TENANCY AGREEMENT

THIS AGREEMENT is made this ……………….. day of ………………… 20………

BETWEEN Elder Ayinla Sojobi of Sojobi’s House, 2, Wao Street, Olosun Area, Ota Ogun
State of Nigeria (Hereinafter referred to as the “ Landlord” which expression where the contents
so admits shall include his heirs, assigns and legal personal representatives) of the ONE PART
AND
Prince Adeboye Adedire of Sojobi’s House, 2, Wao Street, Olosun Area, Ota Ogun State of
Nigeria (Hereinafter referred to as the “Tenant” which expression where the contents so admits
shall include his heirs, assigns and legal personal representatives) of the OTHER PART

1.00 WHEREAS:
1.01 That the Landlord let out an apartment within Sojobi’s House and/or premises, and the
Tenant agreed to rent same property situate, lying, and being at 2, Wao Street, Olosun
Area, Ota, Ogun State of Nigeria, subject to the terms and conditions herein contained in
this Tenancy Agreement.
1.02 That the consideration for the said rent is N10,000.00 (Ten Thousand Naira only) per
month with 1 (one) year accruable rent of N120,000.00 (One Hundred and Twenty
Thousand Naira only), N20,000.00 (Twenty Thousand Naira only) as Agreement Fee,
N30,000 (Thirty Thousand Naira only) as Agency Fee and N5,000 (Five Thousand Naira
only) as Caution Fee, making a cumulative total of N175,000.00 (One Hundred and
Seventy-Five Thousand Naira only) having been paid before the execution of this
Agreement (the receipt whereof the Landlord acknowledges).
1.03 That this Tenancy Agreement takes effect as from 1 st of December, 2010 to 30th November,
2011, that is, tenancy of 12-month duration. And that this Tenancy is concluded forthwith
at the end of November, 2011.
1.04 That the said Tenancy Agreement expires on the last day of November 2011 and where
not renewed and the rent has been in arrears for a maximum of seven (7) days whether
formally demanded or not becoming due and payable to it shall be lawful for the Landlord
or his agent at any time whether to re-enter upon the demised premise or any part thereof in
the name of the whole and thereon this tenancy shall absolutely determine upon the
Landlord or his agent giving to the Tenant 6 (six)-month notice of the Landlord’s intention
to recover possession of the premises prior to the expiration of the Tenancy Agreement

2.00 THE TENANT HEREBY COVENANTS AS FOLLOWS:

2.01 That the Tenant shall not sublet, assign or otherwise part with the possession of the
demised apartment to any other person, be it corporate or individual whatsoever, without
the prior consent of the Landlord in writing.
2.02 That any breach arising from (2.01) above shall result in eviction of the occupant without
any re-imbursement to the original Tenant and /or illegal occupant(s).
2.03 That the Tenant hereby agreed not to tamper with any structure of the apartment and/or
premises without seeking approval and/or consent of the Landlord in writing.
 2.04 That canopies shall not be erected on the outer space of the premises save for temporary
ceremony such as naming and birthday ceremonies in order to preserve its aesthetics
outlook without prior approval of the Landlord.
2.05 That the Tenant hereby agreed to contribute any such amount as may be agreed upon by
co-tenants for the maintenance of the premises and its facilities.
2.06 That for proper safety of lives and properties of Tenants within the premises, the Tenant
hereby agreed to liaise with co-tenants on chargeable fee for security guards and to pay
the agreed amount promptly.
2.07 That the Tenant shall indemnify the Landlord and co-tenants for acts of negligence and
sabotage such as fire outbreak with its resultant damage whatsoever where such a Tenant
was found culpable in this regard.
2.08 That the Tenant shall pay his/her electricity and water bills promptly as at when due.
Failure to do so shall lead to disconnection of such facilities within 3 (three)-month notice.
2.09 That the Tenant hereby agreed and shall not run beer parlour, pepper soup joint and/or
relaxation business of any form whatsoever within the premises.
2.10 At the expiration or sooner determination of the term hereby granted to yield up peaceably
and surrender to the Landlord/his agent the demised premises including the said fittings
and fixtures (but not the Tenant’s fittings) in such state of repair, condition order and
preservation, as should be in accordance with this Agreement;
2.11 Not to install radio, television aerial or any manner of receiving or broadcasting mast on
the roof or any part of the demised without the previous written consent of the Landlord
and to indemnify the Landlord in respect of any damage to the roof or other parts of the
demised premises caused directly or indirectly by such installation.
2.12 If the Tenant shall be desirous of taking a new Tenancy Agreement of the demised
premises after the expiration of the term hereby granted and of such desire shall deliver to
the Landlord NOTICE in writing not less than THREE MONTHS before the expiration
of the term granted if there shall be no subsisting breach of any of the Tenant’s obligations
or covenants under this present Tenancy Agreement, then the Landlord shall at a cost
grant to the Tenant a new Tenancy Agreement of the demised premises after the
expiration of the term hereby created subject to the same covenants and conditions as in
this present contained (rent exempted);
2.13 That seven (7)-day notice from the Landlord or his agent duly terminates the tenancy.
2.14 That this Agreement shall continue to be in force until any part of the Agreement is
changed and communicated to the Tenant.
2.15 That for the purpose of this Agreement, the Landlord is defined as the owner of the
apartment within the premises and a Tenant as the lawful occupier of the demised
apartment within the said premises.
2.16 That the Tenant shall comply with and obey all instructions, regulations of the sanitary
inspector of the state or local government and carry into effect all lawful orders, failure of
which the tenancy shall terminate.
3.00 THE LANDLORD HEREBY COVENANTS WITH THE TENANT AS FOLLOWS:
3.01 To keep the apartment structurally sound, windy and water tight and to keep the exterior
of the building and all additions thereto and all drains, soak away and septic tanks and
the boundary walls and fences thereof in good and tenantable repair and the exterior of
the building in a reasonable state of decorative repair and to put and keep the drive-
ways and path-ways on the said premises in good serviceable order and repair, and keep
the water pump in good conditions.
3.02 That the Tenant having paid the rent and performed the Agreement under this tenancy
shall quietly and peacefully enjoy the demised apartment within the premises during and
subsisting tenancy without any unlawful interruption form the landlord or any person
claiming or in trust for the Landlord.
3.03 That any dispute that arises among Tenants and/or Landlord might be settled or handled
amicably rather than the use of violence and/or legal action in resolving such structural
development within the premises i.e. to guide against private nuisance.

4.00 WHERE THE CONTEXT SO ADMITS:

4.01 The “Landlord” includes his successors in title, assigns, heirs and legal personal
representatives.
4.02 The “Tenant” means a lawful occupier of the demised apartment within Elder Sojobi’s
building and/or premises.

IN WITNESS WHEREOF the parties have hereunto set their hands and seal the day and year
first above written.

SIGNED, SEALED AND DELIVERED BY THE WITHIN NAMED

-------------------------------------- ----------------------------------------
Name/Signature of the Tenant Name/Signature of the Landlord

In presence of witness: In presence of witness:

Name & Signature -------------------------------- Name & Signature -----------------------

Address ------------------------------------------- Address -----------------------------------

Occupation --------------------------------------- Occupation -------------------------------

 RECEIPT/ACKNOWLEDGEMENT OF PAYMENT

I, Elder Ayinla Sojobi of Sojobi’s House, 2, Wao Street, Olosun Area, Ota Ogun State of
Nigeria, duly acknowledge the receipt of the sum of N175,000.00 (One Hundred and
Seventy-Five Thousand Naira only) including Agreement, Agency and Caution Fees,
all being full payment for a year tenancy agreement slated form 5th December, 2010 to 5th
November, 2011 from Prince Adeboye Adedire of Sojobi’s House, 2, Wao Street, Olosun
Area, Ota Ogun State of Nigeria

………………………… …………………… …………………..

NAME OF RECIPIENT SIGNATURE DATE
Elder Ayinla Sojobi