Document background
The License Agreement For Use Of Real Property is a crucial document in Nigerian property transactions, particularly where full leasehold or ownership transfer is not desired or appropriate. This agreement type is commonly used when a property owner wishes to grant another party the right to use their property for a specific purpose while retaining underlying ownership and control. The document must comply with the Nigerian Land Use Act 1978 and relevant state property laws, making it essential for temporary or specific-use arrangements. It typically includes detailed provisions about property usage, duration, fees, maintenance responsibilities, and termination rights. This agreement type is particularly relevant in commercial contexts where flexible property arrangements are needed, such as pop-up retail spaces, temporary industrial uses, or shared facility arrangements. The document provides legal protection for both parties while ensuring compliance with local property regulations and registration requirements.
