The Agreement To End Tenancy is a critical document in Nigerian property law that provides a formal framework for terminating residential or commercial lease arrangements. It is typically used when both parties mutually agree to end a tenancy either before the original end date or at the natural conclusion of the lease term. The agreement must comply with Nigerian federal legislation, particularly the Recovery of Premises Act, as well as relevant state-specific tenancy laws. This document serves multiple purposes: it protects both parties' interests, clearly states the termination date and conditions, addresses security deposit handling, and outlines any final obligations or payments. It's essential for proper documentation in property management and can help prevent future disputes by clearly recording the agreed terms of the tenancy termination.
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1. Parties: Identification of the landlord and tenant(s), including full legal names, addresses, and contact details
2. Background: Brief context of the existing tenancy agreement, including property details and original tenancy start date
3. Definitions: Key terms used in the agreement defined for clarity and legal certainty
4. Termination Date: Specific date when the tenancy will end and the tenant will vacate the property
5. Confirmation of Mutual Agreement: Statement confirming both parties agree to terminate the tenancy early or on agreed terms
6. Property Condition and Inspection: Requirements for the condition in which the property must be returned and inspection arrangements
7. Return of Keys: Provisions regarding the return of all keys and access devices
8. Security Deposit: Terms for the return or deduction from the security deposit
9. Outstanding Payments: Provisions for settling any remaining rent, utilities, or other charges
10. Final Meter Readings: Requirements for recording utility meter readings and settling final bills
11. Governing Law: Specification that the agreement is governed by Nigerian law
12. Execution: Signature blocks and execution requirements for all parties
1. Forwarding Address: Section for tenant to provide their new address for future correspondence, particularly relevant for security deposit return
2. Early Termination Fee: Include when there is a agreed fee for ending the tenancy before its original end date
3. Release of Guarantor: Required when the original tenancy includes a guarantor who needs to be released from obligations
4. Surviving Tenants: Needed when one tenant is leaving but others are remaining in the property
5. Damage Settlement: Include when there are specific agreements about repair costs or damage compensation
6. Future Reference: Terms regarding the provision of landlord references for future tenancies
1. Schedule 1 - Property Inventory: Detailed list of property contents and their condition at the time of termination
2. Schedule 2 - Photographic Evidence: Photos documenting the property's condition at termination
3. Schedule 3 - Outstanding Payments Schedule: Detailed breakdown of any remaining payments or deductions
4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated
5. Appendix B - Property Inspection Report: Final inspection report detailing the condition of the property
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