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The Monthly Lease Agreement serves as a fundamental legal instrument in Nigerian property relationships, designed for situations requiring flexible, short-term property rental arrangements. This document type is particularly relevant in urban areas where month-to-month tenancies are common, such as Lagos, Abuja, and Port Harcourt. The agreement must comply with the Nigerian Recovery of Premises Act and state-specific tenancy laws, making it essential for both residential and commercial properties. It typically includes comprehensive provisions for rent payment, maintenance obligations, utility responsibilities, and termination procedures, while incorporating necessary protections for both landlord and tenant. The Monthly Lease Agreement is especially useful for temporary housing solutions, trial periods before long-term commitments, or situations requiring maximum flexibility in lease duration.

1. Parties: Identification and details of the landlord and tenant, including full legal 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 Description: Detailed description of the leased premises, including address and any included fixtures/fittings

5. Term and Commencement: Duration of the lease and start date, with specific provisions for monthly renewal

6. Rent and Payment Terms: Monthly rent amount, payment method, due date, and late payment consequences

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

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

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

10. Landlord's Obligations: Comprehensive list of landlord responsibilities including repairs and maintenance

11. Use of Premises: Permitted use of the property and any restrictions

12. Maintenance and Repairs: Detailed provisions for property maintenance and repair responsibilities

13. Access and Inspection: Landlord's rights to access the property and inspection terms

14. Termination: Conditions and process for terminating the lease, including notice periods

15. Governing Law: Specification that the agreement is governed by Nigerian law

16. Dispute Resolution: Process for resolving disputes between parties