Truck Lease To Own Agreement Template for Nigeria

1. Guarantor Provisions: Required when a third party guarantees the lessee's obligations

2. Operating Territory Restrictions: Included when there are geographical restrictions on vehicle operation

3. Sublease Provisions: Needed when subleasing might be permitted under certain conditions

4. Special Licensing Requirements: Included for specialized trucks requiring specific operator licenses

5. Environmental Compliance: Required for vehicles carrying hazardous materials or operating in environmentally sensitive areas

6. Multiple Vehicle Provisions: Included when the agreement covers more than one vehicle

7. Driver Requirements: Needed when specific driver qualifications or restrictions apply

8. Equipment Modifications: Required when modifications to the vehicle are permitted or prohibited

1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the truck, including all fitted equipment

2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and allocation between lease and purchase components

3. Schedule 3 - Acceptance Certificate: Form for documenting vehicle condition at delivery and formal acceptance by lessee

4. Schedule 4 - Maintenance Schedule: Required maintenance intervals and procedures

5. Schedule 5 - Insurance Requirements: Detailed insurance specifications including minimum coverage amounts

6. Appendix A - Vehicle Inspection Report: Initial condition report with photographs and noted defects

7. Appendix B - Required Documentation: List of required permits, licenses, and registration documents

8. Appendix C - Return Conditions: Specified condition requirements if vehicle is returned before purchase option is exercised