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New Tenancy Agreement
"I need a New Tenancy Agreement for a three-bedroom residential property in Lagos, Nigeria, starting from March 1, 2025, with specific clauses for a no-pets policy and quarterly rent payments."
1. Parties: Identification and details of the landlord and tenant, including full names, addresses, and contact information
2. Background: Brief context about the property and the intention to create a tenancy
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the leased property, including address and boundaries
5. Term of Tenancy: Duration of the lease, including start date and end date
6. Rent: Rent amount, payment frequency, method of payment, and due dates
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Utilities and Services: Responsibility for utilities, services, and associated charges
9. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repairs
10. Tenant's Covenants: Tenant's obligations and promises under the agreement
11. Landlord's Covenants: Landlord's obligations and promises under the agreement
12. Termination: Conditions and procedures for terminating the tenancy
13. Notices: Process for serving notices between parties
14. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction
15. Execution: Signature blocks and attestation details
1. Sub-letting and Assignment: Include when sub-letting or assignment might be permitted under specific conditions
2. Insurance: Include for commercial properties or when specific insurance requirements are needed
3. Alterations and Improvements: Include when the tenant may be permitted to make changes to the property
4. Break Clause: Include when early termination options are to be provided
5. Guarantor Provisions: Include when a guarantor is required for the tenant's obligations
6. Special Conditions: Include when there are property-specific rules or requirements
7. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
8. Pet Clause: Include when pets are either permitted or prohibited
9. Business Use: Include for residential properties where home business use needs to be addressed
1. Schedule 1 - Property Inventory: Detailed list of fixtures, fittings, and contents included in the tenancy
2. Schedule 2 - Property Condition Report: Detailed description of the property's condition at the start of tenancy
3. Schedule 3 - House Rules: Specific rules and regulations for the property, particularly relevant for multi-unit buildings
4. Schedule 4 - Service Charges: Breakdown of any service charges and maintenance fees if applicable
5. Schedule 5 - Utility Meters: Initial meter readings and meter locations for utilities
6. Appendix A - Floor Plan: Floor plan or sketch of the property showing boundaries and included areas
7. Appendix B - Photographs: Photographic evidence of property condition at commencement of tenancy
Authors
Real Estate
Property Management
Residential Housing
Commercial Property
Legal Services
Property Development
Hospitality
Retail
Office Space Management
Student Housing
Legal
Real Estate
Property Management
Facilities
Operations
Compliance
Administration
Asset Management
Tenant Relations
Risk Management
Property Manager
Real Estate Agent
Legal Counsel
Property Administrator
Facilities Manager
Housing Officer
Leasing Manager
Estate Manager
Property Consultant
Real Estate Director
Legal Administrator
Compliance Officer
Tenant Relations Manager
Asset Manager
Building Superintendent
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