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1. Parties: Identification of the lessor/licensor and lessee/licensee with full legal names and addresses
2. Background: Context of the agreement including property ownership and purpose of the lease/license
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Lease and License: Formal grant of the lease and associated license rights
5. Term and Renewal: Duration of the lease/license and any renewal options
6. Rent and Payment Terms: Rent amount, payment schedule, and payment methods
7. Security Deposit: Details of security deposit amount, holding, and return conditions
8. Permitted Use: Specified permitted uses of the property under the lease and license
9. Maintenance and Repairs: Responsibilities for property maintenance and repairs
10. Utilities and Services: Responsibility for utilities and essential services
11. Insurance: Required insurance coverage by both parties
12. Assignment and Subletting: Restrictions on transfer of lease/license rights
13. Lessor's Covenants: Obligations and warranties of the property owner
14. Lessee's Covenants: Obligations and warranties of the tenant
15. Termination: Grounds and procedures for termination
16. Dispute Resolution: Process for resolving disputes between parties
17. Governing Law: Specification of Nigerian law as governing law
18. Notices: Process for formal communications between parties
19. Execution: Signature blocks and execution requirements
1. Force Majeure: Used when parties want specific provisions for unforeseen circumstances preventing performance
2. Environmental Compliance: Required for properties where environmental regulations are particularly relevant
3. Alterations and Improvements: Include when tenant will be making significant modifications to the property
4. Option to Purchase: Include when granting the lessee an option to purchase the property
5. Special License Terms: Used when specific licensed activities need detailed regulation
6. Service Charge: Include for properties in managed developments with service charges
7. Planning Permissions: Required when specific use requires planning or zoning permissions
8. Break Clause: Include when either party wants the option to terminate early under specific conditions
1. Schedule 1 - Property Description: Detailed description of the property including boundaries and plans
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent payments and review dates
3. Schedule 3 - Inventory: List of fixtures, fittings, and equipment included in the lease
4. Schedule 4 - Service Charges: Breakdown of service charges and calculation method
5. Schedule 5 - Building Rules: Rules and regulations for property use and maintenance
6. Appendix A - Property Plans: Floor plans and property drawings
7. Appendix B - Photographs: Photographic evidence of property condition at lease start
8. Appendix C - Licenses and Permits: Copies of relevant licenses and permits for property use
Applicable Laws
Building
Business Day
Commencement Date
Common Areas
Condition Report
Consent Authority
Default Rate
Expiry Date
Force Majeure Event
Governing Law
Guarantor
Improvements
Initial Term
Land Use Act
Lease
Lease Period
Leased Premises
Lessee
Lessor
License
License Period
Licensed Activities
Maintenance Charges
Option Period
Permitted Use
Planning Laws
Premises
Property
Renewal Period
Rent
Review Date
Security Deposit
Service Charges
State Authority
Stamp Duty
Statutory Authorities
Term
Termination Date
Title Documents
Utilities
VAT
Working Hours
Grant of License
Term and Renewal
Rent and Payment
Security Deposit
Permitted Use
Property Access
Maintenance and Repairs
Utilities
Insurance
Assignment and Subletting
Alterations and Improvements
Compliance with Laws
Environmental Protection
Health and Safety
Force Majeure
Default and Remedies
Termination
Surrender of Premises
Dispute Resolution
Governing Law
Notices
Warranties
Indemnification
Quiet Enjoyment
Building Rules
Service Charges
Property Inspection
Planning and Zoning
Registration and Stamp Duty
Real Estate
Retail
Commercial Property
Industrial
Manufacturing
Hospitality
Technology
Healthcare
Education
Logistics
Warehousing
Agriculture
Entertainment
Professional Services
Legal
Real Estate
Facilities Management
Operations
Finance
Risk & Compliance
Property Administration
Corporate Services
Business Development
Asset Management
Real Estate Manager
Property Manager
Facilities Director
Legal Counsel
Operations Manager
Commercial Director
Chief Financial Officer
Risk Manager
Compliance Officer
Business Development Manager
Asset Manager
Property Administrator
Leasing Manager
Contract Manager
Real Estate Agent
Corporate Services Manager
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