������Ƶ

The Revocable License To Use Property is a crucial document in Nigerian property law practice, designed for situations where temporary property use rights need to be granted while maintaining the owner's ability to revoke such rights. This document type is commonly used in commercial, industrial, and residential contexts where flexibility in property arrangements is required. It's particularly relevant when permanent property rights transfer is not desired or appropriate, such as for temporary business operations, event venues, or shared facility arrangements. The agreement must comply with Nigerian property law, including the Land Use Act of 1978 and relevant state-specific regulations. It typically includes comprehensive details about the property, permitted uses, duration, fees, maintenance responsibilities, and termination provisions, while ensuring the arrangement doesn't inadvertently create a lease or other more permanent property right.

1. Parties: Identification of the Licensor (property owner) and Licensee (user), including full legal names, addresses, and any registration details for corporate entities

2. Background: Context of the license arrangement, brief description of the property, and purpose of the agreement

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Permitted Use', 'License Period', and 'License Fee'

4. Grant of License: Clear statement of the revocable license being granted, specifying its non-exclusive and non-transferable nature

5. Term and Termination: Duration of the license and specific conditions under which it can be revoked or terminated

6. License Fee: Amount payable for the license, payment terms, and consequences of non-payment

7. Permitted Use: Detailed description of how the Licensee is permitted to use the property, including any restrictions

8. Licensee's Obligations: Responsibilities of the Licensee including maintenance, compliance with laws, and conduct requirements

9. Licensor's Rights: Rights reserved by the Licensor, including right of entry and inspection

10. Insurance and Liability: Insurance requirements and allocation of risks between parties

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