Space Rental Agreement Template for Nigeria

1. Parties: Identification and details of the landlord and tenant, including registration numbers for companies

2. Background: Context of the agreement and brief description of the premises and intended use

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

4. Premises Description: Detailed description of the rented space, including boundaries and common areas

5. Term and Commencement: Duration of the lease and commencement date

6. Rent and Payment Terms: Rental amount, payment schedule, and payment methods

7. Security Deposit: Amount, payment terms, and conditions for return of security deposit

8. Utilities and Service Charges: Responsibility for utilities, service charges, and other operational costs

9. Use of Premises: Permitted use of the space and any restrictions

10. Maintenance and Repairs: Responsibilities of each party for maintenance and repairs

11. Insurance: Required insurance coverage for both parties

12. Landlord's Covenants: Obligations and promises of the landlord

13. Tenant's Covenants: Obligations and promises of the tenant

14. Termination: Conditions and procedures for termination of the agreement

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

1. Schedule 1 - Floor Plan: Detailed floor plan of the rented space including measurements

2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included in the rental

3. Schedule 3 - Service Charges: Breakdown of service charges and calculation method

4. Schedule 4 - Building Rules: Rules and regulations for use of the building

5. Schedule 5 - Fit-out Specifications: Technical specifications for any permitted fit-out works

6. Appendix A - Handover Form: Form to be completed at the beginning and end of tenancy

7. Appendix B - Maintenance Schedule: Schedule of regular maintenance responsibilities

8. Appendix C - Insurance Requirements: Detailed insurance requirements for both parties