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The Apartment Rental Lease agreement is a fundamental legal document used in Nigerian residential property transactions to establish a formal landlord-tenant relationship. This document is essential when leasing residential apartments in Nigeria, whether for private individuals or corporate housing purposes. It must comply with federal legislation such as the Recovery of Premises Act and relevant state-specific tenancy laws. The agreement typically includes detailed terms about rent payments, security deposits, maintenance obligations, and termination conditions, while also incorporating specific requirements of Nigerian property law such as witness signatures and proper stamping. The document serves both as a legal protection mechanism and a clear guide for the ongoing landlord-tenant relationship throughout the lease period. An Apartment Rental Lease is particularly important in the Nigerian context where property rights and tenant protections need to be clearly documented and legally enforceable.

1. Parties: Identification and details of the landlord/lessor and tenant/lessee, including full legal names, addresses, and contact information

2. Background: Brief context about the property and the parties' intention to enter into a lease agreement

3. Definitions: Clear definitions of key terms used throughout the agreement, including 'Premises', 'Term', 'Rent', 'Security Deposit', etc.

4. Property Details: Specific description of the leased premises, including address, size, and included facilities

5. Term and Commencement: Duration of the lease, start date, and end date, including any renewal options

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

7. Security Deposit: Amount, payment terms, conditions for return, and permissible deductions

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

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

10. Use of Premises: Permitted use of the property, occupancy limits, and restrictions

11. Tenant Obligations: General responsibilities and conduct requirements for the tenant

12. Landlord Obligations: General responsibilities and obligations of the landlord

13. Insurance: Required insurance coverage for both parties

14. Default and Remedies: Consequences of breach and available remedies for both parties

15. Termination: Conditions and procedures for lease termination by either party

16. Notices: Method and addresses for official communications between parties

17. Governing Law: Specification of Nigerian law and relevant state jurisdiction

18. Signature Page: Space for parties to execute the agreement with witnesses