The Rolling Tenancy Agreement is a specialized legal document designed for use in the Nigerian property market where an ongoing, flexible tenancy arrangement is desired. This type of agreement is particularly useful when parties want to establish a tenancy that continues indefinitely after an initial fixed term, without the need for formal renewal. The document incorporates all essential elements required under Nigerian law, including compliance with federal legislation such as the Recovery of Premises Act and relevant state-specific tenancy laws. It provides comprehensive coverage of crucial aspects such as rent payments, maintenance obligations, utility responsibilities, and termination procedures, while offering the flexibility of automatic continuation. This agreement is commonly used in both residential and commercial contexts, providing security and clarity for both landlords and tenants while maintaining adaptability for changing circumstances.
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1. Parties: Identification and details of the landlord and tenant, including full legal names and addresses
2. Background: Brief context of the agreement and confirmation that the landlord owns/has right to lease the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Full description and address of the rental property
5. Term and Rolling Nature: Specification of initial term and explanation of the rolling tenancy mechanism
6. Rent: Rent amount, payment frequency, method of payment, and review mechanisms
7. Deposit: Details of security deposit, how it will be held, and conditions for return
8. Tenant Obligations: Comprehensive list of tenant's responsibilities and obligations
9. Landlord Obligations: Comprehensive list of landlord's responsibilities and obligations
10. Utilities and Outgoings: Responsibility for utilities, bills, and other charges
11. Maintenance and Repairs: Responsibilities for maintaining the property and conducting repairs
12. Notice Periods: Required notice periods for termination by either party
13. Termination Provisions: Grounds and procedures for termination of the tenancy
14. Governing Law: Confirmation that the agreement is governed by Nigerian law
1. Guarantor Provisions: Required when a guarantor is needed to secure the tenancy
2. Subletting Provisions: Include if subletting is to be permitted under specific conditions
3. Pet Provisions: Include if pets are allowed and specify related conditions
4. Break Clause: Include if early termination options are to be provided
5. Special Conditions: For any property-specific rules or requirements
6. Insurance Requirements: Include if specific insurance obligations are required of either party
7. Alternative Dispute Resolution: Include if specific dispute resolution procedures are preferred
1. Schedule 1 - Inventory: Detailed inventory of furniture, fixtures, and fittings provided with the property
2. Schedule 2 - Property Condition Report: Detailed description of the property's condition at the start of tenancy
3. Schedule 3 - House Rules: Specific rules and regulations for the property or building
4. Schedule 4 - Utility Agreements: Details of any specific utility arrangements or contracts
5. Appendix A - Prescribed Information: Required information about deposit protection and statutory rights
6. Appendix B - Photographs: Photographic evidence of property condition at commencement
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