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1. Parties: Identification of the lessor/seller and lessee/buyer, including full legal names, addresses, and contact details
2. Background: Context of the agreement, including brief description of the property and intention to enter into a lease-to-own arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the land, including boundaries, measurements, and registration details
5. Lease Terms: Duration of lease period, rent amount, payment schedule, and maintenance responsibilities
6. Purchase Option Terms: Total purchase price, credit for lease payments, and conditions for exercising the purchase option
7. Payment Structure: Detailed breakdown of payment schedule, including initial deposit, monthly payments, and final purchase price calculations
8. Property Use and Restrictions: Permitted uses of the property during the lease period and any restrictions on modifications or development
9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the lease period
10. Insurance and Taxes: Requirements for property insurance and responsibility for property taxes
11. Default and Remedies: Consequences of default on payments or breach of agreement terms
12. Transfer of Title: Process and conditions for transferring property title upon completion of payments
13. Governing Law: Specification of Nigerian law and relevant state jurisdiction
14. Execution: Signature blocks and attestation requirements
1. Environmental Compliance: Required when the property has specific environmental considerations or restrictions
2. Development Rights: Included when the lessee is permitted to develop the land during the lease period
3. Agricultural Use Provisions: Required for agricultural land with specific farming or cultivation requirements
4. Third Party Rights: Needed when there are existing tenants or other third-party interests in the property
5. Early Purchase Option: Terms for early exercise of the purchase option before the scheduled end of the lease
6. Assignment and Subletting: Terms governing the lessee's right to assign or sublet the property during the lease period
7. Mineral Rights: Required when mineral rights are included or specifically excluded from the agreement
1. Schedule 1: Property Details: Detailed property description, including survey plans, coordinates, and land registration details
2. Schedule 2: Payment Schedule: Comprehensive payment schedule showing all payments, due dates, and allocation between lease and purchase
3. Schedule 3: Property Condition Report: Detailed assessment of property condition at the commencement of the lease
4. Schedule 4: Required Permits and Approvals: List of necessary governmental permits and approvals for property use or development
5. Appendix A: Property Photos and Plans: Visual documentation of the property, including photographs and architectural plans
6. Appendix B: Title Documents: Copies of relevant title documents and certificates
7. Appendix C: Environmental Reports: Any required environmental assessment reports or certificates
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