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The Online Tenancy Agreement is designed for use in the Nigerian property market, where there is an increasing need for digitalized rental processes. This document serves as a legally binding contract between landlords and tenants, incorporating electronic execution capabilities while maintaining compliance with Nigerian property laws and digital transaction regulations. It is particularly useful for property owners, management companies, and real estate agents who want to streamline their rental processes through online platforms. The agreement includes comprehensive provisions for both residential and commercial properties, covering all essential aspects of the tenancy relationship including rent, maintenance, obligations, and dispute resolution mechanisms. It has been structured to comply with both federal laws and state-specific regulations where applicable.

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

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

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

4. Property Details: Detailed description of the rental property and its location

5. Term and Commencement: Duration of tenancy and start date

6. Rent and Payment Terms: Rent amount, payment schedule, and acceptable payment methods

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

8. Utilities and Services: Responsibility for utilities, services, and associated costs

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

10. Tenant Obligations: Key responsibilities and restrictions on tenant's use of property

11. Landlord Obligations: Key responsibilities of the landlord

12. Insurance: Required insurance coverage for both parties

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

14. Termination: Conditions and process for ending the tenancy

15. Electronic Execution: Provisions for online signing and legal validity

16. Governing Law: Specification of Nigerian law and jurisdiction

17. Notices: How formal communications between parties should be made

18. Entire Agreement: Confirmation that this document represents the complete agreement