shall, during the term of the lease, enjoy quiet and peaceful possession on the premises.


9. CONDITION OF THE PREMISES

The Lessee agrees that the premises is in good order, repair and condition and is located in a safe and clean environment.


10. ASSIGNMENT AND SUB-LETTING OF THE PREMISES

The Lessee undertakes not to let, sublet, short let or license the use of the Premises or any part thereof without obtaining prior consent of the Lessor.


11. ALTERATIONS AND IMPROVEMENT OF THE PREMISES

a. The Lessee shall not construct, alter, change or make any improvements in the building without obtaining prior consent of the Lessor.

b. If the Lessor approves any alteration, additions or improvements and the Lessee intends to use contractors to undertake such work, such contractors or persons must be approved by the Lessor.


12. MAINTENANCE AND REPAIR

a. The Lessee and other persons authorized by the Lessee shall at all times maintain and keep the Premises and appurtenances in good and sanitary condition and repair with reasonable wear and tear during the term of this Agreement and any renewal thereof.


13. MAINTENANCE OF ORDER

The Lessee agrees as follows:

(I) not to make or permit any loud or improper noises or otherwise cause nuisance to other residents; and

(II) not at any time during the said term, create or permit to be done in the said premises, any act which may constitute nuisance or annoyance to the occupiers of adjoining premises.


14. DAMAGE TO PREMISES

If any part of the Premise is damaged or destroyed by fire, earthquake or by any other natural cause, the lease shall terminate at the date of the destruction.


15. DANGEROUS MATERIALS

The Lessee shall not keep dangerous, inflammable or explosive materials on or around the Premises.


16. ANIMALS AND PETS

No Pets will be allowed within the premises.


17. INSPECTION OF THE PREMISES

The Lessor shall at all reasonable times during the term of this lease and any renewal thereof, enter the Premises for the purpose of inspecting the premises and /or making any repairs on the premises.


18. SURRENDER OF PREMISES

At the expiration of this lease, the Lessee shall quit and surrender the Premises in the same condition it was at the commencement of this lease with reasonable wear and tear.


19. TERMINATION

a. The Lessee may not terminate this Agreement prior to the date of the termination. If the Lessee vacates or abandons the Premises, the Lessee will still be responsible for the payment of the rent until the natural termination of this lease.

b. The Lessor may terminate this lease before the expiration of the lease upon the issuance of the following notice to the Lessee: ________.

c. When the lease is terminated in accordance to (b) above, the Lessee shall not be responsible to pay rent for the remaining period.


20. NON-DELIVERY OF POSSESSION

a. If the Lessor is unable to deliver possession of the Premises to the Lessee at the commencement of the lease due to no fault of the Lessor, the Lessor shall not be liable and the rent shall abate. The Lessor shall deliver possession within a reasonable time.

b. If the Premises is delivered within such time, the Lessee agrees to accept the demised Premises and pay the rent from the date the premises was delivered.


21. INDEMNITY

The Lessor shall not be liable for any damage or any injury to the Lessee or any other persons in the Premises. The Lessee agrees to indemnify the Lessor against losses, claims, liabilities, damages, including reasonable attorney's fees, if any for which the Lessor may suffer or incur in connection with the Lessee's possession, use or misuse of the Premises, except for the Lessor's negligence.

22. NO WAIVER

If the Lessor fails to enforce strict performance of any part of this Agreement, this shall not be construed as a waiver of the Lessor's right to enforce same.


23. BREACH OF CONTRACT

It is hereby agreed that if the Lessee breaches any provision of this Agreement, the lease shall cease and it shall be lawful for the Lessor to enter the premises upon the issuance of reasonable notice to the Lessee to take full possession and to eject the Lessee and all other persons found in the premises.


24. ABANDONMENT OF LEASE

If at any time during the term of the lease, the Lessee abandons the lease, the Lessor shall have the right to possess and let the demised premises. The Lessee will be liable to pay any outstanding rent and other payments which have become due and payable.


25. GOVERNING LAW

This Agreement shall be governed by the laws of the Federal Republic of Nigeria.


26. JURISDICTION

Both Parties agree that the Nigerian courts shall have the exclusive jurisdiction to settle any dispute or claim in connection with this contract.


27. 585585 828552585

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28. 8855855

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29. VARIATION

No part of this Agreement shall be varied or terminated unless such variation is agreed and signed by the Parties.


30. SEVERABILITY

If any part of this Agreement is held unenforceable for any reason, the remainder of this Agreement shall continue to be in force and have effect.


31. COUNTERPARTS

This Agreement may be executed in several counterparts, all of which constitutes a single agreement between the Parties.


IN WITNESS WHEREOF
the Parties hereto have executed this Agreement this day and year first written above.



SIGNED

by the within named ________




___________________________________


in the presence of:


Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................



SIGNED

by the within named ________




___________________________________


in the presence of:


Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................

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RESIDENTIAL LEASE AGREEMENT

THIS LEASE AGREEMENT (hereinafter referred to as the "Agreement") is made on ________.

BETWEEN

________, of the following address:

________ (hereinafter referred to as the "Lessor").

AND

________, of the following address:

________ (hereinafter referred to as the "Lessee").

WHEREAS:

a. The Lessor is desirous of letting the Premises to the Lessee upon the terms and conditions as contained in this Agreement.

b. The Lessee is desirous of accepting the lease from the Lessor.

In consideration of the payment of the rent for the use of the demised property and the covenants contained herein, the receipt of which is hereby acknowledged, the Parties hereby agree as follows:


1. TERM OF LEASE

a. The Lessor agrees to lease the property described in this agreement together with all appurtenances for a term of for the following term:

________

b. Such term shall begin on ________ and ending on ________.


2. DEMISED PREMISES

The demised Premises consists of the following:

________

3. RENT

a. The sum of ₦________ (________) shall be payable every month.


4. PAYMENT OF TAXES, RATES AND OUTGOINGS

The Lessee shall pay all rates, taxes, charges etc. such as electricity bills, water bills, environmental sanitation fees and any other fees or outgoings which may fall due and payable now and subsequently in respect of the premises.


5. OBLIGATIONS OF THE LESSEE

The Lessee covenants with the Lessor as follows:

(I) to pay the reserved rent on the demised premises;

(II) to pay all service charge, taxes, rates, assessments, duties and outgoings chargeable now or hereinafter imposed for the use of the demised premises;

(III) to comply with all terms and conditions of this Agreement;

(IV) to respect the laws pertaining to the safety, sanitation, maintenance and habitability of the dwelling.

(V) to keep the Premises in good and sanitary condition;

(VI) not to destroy, damage any part of the premises;

(VII) not to alter or replace any locks on the demised premises without the prior consent of the Lessor;

(VIII) to deliver possession of the demised premises in a good state of repair, habitable and clean condition at the expiration of the lease.


6. OBLIGATIONS OF THE LESSOR

The Lessor covenants with the Lessee as follows:

(I) to pay the ground rent in respect of the demised premises;

(II) to deliver possession of the demised premises in a good state of repair, habitable and clean condition;

(III) that the demised premises is in good and habitable condition; and

(IV) to respect the laws pertaining to the safety, sanitation, maintenance and habitability of the dwelling.


7. USE OF PREMISES

The Premises shall be used for residential purposes only and no part of the premises shall be used for the purposes of carrying on any business, profession or trade of any kind.


8. QUIET ENJOYMENT

The Lessor agrees that if the Lessee has duly paid the said rent and observed all the terms, conditions and covenants contained in this Agreement, the Lessee shall, during the term of the lease, enjoy quiet and peaceful possession on the premises.


9. CONDITION OF THE PREMISES

The Lessee agrees that the premises is in good order, repair and condition and is located in a safe and clean environment.


10. ASSIGNMENT AND SUB-LETTING OF THE PREMISES

The Lessee undertakes not to let, sublet, short let or license the use of the Premises or any part thereof without obtaining prior consent of the Lessor.


11. ALTERATIONS AND IMPROVEMENT OF THE PREMISES

a. The Lessee shall not construct, alter, change or make any improvements in the building without obtaining prior consent of the Lessor.

b. If the Lessor approves any alteration, additions or improvements and the Lessee intends to use contractors to undertake such work, such contractors or persons must be approved by the Lessor.


12. MAINTENANCE AND REPAIR

a. The Lessee and other persons authorized by the Lessee shall at all times maintain and keep the Premises and appurtenances in good and sanitary condition and repair with reasonable wear and tear during the term of this Agreement and any renewal thereof.


13. MAINTENANCE OF ORDER

The Lessee agrees as follows:

(I) not to make or permit any loud or improper noises or otherwise cause nuisance to other residents; and

(II) not at any time during the said term, create or permit to be done in the said premises, any act which may constitute nuisance or annoyance to the occupiers of adjoining premises.


14. DAMAGE TO PREMISES

If any part of the Premise is damaged or destroyed by fire, earthquake or by any other natural cause, the lease shall terminate at the date of the destruction.


15. DANGEROUS MATERIALS

The Lessee shall not keep dangerous, inflammable or explosive materials on or around the Premises.


16. ANIMALS AND PETS

No Pets will be allowed within the premises.


17. INSPECTION OF THE PREMISES

The Lessor shall at all reasonable times during the term of this lease and any renewal thereof, enter the Premises for the purpose of inspecting the premises and /or making any repairs on the premises.


18. SURRENDER OF PREMISES

At the expiration of this lease, the Lessee shall quit and surrender the Premises in the same condition it was at the commencement of this lease with reasonable wear and tear.


19. TERMINATION

a. The Lessee may not terminate this Agreement prior to the date of the termination. If the Lessee vacates or abandons the Premises, the Lessee will still be responsible for the payment of the rent until the natural termination of this lease.

b. The Lessor may terminate this lease before the expiration of the lease upon the issuance of the following notice to the Lessee: ________.

c. When the lease is terminated in accordance to (b) above, the Lessee shall not be responsible to pay rent for the remaining period.


20. NON-DELIVERY OF POSSESSION

a. If the Lessor is unable to deliver possession of the Premises to the Lessee at the commencement of the lease due to no fault of the Lessor, the Lessor shall not be liable and the rent shall abate. The Lessor shall deliver possession within a reasonable time.

b. If the Premises is delivered within such time, the Lessee agrees to accept the demised Premises and pay the rent from the date the premises was delivered.


21. INDEMNITY

The Lessor shall not be liable for any damage or any injury to the Lessee or any other persons in the Premises. The Lessee agrees to indemnify the Lessor against losses, claims, liabilities, damages, including reasonable attorney's fees, if any for which the Lessor may suffer or incur in connection with the Lessee's possession, use or misuse of the Premises, except for the Lessor's negligence.

22. NO WAIVER

If the Lessor fails to enforce strict performance of any part of this Agreement, this shall not be construed as a waiver of the Lessor's right to enforce same.


23. BREACH OF CONTRACT

It is hereby agreed that if the Lessee breaches any provision of this Agreement, the lease shall cease and it shall be lawful for the Lessor to enter the premises upon the issuance of reasonable notice to the Lessee to take full possession and to eject the Lessee and all other persons found in the premises.


24. ABANDONMENT OF LEASE

If at any time during the term of the lease, the Lessee abandons the lease, the Lessor shall have the right to possess and let the demised premises. The Lessee will be liable to pay any outstanding rent and other payments which have become due and payable.


25. GOVERNING LAW

This Agreement shall be governed by the laws of the Federal Republic of Nigeria.


26. JURISDICTION

Both Parties agree that the Nigerian courts shall have the exclusive jurisdiction to settle any dispute or claim in connection with this contract.


27. 585585 828552585

5588 825222222 525 522 22525 52852222 52225525 22 82 2588 525222222, 82282825228 252 222852 525222222 8228222 252 2552828 525 852258252 522 25825 8582222 25 2558 525222222 2552 8228222 2522.


28. 8855855

888 2228828 52525 2588 82225582 2582 82 82 8582822. 552 2228828 2582 82 528882525 2258225882 25 258825 82 5 825282825 2588 22 252 22525 25522 52 252 5555288 8582222 82 2588 82225582 25 2552 25522'8 52225222.


29. VARIATION

No part of this Agreement shall be varied or terminated unless such variation is agreed and signed by the Parties.


30. SEVERABILITY

If any part of this Agreement is held unenforceable for any reason, the remainder of this Agreement shall continue to be in force and have effect.


31. COUNTERPARTS

This Agreement may be executed in several counterparts, all of which constitutes a single agreement between the Parties.


IN WITNESS WHEREOF
the Parties hereto have executed this Agreement this day and year first written above.



SIGNED

by the within named ________




___________________________________


in the presence of:


Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................



SIGNED

by the within named ________




___________________________________


in the presence of:


Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................