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The Online Lease Agreement serves as a modern solution for property rental transactions in Nigeria, addressing the growing need for digital contract execution while maintaining legal compliance. This document is specifically designed for landlords and tenants who wish to conclude lease agreements electronically, incorporating provisions that satisfy both the traditional requirements of Nigerian property law and contemporary digital transaction regulations. The agreement is suitable for both residential and commercial properties, including specific clauses that address electronic signatures, online payment methods, and digital communications. It ensures compliance with key Nigerian legislation including the Tenancy Law, Cybercrimes Act, and Data Protection Regulation, while providing a secure and efficient platform for creating legally binding lease relationships.

1. Parties: Identification of landlord and tenant with full legal names, addresses, and contact details

2. Background: Context of the agreement and brief description of the property being leased

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 and Commencement: Duration of the lease and start date

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

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

8. Utilities and Services: Responsibility for utility payments and service charges

9. Maintenance and Repairs: Responsibilities of landlord and tenant for property maintenance

10. Use of Property: Permitted uses of the property and restrictions

11. Tenant's Obligations: Complete list of tenant's responsibilities and commitments

12. Landlord's Obligations: Complete list of landlord's responsibilities and commitments

13. Insurance: Required insurance coverage and responsibilities

14. Default and Remedies: Consequences of breach and available remedies

15. Termination: Conditions and procedures for ending the lease

16. Electronic Communications: Terms governing electronic notices and communications

17. Digital Execution: Provisions for electronic signature and online acceptance

18. Governing Law: Specification of Nigerian law as governing law and jurisdiction