The License To Occupy Residential Property is commonly used in Nigeria when there is a need to grant temporary occupation rights without creating a formal tenancy agreement. This arrangement is particularly useful for corporate housing, short-term accommodations, or situations where flexibility in termination is required. The document complies with Nigerian property law, including the Land Use Act and state-specific regulations, while providing a clear framework for temporary occupation. It typically includes detailed terms regarding property use, payment terms, maintenance responsibilities, and termination rights, offering a more flexible alternative to traditional lease agreements. This type of agreement is especially relevant in urban areas like Lagos, Abuja, and Port Harcourt, where temporary accommodation arrangements are common in the corporate and private sectors.
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1. Parties: Identification of the Licensor and Licensee with full legal names and addresses
2. Background: Context of the agreement and confirmation that this is a license to occupy, not a lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Express grant of license to occupy the Property, specifying its temporary and non-exclusive nature
5. Property Description: Detailed description of the licensed property and any shared facilities
6. Duration: Term of the license, including start and end dates
7. License Fee: Amount payable, payment schedule, and method of payment
8. Utilities and Services: Responsibility for utilities, services, and associated charges
9. Licensee's Obligations: Key responsibilities including maintenance, permitted use, and conduct requirements
10. Licensor's Obligations: Responsibilities of the licensor including maintenance of structure and services
11. Restrictions on Use: Specific limitations on how the property may be used
12. Termination: Circumstances under which the license may be terminated by either party
13. Access and Inspection: Licensor's rights to enter and inspect the property
14. Notices: Process for serving formal notices between parties
15. Governing Law: Confirmation that Nigerian law governs the agreement
1. Security Deposit: Terms for security deposit if required - use when licensor requires deposit protection
2. Insurance: Insurance requirements - include when specific insurance coverage is required from licensee
3. Furniture and Fittings: List of provided furnishings - include for furnished properties only
4. Alterations: Rules regarding property modifications - include for properties where alterations might be requested
5. Sublicensing: Prohibition or permission of sublicensing - include when clarity on this issue is particularly important
6. Special Conditions: Any unique requirements or conditions - include when property has specific usage rules
7. Force Majeure: Provisions for unforeseen circumstances - include in longer-term licenses
8. Dispute Resolution: Specific procedures for resolving disputes - include when alternative dispute resolution is preferred
1. Schedule 1 - Property Details: Detailed description of property including floor plan and boundaries
2. Schedule 2 - Inventory: Comprehensive list of furniture, fixtures, and fittings if furnished
3. Schedule 3 - House Rules: Specific rules and regulations for the property and any shared facilities
4. Schedule 4 - Service Charges: Breakdown of any service charges and included utilities
5. Appendix A - Property Photos: Photographic evidence of property condition at commencement
6. Appendix B - Utility Reading Forms: Forms for recording utility readings at start and end of occupation
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