Long Term Lease Agreement Template for Nigeria

1. Parties: Identification and details of the Landlord and Tenant, including registration numbers for companies

2. Background: Context of the lease arrangement and brief description of the property

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

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

5. Term: Duration of the lease, commencement date, and any option to renew

6. Rent: Rent amount, payment terms, review mechanisms, and payment method

7. Service Charge: Additional charges for services and facilities provided by the landlord

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

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

10. Insurance: Insurance requirements for both parties

11. Assignment and Subletting: Conditions for transferring or subletting the lease

12. Termination: Circumstances allowing early termination and procedure

13. Forfeiture: Landlord's right to re-enter and forfeit the lease upon breach

14. Notices: Process for serving formal notices between parties

15. Governing Law: Confirmation of Nigerian law as governing law and jurisdiction

1. Schedule 1 - Property Description: Detailed description of the property including boundaries and floor plans

2. Schedule 2 - Rent Review Provisions: Detailed mechanism for rent reviews

3. Schedule 3 - Service Charge Items: Detailed list of services covered by service charge

4. Schedule 4 - Condition Report: Initial condition of the property at lease commencement

5. Schedule 5 - Permitted Use: Detailed description of permitted uses of the property

6. Schedule 6 - Building Rules and Regulations: For multi-tenant buildings, specific rules and regulations

7. Appendix A - Floor Plans: Detailed floor plans and measurements

8. Appendix B - Photographs: Photographic evidence of property condition