RESIDENTIAL TENANCY AGREEMENT

THIS LEASE (the "Lease") dated this _____ day of _____________, 20____

IN CONSIDERATION of the Landlord leasing certain premises to the Tenant and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows:

1. Leased Property
   
1. The Landlord agrees to rent to the Tenant the house, municipally described as _____________________________________________ (the "Property"), for use as residential premises only.
   
2. No guests of the Tenant may occupy the Property for longer than one week without the prior written consent of the Landlord.
   
3. No pets or animals are allowed to be kept in or about the Property without the prior written permission of the Landlord. Upon thirty (30) days' notice, the Landlord may revoke any consent previously given pursuant to this clause.
   
4. The Tenant and members of Tenant's household will not smoke anywhere in the Property nor permit any guests or visitors to smoke in the Property.
   
5. The Property is provided to the Tenant without any furnishings or chattels.
   
6. Term
   
6. The term of the Lease is a periodic tenancy commencing at 12:00 noon on 8 November 2024 and continuing on a year-to-year basis until the Landlord or the Tenant terminates the tenancy (the "Term").
   
7. Rent
   
7. Subject to the provisions of this Lease, the rent for the Property is ₦___________ per month (the "Rent").
   
8. The Tenant will pay the Rent on or before the ____________________ of each and every month of the Term by cash or cheque to the Landlord at ______________________________ or at such other place as the Landlord may later designate.
   
9. The landlord may review the rent from time to time and may increase the rent in accordance with the applicable laws of  Republic. The landlord will provide the greater of __________ days' notice and the notice required by the applicable laws of  Republic to the Tenant to increase the rent.
   
10. Quiet Enjoyment
    
10. The Landlord covenants that on paying the Rent and performing the covenants contained in this Lease, the Tenant will peacefully and quietly have, hold, and enjoy the Property for the Term.
    
11. Tenant Improvements
    
11. The Tenant will obtain written permission from the Landlord before doing any of the following:
    
    1. applying adhesive materials, or inserting nails or hooks in walls or ceilings other than two small picture hooks per wall;
       
    2. painting, wallpapering, redecorating, or in any way significantly altering the appearance of the Property;
       
    3. removing or adding walls, or performing any structural alterations;
       
    4. installing a waterbed(s);
       
    5. changing the amount of power normally used on the Property as well as installing additional electrical wiring or fixtures;
       
    6. placing or exposing or allowing to be placed or exposed anywhere inside or outside the Property any placard, notice, or sign for advertising or any other purpose; or
       
    7. affixing to or erecting upon or near the Property any radio or TV antenna or tower.
       
12. The Tenant accepts this Lease and the rights it contains as the sole form of compensation for any improvements made to the Property.
    
13. Services and Facility Costs
    
13. The Tenant is responsible for the payment of all the Tenant's services in relation to the Property.
    
14. Insurance
    
14. The Tenant understands that the personal property of the Tenant is not insured by the Landlord for either damage or loss, and the Landlord assumes no liability for any such loss.
    
15. Governing Law
    
15. This Lease will be construed in accordance with and exclusively governed by the laws of  Republic.
    
16. Assignment and Subletting
    
16. Without the prior, express, and written consent of the Landlord, the Tenant will not assign this Lease, or sublet or grant any concession or licence to use the Property or any part of the Property. A consent by Landlord to one assignment, subletting, concession, or licence will not be deemed to be a consent to any subsequent assignment, subletting, concession, or licence. Any assignment, subletting, concession, or licence without the prior written consent of Landlord, or an assignment or subletting by operation of law, will be void and will, at Landlord's option, terminate this Lease. The Tenant will pay any fees or other charges from solicitors or letting agents as a result of the assignment, subletting, concession, or licence.
    
17. Damage to Property
    
17. If the Property should be damaged other than by the Tenant's negligence or wilful act or that of the Tenant's employee, family, agent, or visitor and the Landlord decides not to rebuild or repair the Property, the Landlord may end this Lease by giving appropriate notice.
    
18. Care and Use of Property
    
18. The Tenant will promptly notify the Landlord of any damage, or of any situation that may significantly interfere with the normal use of the Property or to any furnishings supplied by the Landlord.
    
19. The Tenant will not engage in any illegal trade or activity on or about the Property.
    
20. The Parties will comply with standards of health, sanitation, fire, housing, and safety as required by law.
    
21. If the Tenant is absent from the Property and the Property is unoccupied for a period of 4 consecutive days or longer, the Tenant will arrange for regular inspection by a competent person. The Landlord will be notified in advance as to the name, address, and phone number of the person doing the inspections.
    
22. At the expiration of the Term, the Tenant will quit and surrender the Property in as good a state and condition as at the commencement of this Lease, reasonable use and wear and tear excepted.
    
23. Prohibited Activities and Materials
    
23. The Tenant will not keep or have on the property any article or thing of a dangerous, flammable, or explosive character that might unreasonably increase the danger of fire on the Property or that might be considered hazardous by any responsible insurance company.
    
24. The Tenant will not perform any activity on the Property or have on the property any article or thing that the Landlord's insurance company considers increases any insured risk such that the insurance company denies coverage or increases the insurance premium.
    
25. The Tenant will not perform any activity on the Property that the Landlord feels significantly increases the use of electricity, water, sewer, or other services on the Property.
    
26. Rules and Regulations
    
26. The Tenant will obey all rules and regulations of the Landlord regarding the Property.
    
27. Address for Notice
    
27. For any matter relating to this tenancy, the Tenant may be contacted at the Property or through the phone number below. After this tenancy has been terminated, the contact information of the Tenant is:
    
    1. Name: _______________________
       
    2. Phone: _________________________
       
    3. Post termination notice address: ________________________________________________________
       
28. For any matter relating to this tenancy, whether during or after this tenancy has been terminated, the Landlord's address for notice is:
    
    1. Name: _____________________
       
    2. Address: ______________________________
       

       The contact information for the Landlord is:

    3. Phone:  _________________________
       
29. General Provisions
    
29. All monetary amounts stated or referred to in this Lease are based in the Nigerian Naira.
    
30. The Tenant will pay all costs related to stamping and registration for this Lease.
    
31. Any waiver by the Landlord of any failure by the Tenant to perform or observe the provisions of this Lease will not operate as a waiver of the Landlord's rights under this Lease in respect of any subsequent defaults, breaches, or non-performance and will not defeat or affect in any way the Landlord's rights in respect of any subsequent default or breach.
    
32. This Lease will extend to and be binding upon and inure to the benefit of the respective heirs, executors, administrators, successors, and assigns, as the case may be, of each Party. All covenants are to be construed as conditions of this Lease.
    
33. All sums payable by the Tenant to the Landlord pursuant to any provision of this Lease will be deemed to be additional rent and will be recovered by the Landlord as rental arrears.
    
34. Where there is more than one Tenant executing this Lease, all Tenants are jointly and severally liable for each other's acts, omissions, and liabilities pursuant to this Lease.
    
35. If there is a conflict between any provision of this Lease and the applicable laws of  Republic, those laws will prevail and such provisions of the Lease will be amended or deleted as necessary in order to comply with those laws. Further, any provisions that are required by those laws are incorporated into this Lease. The invalidity or unenforceability of any provisions of this Lease will not affect the validity or enforceability of any other provision of this Lease.
    
36. This Lease may only be amended or modified by a written document executed by the Parties.
    
37. Locks may not be added or changed without the prior written agreement of both Parties, or unless the changes are made in compliance with the applicable laws of  Republic.
    
38. Headings are inserted for the convenience of the Parties only and are not to be considered when interpreting this Lease. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.
    
39. This Lease and the Tenant's leasehold interest under this Lease are and will be subject, subordinate, and inferior to any liens or encumbrances now or hereafter placed on the Property by the Landlord, all advances made under any such liens or encumbrances, the interest payable on any such liens or encumbrances, and any and all renewals or extensions such liens or encumbrances.
    
40. This Lease may be executed in counterparts. Facsimile signatures are binding and are considered to be original signatures.
    
41. This Lease constitutes the entire agreement between the Parties. Any prior understanding or representation of any kind preceding the date of this Lease will not be binding on either Party except to the extent incorporated in this Lease.
    
42. During the last 30 days of this Lease, the Landlord or the Landlord's agents will have the privilege of displaying the usual 'For Sale' or 'For Rent' or 'Vacancy' signs on the Property.
    
43. Time is of the essence in this Lease.