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The Private Land Lease Agreement is a crucial legal instrument used in Nigeria when one party (lessor) grants another party (lessee) the right to use and occupy land for a specified period in exchange for rent. This document is essential for both commercial and private land transactions in Nigeria, operating within the framework of the Land Use Act 1978 and state-specific land laws. It should be used whenever there is a need to formalize a land lease arrangement, whether for residential, commercial, agricultural, or industrial purposes. The agreement typically includes detailed provisions about the property, lease terms, financial obligations, use restrictions, maintenance responsibilities, and compliance requirements with local regulations. Its preparation requires careful consideration of both federal and state land laws, and the document must be properly stamped and registered with relevant authorities to be legally enforceable.

1. Parties: Identification and details of the Lessor and Lessee, including their full legal names, addresses, and any registration details for corporate entities

2. Background: Context of the lease arrangement, brief description of the property, and confirmation of the Lessor's authority to lease

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

4. Demise: The formal granting of the lease, specifying the property being leased

5. Term and Commencement: Duration of the lease and its start date

6. Rent and Payment Terms: Amount of rent, payment schedule, method of payment, and review mechanisms

7. Security Deposit: Details of any security deposit required, its maintenance and return conditions

8. Permitted Use: Specified purposes for which the property may be used

9. Lessee's Covenants: Primary obligations of the Lessee including maintenance, repairs, compliance with laws

10. Lessor's Covenants: Primary obligations of the Lessor including quiet enjoyment and structural repairs

11. Insurance: Insurance requirements for both parties

12. Assignment and Subletting: Conditions under which the property may be assigned or sublet

13. Termination: Circumstances under which the lease may be terminated and the process

14. Forfeiture: Conditions under which the Lessor may re-enter and forfeit the lease

15. Notices: How and where formal notices under the lease should be served

16. Governing Law: Confirmation of Nigerian law as governing law and jurisdiction