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1. Parties: Identification of the landlord/lessor and tenant/lessee with full legal names and addresses
2. Background: Brief recital of the original lease details, including date, term, and property description, and the parties' intention to extend
3. Definitions: Definitions of key terms used throughout the agreement, including 'Original Lease', 'Extension Period', and 'Extended Term'
4. Extension of Term: Specific details of the lease extension, including the new termination date and confirmation of extension
5. Rent and Payment Terms: Details of rent for the extended period, including any adjustments, payment schedule, and review mechanisms
6. Continuation of Original Terms: Confirmation that original lease terms remain in effect except as modified by this extension
7. Modifications to Original Lease: Any specific changes to the original lease terms that will apply during the extension period
8. Representations and Warranties: Statements by both parties confirming their authority and capacity to enter into the extension
9. Execution and Registration: Requirements for proper execution and any necessary registration of the extension agreement
10. Governing Law: Confirmation that the agreement is governed by Nigerian law and specification of applicable state jurisdiction
1. Condition Precedents: Specific conditions that must be met before the extension takes effect, used when there are outstanding requirements
2. Property Improvements: Terms regarding any authorized improvements or modifications to the property during the extended term
3. Security Deposit Adjustment: Modifications to security deposit arrangements, if required for the extended term
4. Insurance Requirements: Updated insurance requirements for the extended term, if different from original lease
5. Break Clause: Optional termination rights during the extended term, included when flexibility is needed
6. Green Lease Provisions: Environmental and sustainability requirements, included for properties with specific environmental commitments
7. Force Majeure: Extended or modified force majeure provisions, particularly relevant in light of recent global events
1. Schedule 1 - Original Lease: Copy or summary of the original lease agreement being extended
2. Schedule 2 - Property Description: Detailed description of the property including any modifications since original lease
3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments, including any incremental increases during the extended term
4. Schedule 4 - Condition Report: Current condition of the property at the time of extension, including photographs if applicable
5. Schedule 5 - Modified Terms: Detailed list of any terms from the original lease that are being modified
6. Appendix A - Required Notices: Forms of any notices required under Nigerian law for lease extensions
7. Appendix B - Registration Requirements: Checklist of registration requirements and necessary documentation
Original Lease
Extended Term
Extension Date
Effective Date
Extension Period
Property
Premises
Landlord
Tenant
Original Term
Extended Rent
Rent Review Date
Payment Date
Common Areas
Security Deposit
Permitted Use
Business Day
Force Majeure Event
Applicable Law
Registration Requirements
Stamp Duty
Occupancy Rights
Service Charge
Utilities
Maintenance Obligations
Insurance Requirements
Renewal Notice
Guarantor
Default Event
Original Parties
Extension Agreement Date
Land Use Act
State Property Law
Governing Law
Term Extension
Rent and Payment
Security Deposit
Property Use
Maintenance and Repairs
Insurance
Assignment and Subletting
Default and Remedies
Force Majeure
Utilities and Services
Access Rights
Alterations and Improvements
Compliance with Laws
Registration and Stamp Duty
Notices
Governing Law
Dispute Resolution
Representations and Warranties
Entire Agreement
Severability
Amendment
Termination Rights
Property Return
Costs and Expenses
Indemnification
Environmental Compliance
Health and Safety
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Healthcare
Education
Hospitality
Manufacturing
Warehousing
Agriculture
Legal
Real Estate
Property Management
Facilities Management
Operations
Compliance
Asset Management
Administration
Corporate Services
Risk Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Property Lawyer
Lease Administrator
Asset Manager
Operations Manager
Company Secretary
Compliance Officer
Real Estate Director
Property Portfolio Manager
Tenant Relations Manager
Commercial Property Manager
Real Estate Agent
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