Commercial Rental Agreement Template for Nigeria

1. Parties: Identification of the landlord and tenant with full legal names, addresses, and registration details if companies

2. Background: Context of the agreement and brief description of the premises and intended use

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Formal grant of the lease and description of the premises

5. Term and Commencement: Duration of the lease and start date

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

7. Security Deposit: Amount, payment terms, and conditions for return of security deposit

8. Service Charges: Additional charges for services, utilities, and common area maintenance

9. Tenant's Covenants: Tenant's obligations including maintenance, permitted use, and compliance with laws

10. Landlord's Covenants: Landlord's obligations including structural repairs and quiet enjoyment

11. Insurance: Required insurance coverage for both parties

12. Assignment and Subletting: Conditions under which the tenant may assign or sublet the premises

13. Termination: Circumstances and procedures for ending the lease

14. Dispute Resolution: Procedures for resolving disputes between parties

15. Governing Law: Specification of Nigerian law as governing law

1. Schedule 1: Property Description: Detailed description of the premises including floor plans and measurements

2. Schedule 2: Inventory: List of fixtures, fittings, and equipment included in the lease

3. Schedule 3: Service Charge Items: Detailed breakdown of service charge components and calculations

4. Schedule 4: Building Rules: Rules and regulations for use of the premises and common areas

5. Schedule 5: Condition Report: Initial condition of the premises with photographs

6. Appendix A: Fit-out Specifications: Approved plans and specifications for any initial fit-out works

7. Appendix B: Required Licenses: List of required business and operation licenses

8. Appendix C: Environmental Compliance: Environmental certificates and compliance requirements