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The Post Occupancy Agreement is essential in Nigerian real estate transactions where the seller needs to temporarily remain in the property after the sale closes. This arrangement might be necessary due to construction delays at the seller's new property, school year considerations, or other personal circumstances. The agreement typically includes detailed terms about occupancy duration, fees, maintenance responsibilities, insurance requirements, and property condition expectations. It must comply with Nigerian federal property laws, including the Land Use Act, as well as relevant state-specific property regulations. This document helps prevent disputes by clearly defining the rights and obligations of both parties during this transitional period, while ensuring the new owner's interests are protected and the former owner has secure temporary accommodation.

1. Parties: Identification of the new property owner (Purchaser) and the occupant (Seller/Previous Owner)

2. Background: Context of the property sale and reason for post-occupancy arrangement

3. Definitions: Key terms used throughout the agreement including Property, Occupancy Period, Occupancy Fee, etc.

4. Term of Occupancy: Specific duration of the post-occupancy period, including start and end dates

5. Occupancy Fee: Amount payable for the continued occupation, payment terms and method

6. Security Deposit: Details of any security deposit required, terms of holding and return

7. Utilities and Maintenance: Responsibility for utility payments and property maintenance during occupancy

8. Insurance and Liability: Insurance requirements and allocation of liability during the occupancy period

9. Property Condition: Standards for maintaining the property and requirements for final condition

10. Access Rights: New owner's rights to access the property during occupancy

11. Termination: Circumstances and process for early termination of the agreement

12. Governing Law: Specification of Nigerian law as governing law and jurisdiction

13. Entire Agreement: Standard clause confirming this document as the complete agreement between parties