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1. Parties: Identifies the landlord and tenant with their full legal names and addresses
2. Background: References the original lease agreement, its date, and key terms, establishing the context for the extension
3. Definitions: Defines key terms used in the agreement, including references to terms from the original lease that remain applicable
4. Extension Term: Specifies the new duration of the lease extension, including start and end dates
5. Rent: States the rent amount for the extension period, including any adjustments from the original amount
6. Confirmation of Original Terms: Affirms which terms from the original lease agreement remain in effect during the extension period
7. Representations and Warranties: Statements by both parties confirming their authority to enter into the extension and that no defaults exist under the original lease
8. Execution: Signature blocks for all parties, including dates and witness provisions as required by Nigerian law
1. Modified Terms: Used when any original lease terms are being changed during the extension period
2. Security Deposit Adjustment: Include when the security deposit amount is being modified for the extension period
3. Guarantor Confirmation: Required when the original lease had a guarantor who needs to confirm their continued guarantee for the extension period
4. Property Inspection Report: Include when parties wish to document the current condition of the property at the time of extension
5. Renovation/Modification Provisions: Used when specific property improvements or modifications are agreed upon as part of the extension
6. Break Clause: Optional provision allowing either party to terminate the extension early under specified conditions
1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement being extended
2. Schedule 2 - Property Details: Updated description and inventory of the rental property and any included fixtures/fittings
3. Schedule 3 - Modified Terms: Detailed list of any terms that differ from the original lease agreement
4. Appendix A - Property Inspection Report: Current condition report with photographs if applicable
5. Appendix B - Utility Agreements: Updated arrangements for utility payments and responsibilities if changed from original lease
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