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Commercial Tenancy Agreement Template for Nigeria

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Key Requirements PROMPT example:

Commercial Tenancy Agreement

"I need a Commercial Tenancy Agreement for a retail space in Lagos, Nigeria, with a 5-year term starting March 1, 2025, including specific provisions for shopping center operations and customer parking arrangements."

Document background
The Commercial Tenancy Agreement is a crucial legal instrument used in Nigeria for establishing formal lease arrangements between property owners and business tenants. This document is essential when any business entity seeks to lease commercial space for their operations, whether for retail, office, or industrial purposes. The agreement must comply with Nigerian federal and state property laws, including the Recovery of Premises Act and relevant state tenancy laws. It typically includes detailed provisions for rent, service charges, maintenance obligations, permitted use, and termination conditions. The Commercial Tenancy Agreement serves as a comprehensive framework for managing the landlord-tenant relationship throughout the lease term, protecting both parties' interests while ensuring compliance with local commercial property regulations and business practices.
Suggested Sections

1. Parties: Identification of the landlord and tenant with full legal names and addresses

2. Background: Brief context of the agreement and property transaction

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

4. Demise: The formal grant of the lease and its term

5. Rent and Payment Terms: Rent amount, payment schedule, and method of payment

6. Service Charges: Details of additional charges for building services and maintenance

7. Deposit: Security deposit requirements and terms for its return

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

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

10. Insurance: Insurance requirements for both parties

11. Assignment and Subletting: Conditions under which the tenant may assign or sublet the premises

12. Alterations: Provisions regarding modifications to the premises

13. Utilities and Services: Responsibilities for utilities and essential services

14. Default and Remedies: Consequences of breach and available remedies

15. Termination: Conditions and procedures for ending the lease

16. Notices: How formal notices should be given between parties

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

Optional Sections

1. Fit-out Works: Details of any initial modifications or improvements to be made before occupation

2. Break Clause: Optional early termination provisions if agreed between parties

3. Rent Review: Mechanism for periodic rent adjustments if lease term exceeds typical market review periods

4. Force Majeure: Provisions for unforeseen circumstances preventing performance of obligations

5. Environmental Provisions: Specific environmental obligations and compliance requirements

6. Option to Renew: Terms for extending the lease beyond its initial term

7. Guarantor Provisions: Where a guarantor is required to secure tenant obligations

8. Special Use Restrictions: Any specific limitations on use of the premises beyond standard commercial use

9. Service Level Agreement: Detailed service provisions for high-end commercial properties

Suggested Schedules

1. Property Description: Detailed description of the leased premises including floor plans and measurements

2. Rent Payment Schedule: Detailed breakdown of rent payments and escalation calculations

3. Service Charge Budget: Estimated annual service charges and calculation method

4. Building Rules and Regulations: Specific rules governing the use of the building and common areas

5. State of Condition Report: Detailed report on the condition of the premises at lease commencement

6. Permitted Alterations: List of pre-approved alterations tenant may make

7. Insurance Requirements: Detailed insurance specifications for both parties

8. Fit-out Specifications: Technical specifications for any agreed fit-out works

9. Utilities and Services Matrix: Detailed breakdown of responsibility for various utilities and services

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions























































Clauses









































Relevant Industries

Retail

Office Space

Industrial

Hospitality

Healthcare

Technology

Banking and Financial Services

Professional Services

Manufacturing

Logistics and Warehousing

Education

Entertainment and Leisure

Relevant Teams

Legal

Finance

Operations

Facilities Management

Risk and Compliance

Property Management

Procurement

Business Development

Administration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Facilities Manager

Property Manager

Real Estate Director

Legal Counsel

Operations Manager

Commercial Director

Business Development Manager

Finance Manager

Procurement Manager

Risk Manager

Compliance Officer

Property Lawyer

Estate Agent

Building Services Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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