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This 12 Month Tenancy Agreement is essential for formalizing residential and commercial property leases in Nigeria. The document serves as a comprehensive legal framework that protects both landlord and tenant interests while ensuring compliance with Nigerian federal and state property laws. It should be used whenever a fixed-term rental arrangement of 12 months is required, incorporating provisions for rent payment, property maintenance, security deposits, and other crucial terms. The agreement is particularly important in the Nigerian context, where property rights and tenant protections need careful documentation, and includes specific clauses addressing local requirements such as service charge arrangements and recovery of premises procedures. This template can be customized for various property types while maintaining compliance with relevant legislation including the Rent Control and Recovery of Residential Premises Act.

1. Parties: Identification and details of the landlord and tenant, including full names, addresses, and contact information

2. Background: Brief context of the agreement and property letting arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Full description and address of the rental property

5. Term and Commencement: Duration of tenancy and start date, specifying the 12-month period

6. Rent and Payment Terms: Rent amount, payment frequency, method of payment, and due dates

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

8. Utilities and Service Charges: Responsibility for utilities, service charges, and other ongoing costs

9. Tenant's Obligations: Complete list of tenant's responsibilities including maintenance, use of property, and conduct

10. Landlord's Obligations: Complete list of landlord's responsibilities including repairs, insurance, and property maintenance

11. Repairs and Maintenance: Specific provisions regarding property maintenance, repairs, and respective responsibilities

12. Use of Property: Permitted use of the property and any restrictions

13. Access and Inspection: Landlord's rights of access and inspection procedures

14. Insurance: Insurance requirements for both parties

15. Termination: Conditions and procedures for termination of the tenancy

16. Notices: Process for serving notices between parties

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