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1. Parties: Identification of the landlord and tenant, including full legal names, registration details for companies, and contact information
2. Background: Brief context of the agreement and property ownership status
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of lease and description of the leased premises
5. Term and Commencement: Duration of the lease and start date
6. Rent and Payment Terms: Rent amount, payment schedule, and payment methods
7. Service Charges: Details of additional charges for building services and maintenance
8. Security Deposit: Amount, terms, and conditions for the security deposit
9. Tenant's Covenants: Tenant's obligations including maintenance, use restrictions, and compliance with regulations
10. Landlord's Covenants: Landlord's obligations including building maintenance and services
11. Insurance: Required insurance coverage for both parties
12. Utilities and Services: Responsibilities for utilities and building services
13. Repairs and Maintenance: Detailed responsibilities for repairs and maintenance
14. Assignment and Subletting: Terms governing the transfer of lease rights
15. Termination: Conditions and procedures for lease termination
16. Default and Remedies: Consequences of breach and available remedies
17. Governing Law: Specification of Nigerian law as governing law
18. Notices: Process for formal communications between parties
19. Execution: Signature blocks and execution formalities
1. Break Clause: Optional early termination provisions, included when parties want flexibility to end the lease early
2. Rent Review: Mechanism for periodic rent adjustments, included for longer-term leases
3. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
4. Fit-out Works: Terms for initial tenant improvements, included when premises require modification
5. Option to Renew: Terms for lease renewal, included when parties want to pre-agree extension possibilities
6. Environmental Provisions: Specific environmental obligations, included for properties with environmental sensitivities
7. Parking: Specific provisions for parking rights, included when parking is available
8. Signage Rights: Terms for external and internal signage, included for retail or prominent office spaces
9. Building Rules and Regulations: Specific building rules, included for multi-tenant buildings
1. Schedule 1 - Property Description: Detailed description of the leased premises including floor plans and measurements
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates
3. Schedule 3 - Service Charge Items: Itemized list of service charge components and calculations
4. Schedule 4 - Building Services: Description of services provided by the landlord
5. Schedule 5 - Fit-out Specifications: Technical specifications for any permitted tenant improvements
6. Schedule 6 - Condition Report: Initial condition of the premises with photographs
7. Schedule 7 - Building Rules: Detailed building rules and regulations
8. Appendix A - Plans: Floor plans and location maps
9. Appendix B - Certificates: Relevant certificates including building permits and safety certificates
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