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Early Termination Of Lease Agreement By Landlord

Early Termination Of Lease Agreement By Landlord Template for Nigeria

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Key Requirements PROMPT example:

Early Termination Of Lease Agreement By Landlord

"I need an Early Termination of Lease Agreement by Landlord for my residential property in Lagos, Nigeria, as I plan to commence major renovation works starting March 2025; the current tenant has a lease that was supposed to run until December 2025."

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Document background
The Early Termination of Lease Agreement by Landlord is a crucial legal document used in Nigerian property law when a landlord needs to end a lease agreement before its scheduled expiration. This document becomes necessary in various situations, such as property sale, major renovations, or tenant breaches of the original lease terms. It must comply with the Recovery of Premises Act and state-specific tenancy laws, which vary across Nigerian states. The agreement includes essential elements such as notice periods, grounds for termination, property handover requirements, and financial settlement terms. It's particularly important in both commercial and residential contexts, requiring careful attention to legal requirements and proper documentation to ensure enforceability in Nigerian courts.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant, including full legal names, addresses, and contact information

2. Background: Brief recital of the existing lease agreement details, including original lease date, property address, and current lease term

3. Definitions: Key terms used throughout the agreement including 'Premises', 'Original Lease', 'Termination Date', and 'Notice Period'

4. Grounds for Termination: Specific legal basis for early termination under Nigerian law, citing relevant sections of applicable legislation

5. Notice of Termination: Formal declaration of termination, including the effective date and notice period in accordance with Nigerian law

6. Termination Date: Clear specification of the date when the lease will terminate and the premises must be vacated

7. Tenant Obligations: Requirements for the tenant regarding property condition, final inspection, and return of keys

8. Security Deposit: Provisions for the handling and return of the security deposit, including deductions if applicable

9. Final Settlement: Details of final rent calculation, pro-rata refunds, and settlement of utilities

10. Governing Law: Specification that the agreement is governed by Nigerian law and relevant state legislation

11. Signatures: Execution section for both parties, including witness requirements under Nigerian law

Optional Sections

1. Property Damage Provisions: Include when there is existing property damage that needs to be addressed before termination

2. Breach of Lease Terms: Include when termination is due to tenant's violation of lease terms

3. Renovation/Demolition Clause: Include when termination is due to planned major renovations or demolition

4. Alternative Accommodation: Include if landlord is offering assistance in finding alternative accommodation

5. Legal Proceedings: Include if there are ongoing or pending legal proceedings related to the tenancy

6. Force Majeure: Include when termination is related to unforeseen circumstances or events beyond parties' control

7. Mediation/Dispute Resolution: Include when parties wish to specify alternative dispute resolution methods

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property including photographs and current condition

2. Schedule B - Original Lease Agreement: Copy of the original lease agreement being terminated

3. Schedule C - Inspection Report: Current property inspection report documenting condition before termination

4. Schedule D - Outstanding Payments: Detailed breakdown of any outstanding rent, utilities, or other charges

5. Schedule E - Handover Checklist: List of items to be checked during final property handover

6. Appendix 1 - Legal Notices: Copies of all formal notices issued regarding the termination

7. Appendix 2 - Supporting Documentation: Any additional documentation supporting the grounds for termination

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses



























Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Retail

Hospitality

Office Space

Industrial Property

Mixed-use Development

Legal Services

Relevant Teams

Legal

Property Management

Real Estate

Compliance

Operations

Asset Management

Facilities Management

Administrative Services

Risk Management

Document Control

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Property Lawyer

Lease Administrator

Asset Manager

Facility Manager

Real Estate Agent

Property Administrator

Compliance Officer

Real Estate Director

Housing Officer

Estate Manager

Tenancy Relations Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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