Of course. Here is a comprehensive and detailed Agency Agreement drafted for your specific requirements.\n\n***\n\n### **EXCLUSIVE AGENCY AND PROPERTY MANAGEMENT AGREEMENT**\n\n**THIS AGREEMENT** is made this ________ day of ____________________, 20____ (the “Effective Date”).\n\n**BETWEEN:**\n\n**THE LANDLORD:**\n[Your Full Name]\nAddress: [Your Address]\nPhone: [Your Phone Number]\nEmail: [Your Email Address]\n(Hereinafter referred to as the “Principal”)\n\n**AND**\n\n**THE AGENT:**\n[Agent’s Full Name/Company Name]\nAddress: [Agent’s Address]\nPhone: [Agent’s Phone Number]\nEmail: [Agent’s Email Address]\nRC Number/BN Number: [If Applicable]\n(Hereinafter referred to as the “Agent”)\n\n**WHEREAS** the Principal is the legal and beneficial owner of the property known as:\n**No. 13 Bankole Fagboun Street, Haruna Ifako, Lagos State, Nigeria** (the “Property”), which comprises seven (7) residential units.\n\n**WHEREAS** the Principal desires to appoint the Agent exclusively to lease and manage the Property on the terms and conditions contained herein.\n\n**NOW THEREFORE** in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:\n\n---\n\n**1.0 APPOINTMENT AND AUTHORITY**\nThe Principal hereby appoints the Agent as its **exclusive** letting and management agent for the Property for the term of this Agreement. The Agent accepts the appointment and agrees to perform the services diligently and in accordance with this Agreement.\n\n**2.0 TERM**\nThis Agreement shall commence on the Effective Date and shall remain in full force and effect for a period of **one (1) year**, unless terminated earlier as provided herein. This Agreement may be renewed thereafter only by a written instrument executed by the Principal.\n\n**3.0 THE PRINCIPAL’S REPRESENTATIVE**\nThe Principal designates **Mr. Olawaseun Quadri (also known as Meskere)** as his authorized representative and intermediary (the “Landlord Representative”).\n\n3.1 The Agent **must** contact and seek the prior written or verbal consent (to be confirmed in writing via SMS or email) of the Landlord Representative **before**:\n a) Carrying out any physical activity, repair, or alteration within the compound.\n b) Making any significant decision concerning the Property or the tenants.\n c) Executing any lease or tenancy agreement on behalf of the Principal.\n d) Initiating any legal action against a tenant.\n\n3.2 The Landlord Representative shall have the general authority to oversee the Property at all times and serve as the primary point of contact for the Agent.\n\n3.3 The Agent and the Landlord Representative covenant to work cooperatively and in good faith for the successful management and upkeep of the Property.\n\n**4.0 AGENT’S OBLIGATIONS AND DUTIES**\nThe Agent shall:\n\n4.1 **Marketing and Leasing:**\n a) Advertise and market the 7 units for lease using appropriate channels.\n b) Conduct viewings for prospective tenants.\n c) Vet and conduct due diligence on all prospective tenants (including background checks, employment verification, and guarantor requests).\n d) Prepare and execute Tenancy/Lease Agreements on behalf of the Principal, incorporating all necessary terms to protect the Principal’s interest.\n\n4.2 **Rent Collection:**\n a) Ensure all tenants pay their rents, utilities, service charges, levies, and other dues **as and when due**.\n b) Issue official receipts for all payments received.\n c) Maintain a detailed and transparent register of all income and expenditures.\n\n4.3 **Financial Management:**\n a) Collect all rents and deposits, which shall be held in a designated account.\n b) Remit the net proceeds (after deducting agreed commissions and authorized expenses) to the Principal on or before the 5th day of every month, accompanied by a detailed statement of account.\n c) Provide the Principal and the Landlord Representative with a monthly income and expenditure report.\n\n4.4 **Property Inspection and Maintenance:**\n a) **Jointly with the Landlord Representative**, conduct a comprehensive inspection of each occupied and vacant unit **every quarter** to assess its condition and identify any need for repairs or maintenance, as stipulated in the lease agreements.\n b) Schedule and supervise necessary repairs and maintenance, after obtaining prior approval from the Landlord Representative for any expenditure exceeding a sum of [e.g., N10,000].\n c) Ensure the common areas of the Property are kept clean and secure.\n\n4.5 **Tenant Relations:**\n a) Act as the first point of contact for tenant complaints and emergencies.\n b) Ensure tenant compliance with the terms of their lease agreements and house rules.\n\n**5.0 COMMISSION AND FEES**\n5.1 **Letting Commission:** The Agent shall be entitled to a letting fee equivalent to [e.g., 10%] of the total annual rent for each new tenant introduced and for each renewal negotiated by the Agent.\n\n5.2 **Management Commission:** The Agent shall be entitled to a monthly management commission of [e.g., 5%] of the gross rent collected for the month.\n\n5.3 **The above commissions are inclusive of all applicable taxes (e.g., VAT).**\n\n**6.0 LANDLORD’S OBLIGATIONS**\nThe Principal shall:\n a) Provide all necessary documentation to prove ownership of the Property.\n b) Provide funds for approved major repairs and capital expenditures in a timely manner.\n c) Indemnify the Agent against any claims arising from latent defects in the Property or any dispute over title.\n\n**7.0 DISPUTE RESOLUTION**\nIn the event of any dispute between the Agent and a tenant, the Agent shall inform the Landlord Representative immediately. Both parties shall consult in good faith to resolve the matter amicably before resorting to legal action.\n\n**8.0 TERMINATION**\n8.1 This Agreement may be terminated by either party by giving **one (1) month’s** written notice to the other party.\n\n8.2 Either party may terminate this Agreement immediately if the other party:\n a) Commits a material breach of this Agreement and fails to remedy it within 14 days of receiving a written notice.\n b) Becomes insolvent, bankrupt, or goes into liquidation.\n\n8.3 Upon termination, the Agent shall:\n a) Provide a final statement of account to the Principal.\n b) Hand over all original documents, keys, tenant lists, lease agreements, and financial records pertaining to the Property to the Principal or the Landlord Representative.\n c) Facilitate a smooth handover to the Principal or a new agent.\n\n**9.0 CONFIDENTIALITY**\nBoth parties agree to keep the terms of this Agreement and any information regarding the Principal’s affairs confidential.\n\n**10.0 GOVERNING LAW**\nThis Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria.\n\n**11.0 ENTIRE AGREEMENT**\nThis document constitutes the entire agreement between the parties and supersedes all prior discussions, representations, and agreements.\n\n**IN WITNESS WHEREOF**, the parties have executed this Agreement as of the date first above written.\n\n**SIGNED BY THE LANDLORD (PRINCIPAL):**\n\n_______________________________________\n**Name:** [Your Full Name]\n**Signature:**\n\n**SIGNED BY THE AGENT:**\n\n_______________________________________\n**Name:** [Agent’s Name/Representative’s Name]\n**For and on behalf of:** [Agent’s Company Name]\n**Signature:**\n\n**WITNESSED BY (LANDLORD REPRESENTATIVE):**\n\n_______________________________________\n**Name:** Olawaseun Quadri (Meskere)\n**Signature:**\n\n---\n\n### **IMPORTANT NOTES BEFORE YOU USE THIS AGREEMENT:**\n\n1. **Fill in the Blanks:** Complete all sections in square brackets `[ ]` with the correct details.\n2. **Commission Rates:** I have inserted placeholder commission rates (10% for letting, 5% for management). These are common in Lagos but are **negotiable**. You must agree on these percentages with your Agent and insert the final agreed figures.\n3. **Approval Threshold:** I included a clause requiring approval for expenses over a certain amount (e.g., N10,000). You should set this threshold based on your level of trust and the agent's discretion.\n4. **Review:** It is highly advisable for both parties to read and understand every clause before signing.\n5. **Legal Advice:** For absolute certainty and to ensure your interests are fully protected under Nigerian law, consider having a lawyer review the final version. This template is a strong starting point but is provided for informational purposes and does not constitute formal legal advice.\n\nThis comprehensive agreement clearly outlines the roles of the Agent, the crucial intermediary role of Mr. Quadri, and the financial and maintenance responsibilities, providing a solid foundation for a successful business relationship.

Of course. Based on your new, more detailed instructions, here is a comprehensive and revised Agency Agreement.\n\n***\n\n### **EXCLUSIVE LETTING AGENCY AGREEMENT**\n\n**THIS AGREEMENT** is made this ________ day of ____________________, 20____ (the “Effective Date”).\n\n**BETWEEN:**\n\n**THE LANDLORD:**\n[Your Full Name]\nAddress: [Your Address]\nPhone: [Your Phone Number]\nEmail: [Your Email Address]\n(Hereinafter referred to as the “Principal”)\n\n**AND**\n\n**THE AGENT:**\n[Agent’s Full Name/Company Name]\nAddress: [Agent’s Address]\nPhone: [Agent’s Phone Number]\nEmail: [Agent’s Email Address]\nRC Number/BN Number: [If Applicable]\n(Hereinafter referred to as the “Agent”)\n\n**WHEREAS** the Principal is the legal and beneficial owner of the property known as:\n**No. 13 Bankole Fagboun Street, Haruna Ifako, Lagos State, Nigeria** (the “Property”), which comprises seven (7) residential units.\n\n**WHEREAS** the Principal desires to appoint the Agent exclusively to let and manage the leasing process for the Property on the terms and conditions contained herein.\n\n**NOW THEREFORE** in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:\n\n---\n\n**1.0 APPOINTMENT AND AUTHORITY**\nThe Principal hereby appoints the Agent as its **exclusive** letting agent for the Property for the term of this Agreement. The Agent accepts the appointment and agrees to perform the services diligently and in accordance with this Agreement.\n\n**2.0 TERM**\nThis Agreement shall commence on the Effective Date and shall remain in full force and effect for a period of **one (1) year**, unless terminated earlier as provided herein. This Agreement may be renewed thereafter only by a written instrument executed by the Principal.\n\n**3.0 THE PRINCIPAL’S REPRESENTATIVE**\n3.1 The Principal designates **Mr. Olawaseun Quadri (also known as Meskere)** as his authorized representative and intermediary (the “Landlord Representative”).\n3.2 The Landlord Representative shall have the general authority to oversee the Property at all times and serve as the primary point of contact for the Agent.\n3.3 The Agent and the Landlord Representative covenant to work cooperatively and in good faith for the successful management and upkeep of the Property.\n\n**4.0 AGENT’S OBLIGATIONS AND DUTIES**\nThe Agent shall:\n\n4.1 **Marketing and Tenant Sourcing:**\n a) Advertise and market the 7 units for lease using appropriate channels.\n b) Conduct initial viewings for prospective tenants.\n c) **Vet and conduct rigorous due diligence on all prospective tenants.** This must include verifying a stable and visible means of income. Preference shall be given to corporate tenants or individuals with verifiable employment and guarantors.\n d) **Present all potential tenants to the Landlord or Landlord Representative for a final interview and approval.**\n e) The Agent **shall not** proceed with any tenancy or collect any funds without the **prior written approval** of the Principal or Landlord Representative.\n\n4.2 **Lease Execution:**\n a) Prepare Tenancy/Lease Agreements on behalf of the Principal, incorporating all necessary terms to protect the Principal’s interest.\n b) Ensure the executed agreement is signed by the tenant and a copy is provided to the Principal and Landlord Representative.\n\n4.3 **Rent Collection and Payment Procedure:**\n a) **The Agent shall NOT collect rent, utilities, service charges, levies, or any other dues from tenants.**\n b) The Agent's sole responsibility is to **ensure that tenants pay all monies owed directly into the Landlord's designated bank account, as provided in the lease agreement, as and when due.**\n c) The Agent shall follow up with tenants to ensure prompt payment and issue reminders for overdue payments.\n\n4.4 **Property Inspection:**\n a) **Jointly with the Landlord Representative**, conduct a comprehensive inspection of each occupied and vacant unit **every quarter** to assess its condition and ensure compliance with the lease agreement.\n b) Report any issues or necessary repairs identified during inspections immediately to the Landlord Representative.\n\n4.5 **Communication:**\n a) The Agent **must** contact and seek the prior written or verbal consent (to be confirmed in writing via SMS or email) of the Landlord Representative **before**:\n i. Carrying out any physical activity, repair, or alteration within the compound.\n ii. Making any significant decision concerning the Property or the tenants.\n iii. Initiating any legal or disciplinary action against a tenant.\n\n**5.0 COMMISSION AND FEES**\n5.1 **Letting Commission:** The Agent shall be entitled to a letting fee equivalent to [e.g., 10%] of the total annual rent for each new tenant introduced and for each renewal negotiated by the Agent. This commission is payable only upon successful signing of a lease agreement with a tenant approved by the Principal.\n\n5.2 **The above commission is inclusive of all applicable taxes (e.g., VAT).** The Agent shall issue an invoice for this commission, which shall be paid by the Principal from the rent received.\n\n**6.0 LANDLORD’S OBLIGATIONS**\nThe Principal shall:\n a) Provide all necessary documentation to prove ownership of the Property.\n b) Make the final decision on all tenant applications presented by the Agent.\n c) Provide tenants with details of the designated bank account for all rental payments.\n d) Handle all major repairs and capital expenditures as reported by the Agent and Landlord Representative.\n\n**7.0 FINANCIAL PROTOCOL**\n7.1 **Under no circumstances shall the Agent receive or hold rent payments, security deposits, or any other tenant funds.**\n7.2 All financial transactions must flow directly from the tenant to the Principal's bank account.\n7.3 The Agent shall maintain a detailed register of all leases, payment due dates, and payment statuses, which shall be shared with the Principal and Landlord Representative monthly.\n\n**8.0 DISPUTE RESOLUTION**\nIn the event of any dispute between the Agent and a tenant, the Agent shall inform the Landlord Representative immediately. Both parties shall consult in good faith to resolve the matter amicably.\n\n**9.0 TERMINATION**\n9.1 This Agreement may be terminated by either party by giving **one (1) month’s** written notice to the other party.\n9.2 Either party may terminate this Agreement immediately if the other party commits a material breach of this Agreement and fails to remedy it within 14 days of receiving a written notice.\n9.3 Upon termination, the Agent shall immediately hand over all documents, keys, and records pertaining to the Property to the Landlord Representative.\n\n**10.0 CONFIDENTIALITY**\nBoth parties agree to keep the terms of this Agreement and any information regarding the Principal’s affairs confidential.\n\n**11.0 GOVERNING LAW**\nThis Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria.\n\n**12.0 ENTIRE AGREEMENT**\nThis document constitutes the entire agreement between the parties and supersedes all prior discussions, representations, and agreements.\n\n**IN WITNESS WHEREOF**, the parties have executed this Agreement as of the date first above written.\n\n**SIGNED BY THE LANDLORD (PRINCIPAL):**\n\n_______________________________________\n**Name:** [Your Full Name]\n**Signature:**\n\n**SIGNED BY THE AGENT:**\n\n_______________________________________\n**Name:** [Agent’s Name/Representative’s Name]\n**For and on behalf of:** [Agent’s Company Name]\n**Signature:**\n\n**WITNESSED BY (LANDLORD REPRESENTATIVE):**\n\n_______________________________________\n**Name:** Olawaseun Quadri (Meskere)\n**Signature:**\n\n---\n\n### **KEY CHANGES AND NOTES FROM YOUR INSTRUCTIONS:**\n\n1. **Payment Flow:** The agreement now explicitly states that the Agent **must not** collect any rent or funds. All payments must go directly from the tenant to your account. This is a crucial change from a standard agreement and protects you fully.\n2. **Tenant Approval:** A clear process is outlined: Agent finds tenant -> Agent vets tenant -> You/Mr. Quadri interview and give **final approval** -> Agent can then proceed. The Agent cannot act without your green light.\n3. **Tenant Profile:** The requirement for \"visible means of income\" and a preference for \"corporate tenants\" is explicitly written into the Agent's duties (Clause 4.1c).\n4. **Agent's Commission:** The agent's role is now primarily for *letting* (finding and vetting tenants). Therefore, the management commission has been removed. They only get a one-time fee upon successful placement of an approved tenant. The percentage ([e.g., 10%]) is for you to negotiate and insert.\n5. **Clarity on Authority:** The clauses reinforcing the need to contact Mr. Quadri before any action are strengthened and listed clearly.\n\n**Before Use:**\n* Fill in all bracketed `[ ]` information.\n* Negotiate and insert the agreed commission percentage.\n* All parties should read and understand the document thoroughly before signing.\n* For absolute legal certainty, consulting a Nigerian lawyer to review this customized agreement is highly recommended.

Of course. Here is a comprehensive and detailed Exclusive Letting Agency Agreement tailored to your specific instructions.\n\n---\n\n### **EXCLUSIVE LETTING AGENCY AGREEMENT**\n\n**THIS AGREEMENT** is made on this ________ day of ____________________, 20____ (the “Effective Date”).\n\n**BETWEEN:**\n\n**THE LANDLORD:**\n[Your Full Name]\nAddress: [Your Address]\nPhone: [Your Phone Number]\nEmail: [Your Email Address]\n(Hereinafter referred to as the “Principal”)\n\n**AND**\n\n**THE AGENT:**\n[Agent’s Full Name/Company Name]\nAddress: [Agent’s Address]\nPhone: [Agent’s Phone Number]\nEmail: [Agent’s Email Address]\nRC Number/BN Number: [If Applicable]\n(Hereinafter referred to as the “Agent”)\n\n**WHEREAS** the Principal is the legal and beneficial owner of the property known as:\n**No. 13 Bankole Fagboun Street, Haruna Ifako, Lagos State, Nigeria** (the “Property”), which comprises seven (7) residential units (the \"Units\").\n\n**WHEREAS** the Principal desires to appoint the Agent exclusively to let the Units and manage the leasing process on the terms and conditions contained herein.\n\n**NOW THEREFORE** in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:\n\n---\n\n**1.0 APPOINTMENT AND AUTHORITY**\nThe Principal hereby appoints the Agent as its **exclusive** letting agent for the Property for the term of this Agreement. The Agent accepts the appointment and agrees to perform the services diligently and in accordance with this Agreement.\n\n**2.0 TERM**\nThis Agreement shall commence on the Effective Date and shall remain in full force and effect for a period of **one (1) year**, unless terminated earlier as provided herein. This Agreement may be renewed thereafter only by a written instrument executed by the Principal.\n\n**3.0 THE PRINCIPAL’S REPRESENTATIVE**\n3.1 The Principal designates **Mr. Olawaseun Quadri (also known as Meskere)** as his authorized representative and intermediary (the “Landlord Representative”).\n3.2 The Landlord Representative shall have the general authority to oversee the Property at all times and serve as the primary point of contact for the Agent.\n3.3 The Agent and the Landlord Representative covenant to work cooperatively and in good faith for the successful management and upkeep of the Property.\n\n**4.0 AGENT’S OBLIGATIONS AND DUTIES**\nThe Agent shall:\n\n4.1 **Marketing and Tenant Sourcing:**\n a) Advertise and market the 7 Units for lease using appropriate channels.\n b) Conduct initial viewings for prospective tenants.\n c) **Vet and conduct rigorous due diligence on all prospective tenants.** This must include verifying a stable and visible means of income. Preference shall be given to corporate tenants or individuals with verifiable employment and guarantors.\n d) **Present all potential tenants to the Landlord or Landlord Representative for a final interview and approval.**\n e) The Agent **shall not** proceed with any tenancy or collect any funds without the **prior written approval** of the Principal or Landlord Representative.\n\n4.2 **Lease Execution:**\n a) Prepare Tenancy/Lease Agreements on behalf of the Principal, incorporating all necessary terms to protect the Principal’s interest.\n b) Ensure the executed agreement is signed by the tenant and a copy is provided to the Principal and Landlord Representative.\n\n4.3 **Rent and Dues Collection Procedure:**\n a) **The Agent shall NOT collect rent, utilities, service charges, levies, or any other dues from tenants.**\n b) The Agent's sole responsibility is to **ensure that tenants pay all monies owed directly into the Landlord's designated bank account, as provided in the lease agreement, as and when due.**\n c) The Agent shall diligently follow up with tenants to ensure prompt payment and issue reminders for overdue payments.\n\n4.4 **Property Inspection:**\n a) **Jointly with the Landlord Representative**, conduct a comprehensive inspection of each occupied and vacant Unit **every quarter** to assess its condition and ensure compliance with the lease agreement.\n b) Prepare and sign a joint inspection report with the Landlord Representative after each inspection.\n c) Report any issues or necessary repairs identified during inspections immediately to the Landlord Representative.\n\n4.5 **Communication and Authority:**\n a) The Agent **must** contact and seek the prior written or verbal consent (to be confirmed in writing via SMS or email) of the Landlord Representative **before**:\n i. Carrying out any physical activity, repair, or alteration within the compound.\n ii. Making any significant decision concerning the Property or the tenants.\n iii. Initiating any legal or disciplinary action against a tenant.\n\n**5.0 COMMISSION AND FEES**\n5.1 **Letting Commission:** The Agent shall be entitled to a letting fee equivalent to a percentage of the total annual rent for each new tenant introduced and for each renewal negotiated by the Agent, as agreed by the parties and in line with prevailing market rates and the laws of Lagos State, Nigeria. This commission is payable only upon successful signing of a lease agreement with a tenant approved by the Principal.\n\n5.2 **The above commission is inclusive of all applicable taxes (e.g., VAT).** The Agent shall issue an invoice for this commission, which shall be paid by the Principal from the rent received.\n\n**6.0 LANDLORD’S OBLIGATIONS**\nThe Principal shall:\n a) Provide all necessary documentation to prove ownership of the Property.\n b) Make the final decision on all tenant applications presented by the Agent.\n c) Provide tenants with details of the designated bank account for all rental payments.\n d) Handle all major repairs and capital expenditures as reported by the Agent and Landlord Representative.\n\n**7.0 FINANCIAL PROTOCOL**\n7.1 **Under no circumstances shall the Agent receive or hold rent payments, security deposits, or any other tenant funds.**\n7.2 All financial transactions must flow directly from the tenant to the Principal's bank account.\n7.3 The Agent shall maintain a detailed register of all leases, payment due dates, and payment statuses, which shall be shared with the Principal and Landlord Representative monthly.\n\n**8.0 DISPUTE RESOLUTION**\nIn the event of any dispute between the Agent and a tenant, the Agent shall inform the Landlord Representative immediately. Both parties shall consult in good faith to resolve the matter amicably.\n\n**9.0 TERMINATION**\n9.1 This Agreement may be terminated by either party by giving **one (1) month’s** written notice to the other party.\n9.2 Either party may terminate this Agreement immediately if the other party commits a material breach of this Agreement and fails to remedy it within 14 days of receiving a written notice.\n9.3 Upon termination, the Agent shall immediately hand over all documents, keys, and records pertaining to the Property to the Landlord Representative.\n\n**10.0 CONFIDENTIALITY**\nBoth parties agree to keep the terms of this Agreement and any information regarding the Principal’s affairs confidential.\n\n**11.0 GOVERNING LAW**\nThis Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria.\n\n**12.0 ENTIRE AGREEMENT**\nThis document constitutes the entire agreement between the parties and supersedes all prior discussions, representations, and agreements.\n\n**IN WITNESS WHEREOF**, the parties have executed this Agreement as of the date first above written.\n\n**SIGNED BY THE LANDLORD (PRINCIPAL):**\n\n_______________________________________\n**Name:** [Your Full Name]\n**Signature:**\n\n**SIGNED BY THE AGENT:**\n\n_______________________________________\n**Name:** [Agent’s Name/Representative’s Name]\n**For and on behalf of:** [Agent’s Company Name]\n**Signature:**\n\n**WITNESSED BY (LANDLORD REPRESENTATIVE):**\n\n_______________________________________\n**Name:** Olawaseun Quadri (Meskere)\n**Signature:**\n\n---\n\n### **KEY NOTES & NEXT STEPS:**\n\n1. **Fill in the Blanks:** Complete all bracketed `[ ]` information, including names, addresses, and contact details.\n2. **Negotiate Commission:** You must agree on the specific percentage for the commission with the Agent and insert it into Clause 5.1. Common rates in Lagos range from 5% to 10% of the annual rent for a letting fee.\n3. **Designated Account:** Ensure you provide the Agent and all tenants with the correct bank account details for rent payment.\n4. **Review:** All parties should read and understand the document thoroughly before signing.\n5. **Legal Advice:** For absolute legal certainty and to ensure full compliance with Lagos State tenancy laws, it is highly recommended that a Nigerian lawyer review this finalized agreement before you sign.

Of course. Here is a comprehensive and detailed Exclusive Letting Agency Agreement tailored to your specific requirements.\n\n***\n\n### **EXCLUSIVE LETTING AGENCY AGREEMENT**\n\n**THIS AGREEMENT** is made on this ________ day of ____________________, 20____ (the “Effective Date”).\n\n**BETWEEN:**\n\n**THE LANDLORD:**\n[Your Full Name]\nAddress: [Your Address]\nPhone: [Your Phone Number]\nEmail: [Your Email Address]\n(Hereinafter referred to as the “Principal”)\n\n**AND**\n\n**THE AGENT:**\n[Agent’s Full Name/Company Name]\nAddress: [Agent’s Address]\nPhone: [Agent’s Phone Number]\nEmail: [Agent’s Email Address]\nRC Number/BN Number: [If Applicable]\n(Hereinafter referred to as the “Agent”)\n\n**WHEREAS** the Principal is the legal and beneficial owner of the property known as:\n**No. 13 Bankole Fagboun Street, Haruna Ifako, Lagos State, Nigeria** (the “Property”), which comprises seven (7) residential units (the \"Units\").\n\n**WHEREAS** the Principal desires to appoint the Agent exclusively to let the Units and manage the leasing process on the terms and conditions contained herein.\n\n**NOW THEREFORE** in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:\n\n---\n\n**1.0 APPOINTMENT AND AUTHORITY**\nThe Principal hereby appoints the Agent as its **exclusive** letting agent for the Property for the term of this Agreement. The Agent accepts the appointment and agrees to perform the services diligently and in accordance with this Agreement.\n\n**2.0 TERM**\nThis Agreement shall commence on the Effective Date and shall remain in full force and effect for a period of **one (1) year**, unless terminated earlier as provided herein. This Agreement may be renewed thereafter only by a written instrument executed by the Principal.\n\n**3.0 THE PRINCIPAL’S REPRESENTATIVE**\n3.1 The Principal designates **Mr. Olawaseun Quadri (also known as Meskere)** as his authorized representative and intermediary (the “Landlord Representative”).\n3.2 The Landlord Representative shall have the general authority to oversee the Property at all times and serve as the primary point of contact for the Agent.\n3.3 The Agent and the Landlord Representative covenant to work cooperatively and in good faith for the successful management and upkeep of the Property.\n\n**4.0 AGENT’S OBLIGATIONS AND DUTIES**\nThe Agent shall:\n\n4.1 **Marketing and Tenant Sourcing:**\n a) Advertise and market the 7 Units for lease using appropriate channels.\n b) Conduct initial viewings for prospective tenants.\n c) **Vet and conduct rigorous due diligence on all prospective tenants.** This must include verifying a stable and visible means of income. Preference shall be given to corporate tenants or individuals with verifiable employment and guarantors.\n d) **Present all potential tenants to the Landlord or Landlord Representative for a final interview and approval.**\n e) The Agent **shall not** proceed with any tenancy or collect any funds without the **prior written approval** of the Principal or Landlord Representative.\n\n4.2 **Lease Execution:**\n a) Prepare Tenancy/Lease Agreements on behalf of the Principal, incorporating all necessary terms to protect the Principal’s interest.\n b) Ensure the executed agreement is signed by the tenant and a copy is provided to the Principal and Landlord Representative.\n\n4.3 **Rent and Dues Collection Procedure:**\n a) **The Agent shall NOT collect rent, utilities, service charges, levies, or any other dues from tenants.**\n b) The Agent's sole responsibility is to **ensure that tenants pay all monies owed directly into the Landlord's designated bank account, as provided in the lease agreement, as and when due.**\n c) The Agent shall diligently follow up with tenants to ensure prompt payment and issue reminders for overdue payments.\n\n4.4 **Property Inspection:**\n a) **Jointly with the Landlord Representative**, conduct a comprehensive inspection of each occupied and vacant Unit **every quarter** to assess its condition and ensure compliance with the lease agreement.\n b) Prepare and sign a joint inspection report with the Landlord Representative after each inspection.\n c) Report any issues or necessary repairs identified during inspections immediately to the Landlord Representative.\n\n4.5 **Communication and Authority:**\n a) The Agent **must** contact and seek the prior written or verbal consent (to be confirmed in writing via SMS or email) of the Landlord Representative **before**:\n i. Carrying out any physical activity, repair, or alteration within the compound.\n ii. Making any significant decision concerning the Property or the tenants.\n iii. Initiating any legal or disciplinary action against a tenant.\n\n**5.0 COMMISSION AND FEES**\n5.1 **Letting Commission:** The Agent shall be entitled to a letting fee equivalent to a percentage of the total annual rent for each new tenant introduced and for each renewal negotiated by the Agent, as agreed by the parties and in line with prevailing market rates and the laws of Lagos State, Nigeria. This commission is payable only upon successful signing of a lease agreement with a tenant approved by the Principal.\n\n5.2 **The above commission is inclusive of all applicable taxes (e.g., VAT).** The Agent shall issue an invoice for this commission, which shall be paid by the Principal from the rent received.\n\n**6.0 LANDLORD’S OBLIGATIONS**\nThe Principal shall:\n a) Provide all necessary documentation to prove ownership of the Property.\n b) Make the final decision on all tenant applications presented by the Agent.\n c) Provide tenants with details of the designated bank account for all rental payments.\n d) Handle all major repairs and capital expenditures as reported by the Agent and Landlord Representative.\n\n**7.0 FINANCIAL PROTOCOL**\n7.1 **Under no circumstances shall the Agent receive or hold rent payments, security deposits, or any other tenant funds.**\n7.2 All financial transactions must flow directly from the tenant to the Principal's bank account.\n7.3 The Agent shall maintain a detailed register of all leases, payment due dates, and payment statuses, which shall be shared with the Principal and Landlord Representative monthly.\n\n**8.0 DISPUTE RESOLUTION**\nIn the event of any dispute between the Agent and a tenant, the Agent shall inform the Landlord Representative immediately. Both parties shall consult in good faith to resolve the matter amicably.\n\n**9.0 TERMINATION**\n9.1 This Agreement may be terminated by either party by giving **one (1) month’s** written notice to the other party.\n9.2 Either party may terminate this Agreement immediately if the other party commits a material breach of this Agreement and fails to remedy it within 14 days of receiving a written notice.\n9.3 Upon termination, the Agent shall immediately hand over all documents, keys, and records pertaining to the Property to the Landlord Representative.\n\n**10.0 CONFIDENTIALITY**\nBoth parties agree to keep the terms of this Agreement and any information regarding the Principal’s affairs confidential.\n\n**11.0 GOVERNING LAW**\nThis Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria.\n\n**12.0 ENTIRE AGREEMENT**\nThis document constitutes the entire agreement between the parties and supersedes all prior discussions, representations, and agreements.\n\n**IN WITNESS WHEREOF**, the parties have executed this Agreement as of the date first above written.\n\n**SIGNED BY THE LANDLORD (PRINCIPAL):**\n\n_______________________________________\n**Name:** [Your Full Name]\n**Signature:**\n\n**SIGNED BY THE AGENT:**\n\n_______________________________________\n**Name:** [Agent’s Name/Representative’s Name]\n**For and on behalf of:** [Agent’s Company Name]\n**Signature:**\n\n**WITNESSED BY (LANDLORD REPRESENTATIVE):**\n\n_______________________________________\n**Name:** Olawaseun Quadri (Meskere)\n**Signature:**\n\n---\n\n### **KEY NOTES & NEXT STEPS:**\n\n1. **Fill in the Blanks:** Complete all bracketed `[ ]` information, including names, addresses, and contact details.\n2. **Negotiate Commission:** You must agree on the specific percentage for the commission with the Agent and insert it into Clause 5.1. Common rates in Lagos range from 5% to 10% of the annual rent for a letting fee.\n3. **Designated Account:** Ensure you provide the Agent and all tenants with the correct bank account details for rent payment.\n4. **Review:** All parties should read and understand the document thoroughly before signing.\n5. **Legal Advice:** For absolute legal certainty and to ensure full compliance with Lagos State tenancy laws, it is highly recommended that a Nigerian lawyer review this finalized agreement before you sign.

Of course. Here is a comprehensive and detailed Exclusive Letting Agency Agreement tailored to your specific requirements, incorporating the provided details.\n\n***\n\n### **EXCLUSIVE LETTING AGENCY AGREEMENT**\n\n**THIS AGREEMENT** is made on this ________ day of ____________________, 20____ (the “Effective Date”).\n\n**BETWEEN:**\n\n**THE LANDLORD:**\n**Dr. Dickson Simeon**\nAddress: 398 Chapel Road, Bankstown, NSW 2200, Australia\nPhone: [Landlord's Phone Number]\nEmail: [Landlord's Email Address]\n(Hereinafter referred to as the “Principal”)\n\n**AND**\n\n**THE AGENT:**\n[Agent’s Full Name/Company Name]\nAddress: [Agent’s Address in Lagos, Nigeria]\nPhone: [Agent’s Phone Number]\nEmail: [Agent’s Email Address]\nRC Number/BN Number: [If Applicable]\n(Hereinafter referred to as the “Agent”)\n\n**WHEREAS** the Principal is the legal and beneficial owner of the property known as:\n**No. 13 Bankole Fagboun Street, Haruna Ifako, Lagos State, Nigeria** (the “Property”), which comprises seven (7) residential units (the \"Units\").\n\n**WHEREAS** the Principal desires to appoint the Agent exclusively to let the Units and manage the leasing process on the terms and conditions contained herein.\n\n**NOW THEREFORE** in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:\n\n---\n\n**1.0 APPOINTMENT AND AUTHORITY**\nThe Principal hereby appoints the Agent as its **exclusive** letting agent for the Property for the term of this Agreement. The Agent accepts the appointment and agrees to perform the services diligently and in accordance with this Agreement.\n\n**2.0 TERM**\nThis Agreement shall commence on the Effective Date and shall remain in full force and effect for a period of **one (1) year**, unless terminated earlier as provided herein. This Agreement may be renewed thereafter only by a written instrument executed by the Principal.\n\n**3.0 THE PRINCIPAL’S REPRESENTATIVE**\n3.1 The Principal designates **Mr. Olawaseun Quadri (also known as Meskere)** as his authorized representative and intermediary (the “Landlord Representative”).\n3.2 The Landlord Representative shall have the general authority to oversee the Property at all times and serve as the primary point of contact for the Agent on all matters relating to this Agreement.\n3.3 The Agent and the Landlord Representative covenant to work cooperatively and in good faith for the successful management and upkeep of the Property.\n\n**4.0 AGENT’S OBLIGATIONS AND DUTIES**\nThe Agent shall:\n\n4.1 **Marketing and Tenant Sourcing:**\n a) Advertise and market the 7 Units for lease using appropriate channels.\n b) Conduct initial viewings for prospective tenants.\n c) **Vet and conduct rigorous due diligence on all prospective tenants.** This must include verifying a stable and visible means of income, running credit checks where possible, and obtaining references. Preference shall be given to corporate tenants or individuals with verifiable employment and guarantors.\n d) **Present all potential tenants and their completed application forms to the Landlord or Landlord Representative for a final interview and approval.**\n e) The Agent **shall not** proceed with any tenancy or collect any funds without the **prior written approval** (which may include email or SMS confirmation) of the Principal or Landlord Representative.\n\n4.2 **Lease Execution:**\n a) Prepare Tenancy/Lease Agreements on behalf of the Principal, incorporating all necessary terms to protect the Principal’s interest and in compliance with the Lagos State Tenancy Law.\n b) Ensure the executed agreement is signed by the tenant and a copy is provided to the Principal and Landlord Representative.\n\n4.3 **Rent and Dues Collection Procedure:**\n a) **The Agent shall NOT collect rent, utilities, service charges, levies, or any other dues from tenants.**\n b) The Agent's sole responsibility is to **ensure that tenants pay all monies owed directly into the Principal's designated bank account, as provided in the lease agreement, as and when due.**\n c) The Agent shall diligently follow up with tenants to ensure prompt payment and issue formal reminders for overdue payments.\n\n4.4 **Property Inspection:**\n a) **Jointly with the Landlord Representative**, conduct a comprehensive inspection of each occupied and vacant Unit **every quarter** to assess its condition and ensure compliance with the lease agreement.\n b) Prepare and sign a joint inspection report with the Landlord Representative after each inspection, to be emailed to the Principal.\n c) Report any issues, violations, or necessary repairs identified during inspections immediately to the Landlord Representative.\n\n4.5 **Communication and Authority:**\n a) The Agent **must** contact and seek the prior written or verbal consent (to be confirmed in writing via SMS or email) of the Landlord Representative **before**:\n i. Carrying out any physical activity, repair, or alteration within the compound.\n ii. Making any significant decision concerning the Property, its common areas, or the tenants.\n iii. Initiating any legal or disciplinary action against a tenant.\n\n**5.0 COMMISSION AND FEES**\n5.1 **Letting Commission:** The Agent shall be entitled to a letting fee equivalent to a percentage (______%) of the total annual rent for each new tenant introduced and for each renewal negotiated by the Agent. This commission shall be in line with the prevailing market rates and the laws of Lagos State, Nigeria. This commission is payable only upon the successful signing of a lease agreement with a tenant approved by the Principal.\n\n5.2 **The above commission is inclusive of all applicable taxes (e.g., VAT).** The Agent shall issue an invoice for this commission, which shall be paid by the Principal from the rent received.\n\n**6.0 LANDLORD’S OBLIGATIONS**\nThe Principal shall:\n a) Provide all necessary documentation to prove ownership of the Property.\n b) Make the final decision on all tenant applications presented by the Agent.\n c) Provide the Agent and tenants with details of the designated bank account in Nigeria for all rental payments.\n d) Handle all major repairs and capital expenditures as reported by the Agent and Landlord Representative, funding them in a timely manner.\n\n**7.0 FINANCIAL PROTOCOL**\n7.1 **Under no circumstances shall the Agent receive or hold rent payments, security deposits, or any other tenant funds.**\n7.2 All financial transactions must flow directly from the tenant to the Principal's designated Nigerian bank account.\n7.3 The Agent shall maintain a detailed register of all leases, payment due dates, and payment statuses, which shall be shared with the Principal and Landlord Representative on a monthly basis.\n\n**8.0 DISPUTE RESOLUTION**\nIn the event of any dispute arising from this Agreement, the parties shall first seek to resolve it amicably through mediation. If mediation fails, the matter shall be referred to the courts of Lagos State, Nigeria.\n\n**9.0 TERMINATION**\n9.1 This Agreement may be terminated by either party by giving **one (1) month’s** written notice to the other party.\n9.2 Either party may terminate this Agreement immediately if the other party commits a material breach of this Agreement and fails to remedy it within 14 days of receiving a written notice detailing the breach.\n9.3 Upon termination, the Agent shall immediately hand over all documents, keys, and records pertaining to the Property to the Landlord Representative.\n\n**10.0 CONFIDENTIALITY**\nBoth parties agree to keep the terms of this Agreement and any information regarding the Principal’s financial and business affairs confidential.\n\n**11.0 GOVERNING LAW AND JURISDICTION**\nThis Agreement shall be governed by and construed in accordance with the laws of Lagos State, Nigeria. The parties submit to the exclusive jurisdiction of the courts of Lagos State.\n\n**12.0 ENTIRE AGREEMENT**\nThis document constitutes the entire agreement between the parties and supersedes all prior discussions, representations, and agreements.\n\n**IN WITNESS WHEREOF**, the parties have executed this Agreement as of the date first above written.\n\n**SIGNED BY THE LANDLORD (PRINCIPAL):**\n\n_______________________________________\n**Dr. Dickson Simeon**\nName: Dr. Dickson Simeon\nSignature:\n\n**SIGNED BY THE AGENT:**\n\n_______________________________________\n**Name:** [Agent’s Name/Representative’s Name]\n**For and on behalf of:** [Agent’s Company Name]\n**Signature:**\n\n**ACKNOWLEDGED BY (LANDLORD REPRESENTATIVE):**\n\n_______________________________________\n**Name:** Olawaseun Quadri (Meskere)\n**Signature:**\n\n---\n\n### **KEY NOTES & NEXT STEPS:**\n\n1. **Fill in the Blanks:** Complete all missing information, including the Agent's details, contact numbers, and the agreed-upon commission percentage.\n2. **Bank Account:** Ensure you have a designated Nigerian Naira bank account for the rent payments and provide these details to the Agent for inclusion in the tenancy agreements.\n3. **Legal Compliance:** The clause on commission complies with your instruction to base it on Lagos State law and prevailing market rates. You must agree on the specific percentage with the Agent.\n4. **Review:** All parties (Dr. Simeon, the Agent, and Mr. Quadri) should read and understand the document thoroughly before signing.\n5. **Legal Advice:** Given the international element (Landlord in Australia, Property in Nigeria), it is **highly recommended** that a Nigerian lawyer review this finalized agreement to ensure it is fully enforceable and complies with all local regulations.