TENANCY AGREEMENT

BETWEEN

MRS. MEG IROZURU

AND

PROPOSED TENANT

Prepared by:
Theophilus Obodo & Co
Solicitors & Advocates
Suite C147, Road 2, Ikota
Shopping Complex, Victoria
Garden City (VGC) Ajah, Lekki Lagos
Tel: 08038094137, 08050937904
www.theoobodoattorneys.com
Email: info@theoobodoattorneys.com
Email: theoobodo@gmail.com

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THIS TENANCY AGREEMENT is made the ------- day of ----- 2022
BETWEEN

MRS. MEG IROZURU of PLOT 26 OROKE STREET NEW ALAGUNTAN VILLAGE,

IKOTA, ETIOSA LGA Lagos. (hereinafter referred to as the
“LANDLADY”)which expression shall where the context so admits
include her successors –in-title and assigns of the first part.

AND

PROPOSED TENANT of ------------------------------------------

lagos. (hereinafter referred to as the “TENANT”) which
expression shall where the context so admits include his/her
successors-in-title and assigns of the other part.

1. WHEREAS:

(a) The LANDLADY is the owner of Four (4) Units of three

(3) bedroom apartments and One (1) Unit of Mini Flat
together with all appurtenances thereto situate,
lying and being at PLOT 26 OROKE STREET NEW
ALAGUNTAN VILLAGE, IKOTA, ETIOSA LGA
lagos(hereinafter referred to as “the demised
premises”).
(b) The Tenant has indicated his/her desire to take a
tenancy of the demised premises in line with the
terms and conditions stated herein.
(c) The LANDLADY has agreed to let the demised premises
to the Tenant on the terms and conditions
hereinafter appearing.

2. NOW THIS AGREEMENT WITNESSETH AS FOLLOWS: -

In pursuance of the agreement between the parties and

in consideration of the rent and the terms and
conditions hereinafter appearing on the part of the
Tenant to be observed, the LANDLADY hereby DEMISES UNTO
the Tenant the demised premises, NAMELY A UNIT OF THREE
(3) BEDROOM APARTMENT together with all appurtenances
thereto for a term of one (1) year certain commencing
on the -------- day of ---------- 2022 and expiring on
the ------------- day of ---------- 2023 (The Term)
YIELDING and PAYING therefore during the said term the
yearly rent of N1,400,000,00(One Million Four Hundred
and Thousand Naira Only)(UPPER FLAT)total sum
representing rent in advance for one (1) year (receipt
of which sums the LANDLADY hereby acknowledges.

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3. THE TENANT COVENANTS AS FOLLOWS:

(a) To pay the rent, a service charge of N120,000(One

Hundred and Twenty Thousand Naira Only)and a
refundable caution deposit of N100,000.00(One
Hundred Thousand Naira Only) in the manner set out
in this Agreement whether formally demanded or not.
The service charge will cover LAWMA charges
including waste collection fees and payments for the
security man. The service charge is subject to
review depending on the economic circumstances.

(b) To pay the maintenance bills if any to the

management of the property In accordance with any
established rules and regulation guiding the
management of the property and the Estate.

(c) To permit the LANDLADY and/or its agents or workmen

during the subsistence of this Tenancy and at all
reasonable hours in the day time upon giving not less
than forty eighty (48) hours notice in writing to the
Tenant to enter into the demised premises and to carry
out such works thereon as may, in accordance with this
agreement, on the LANDLADY’s part be required to be
effected.

(d) To pay all water, township, security and any

development charges levied by the Federal, State or
Local Government throughout the duration of the tenancy
and to furnish the LANDLADY with the evidence of all
such payments made at the end of every quarter within
every year of the tenancy.

(e) Not to assign, sublet, underlet and increase the number

of occupant in the apartment unnecessarily or otherwise
part with the possession of the demised premises or any
part thereof without the prior written consent of the
LANDLADY, such consent not to be unreasonably withheld
in the case of a respectable tenant.

(f) Not to do anything or permit anything to be done on the

demised premises as a result of which the subsisting
Insurance Policy of the LANDLADY over the entire
demised premises and its contents shall be rendered
void, voidable or become subject to any substantial

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 increase in the premium payable for the maintenance of
the Insurance Policy.

(g) To keep the interior of the Demised Premises and the

fittings and fixtures therein in good and tenantable
condition, fair wear and tear generally excepted and to
deliver up the same in good and tenantable condition
upon the expiration of the tenancy.

(h) To pay for the electricity, water and other public

utilities consumed on the Demised Premises by the
Tenant throughout the duration of the tenancy.

(i) Not to erect on the roof or install any communication

mast, or radio or television aerials (to the exclusion
of T.V. antennas and Satellite Dishes) in or about the
Demised Premises without the previous consent of the
LANDLADY in writing, such consent not to be
unreasonably withheld.

(j) To use the Demised Premises only for residential and

other lawful purposes. Not to spread cloths on the
pavements of the verandas. All cooking gas cylinders
must be positioned at the designated place only.

(k) Not to carry out or make any structural alterations,

additions or conversion to the Demised Premises without
the previous consent of the LANDLADY in writing such
consent not to be unreasonably withheld; provided that
such consent shall not be required for the purposes of
renovating, repairing, refurbishing and or redecorating
the demised premises.

(l) Not to bring unto the premises or do or permit to be

done on the demised premises dangerous activities or
anything that may constitute a nuisance or cause damage
and/or inconvenience to its neighbors.

(m) During the last month of the tenancy, to permit an

intending tenant, if accompanied by the LANDLADY or her
Agent, to inspect the demised premises at reasonable
hours of the day, provided that the Tenant shall have
been given a written Notice of such intended inspection
at least 48 hours prior to the inspection.
(n) Not to use or permit the demised premises or any part
thereof to be used for any illegal purposes and to
comply with all lawful regulations or Local Government

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 Authority Bye-Laws affecting the occupation of the
demised premises.

(o) Upon the expiration or sooner determination of the

tenancy, to return the Demised Premises to the same
condition in which it was let to the TENANT, fair wear
and tear generally excepted, and to indemnify the
LANDLADY for any loss resulting from any breach of this
covenant.

(p) To agree with other tenants or the manager of the

property on the needed arrangements in empting the
septic tanks and suck away when it is full including
the evacuation of refuse dumps. All tenants must obtain
a standard waste disposal drum. No tenant shall be
allowed to use the gateman as an errand boy to the
detriment of his duties and responsibilities to others.

(q) To agree with other tenants or the manager of the

premises in arranging for the cleaning of the premises
either on a rotational basis or by agreeing to jointly
hire and pay an independent cleaner.

(r) If any of the forgoing covenants or conditions is

breached or contravened by the tenant, the tenancy
shall be determined forthwith and the requirement for
the necessary notice to quit shall be issued.

(s) All tenants occupying a unit of (3) three bedroom

apartment shall be entitled to park only one car inside
the premises.

(t) To keep your generators only in a designated place not

even in your veranda.

4. The LANDLADY hereby covenants as follows: -

(a) To be responsible for payment of ground rent and any

outstanding or accumulated utilities charges incurred
on the demised premises prior to the commencement of
the tenancy and to indemnify the tenant against any
breach of this provision.

(b) To keep the external structure of the Building

including the roof and ceilings structurally sound,
wind and water tight, and all additions thereto

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 including the boundary walls, walkways and fences in
good tenantable repair and condition.

(c) That the Tenant having paid the rent and observed and
performed the several covenants on its part shall
peaceably hold and enjoy the Demised Premises for the
purposes for which they are let without any
interruption by the LANDLADY or any person rightfully
claiming through or in trust for him.

(d) That upon determination of the tenancy hereby

created, the tenant may and upon the request of the
LANDLADY shall remove its own fittings (if any) from
the Building and in so doing restore the Apartments
to their original state at the time of the
commencement of the tenancy.

5. IT IS HEREBY AGREED AND DECLARED THAT

(a) If the TENANT shall be desirous of renewing the tenancy

of the Demised Premises at the expiration of the
current term hereby granted, it shall deliver to the
LANDLADY or her Agent notice in writing, not less than
3 (three) months before the expiration of the term
hereby granted, then the LANDLADY shall grant the
TENANT a tenancy of the Demised Premises for a further
term of one (1) year on the same terms and conditions
(except the option to renew) at a rent to be agreed
between the parties. In the event of an extension of
the tenancy in terms of this clause, then this Tenancy
Agreement shall automatically endure for the period of
extension granted by the LANDLADY, subject only to a
review and mutual agreement on the rent payable.

(b) Any disputes arising between the parties in respect of

their rights, duties and obligations under this
Agreement which is not amicably resolved between the
parties within twenty one (21) days of the written
declaration of the dispute by either of the parties
shall be referred to arbitration to be presided over by
a single Arbitrator appointed in accordance with the
provisions of the Arbitration and Conciliation Act, Cap
19, Laws of the Federation of Nigeria, 1990, or any
amendments or reenactments thereof.

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(c) A waiver by any party of its rights under this
Agreement shall not be construed as an abandonment of
same or operate as an Estoppel to prevent such party
from exercising such or any other right on a subsequent
occasion.

(d) The time within which any party to this agreement is

required to perform any act shall be extended if a
default or failure in the performance of the act is
caused by Unavoidable Delay due to act of God, fire
windstorm, flood explosion, collapse of a physical
structure riot, war labor dispute, restriction by the
government or its agency restriction by the courts or
other authorities, or by any other cause beyond the
reasonable control of such party.
The party entitled to the extension of time in this
clause 5 shall;

(1) Notify the other party promptly of the occurrence of

the Unavoidable Delay

(2) Use its best endeavors to abate the Unavoidable Delay,

as far as possible, and

(3) Perform the act delayed immediately after abatement of

the Unavoidable delay, unless the other party shall
have instructed it not to perform same, or the act
delayed is in the opinion of both parties no longer
necessary given changed circumstances. It shall be the
duty of the delaying party to confirm from the other
the necessity or otherwise of performance of the
delayed act immediately after the abatement of the
cause of the Unavoidable delay.

6 This Agreement constitutes the full and complete

understanding between the parties in relation to the
subject matter hereof and supersedes all negotiations,
understandings and agreements with respect thereto and
may not be altered except by a formal instrument in
writing signed by both parties, which states that it is
an amendment to this Agreement.

7 The invalidity or illegality of any of the provisions

of this agreement shall not affect the validity of the
remaining provisions thereof, which shall remain in
force while the illegal provisions shall be deemed
severed here from.

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 8 This Agreement shall be governed and construed
according to the laws of The Federal Republic of
Nigeria.

9 Any notice or communication required to be delivered

under this Agreement shall be in writing and shall be
deemed sufficiently delivered if hand delivered or sent
by courier to the party to whom it is addressed in the
case of the LANDLADY at her address set out below:

In the case of the LANDLADY to:

MRS. MEG IROZURU
PLOT 26 OROKE STREET NEW ALAGUNTAN VILLAGE, IKOTA, ETIOSA LGA
Lagos.

AND

In the case of the Tenant to:

PROPOSED TENANT
Address ----------------------------------------------------------------------

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IN WITNESS whereof the parties have caused their hands and
seals to be hereunto affixed in the day and year first above
written.

Executed by the within named LANDLADY,

MRS. MEG IROZURU ------------------------

IN THE PRESENCE OF:

Name of Witness: ------------------------------------------

Address: --------------------------------------------------

Occupation: -----------------------------------------------

Signature: ------------------------------------------------

Executed by the within named Tenant,

PROPOSED TENANT ---------------------------

IN THE PRESENCE OF:

Name of Witness:-------------------------------------------

Address: --------------------------------------------------

Occupation: -----------------------------------------------

Signature: ------------------------------------------------