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Simple Commercial Lease Agreement for Nigeria

Simple Commercial Lease Agreement Template for Nigeria

A comprehensive legal document governed by Nigerian law that establishes the terms and conditions for leasing commercial property between a landlord and tenant. This agreement outlines essential elements including rent payments, duration, maintenance responsibilities, and usage restrictions while ensuring compliance with Nigerian property laws, including the Land Use Act and relevant state-specific tenancy laws. It provides legal protection for both parties and clearly defines their rights, obligations, and remedies in case of breach, while incorporating specific requirements of Nigerian commercial property regulations.

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Simple Commercial Lease Agreement

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What is a Simple Commercial Lease Agreement?

The Simple Commercial Lease Agreement is a fundamental legal instrument used in Nigerian commercial property transactions to establish a formal landlord-tenant relationship for business premises. This document is essential when any business entity or individual seeks to lease commercial space in Nigeria, whether for retail, office, or industrial use. The agreement must comply with Nigerian federal legislation, including the Land Use Act 1978, as well as state-specific property laws. It typically includes comprehensive terms covering rent, duration, maintenance obligations, permitted use, and other crucial aspects of the commercial tenancy. The document serves as a vital tool for risk management and clear definition of parties' rights and obligations, while ensuring enforceability under Nigerian law.

What sections should be included in a Simple Commercial Lease Agreement?

1. Parties: Identifies and provides full details of the landlord and tenant, including registration details if corporate entities

2. Background: Brief context about the property and purpose of the lease

3. Definitions: Defines key terms used throughout the agreement

4. Demise: Formal grant of the lease and specification of the property being leased

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

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

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

8. Tenant's Covenants: Tenant's obligations including maintenance, permitted use, and compliance with laws

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

10. Insurance: Requirements for property insurance and contents insurance

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

12. Termination: Circumstances and procedures for ending the lease

13. Forfeiture: Landlord's right to forfeit the lease for breach of conditions

14. Governing Law: Specification of Nigerian law as governing law

15. Notices: How and where formal notices must be served

What sections are optional to include in a Simple Commercial Lease Agreement?

1. Break Clause: Optional provision allowing either party to terminate the lease early under specified conditions

2. Rent Review: Include when the lease term is long enough to warrant periodic rent adjustments

3. Alterations and Improvements: Include when tenant may need to make significant changes to the property

4. Environmental Matters: Include for properties where environmental compliance is particularly relevant

5. Security Deposit: Include when a security deposit is required from the tenant

6. Guarantor Provisions: Include when a guarantor is required to secure the tenant's obligations

7. Option to Renew: Include when granting the tenant an option to extend the lease term

8. Service Level Agreement: Include for properties in managed buildings with specific service requirements

What schedules should be included in a Simple Commercial Lease Agreement?

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

2. Schedule 2 - Plan: Floor plans and site maps of the property

3. Schedule 3 - Inventory: List of fixtures, fittings, and equipment included in the lease

4. Schedule 4 - Service Charge Items: Detailed breakdown of service charge components and calculations

5. Schedule 5 - Building Rules and Regulations: Specific rules governing the use of the building and common areas

6. Schedule 6 - Permitted Alterations: List of alterations that can be made without specific landlord consent

7. Appendix A - Form of Rent Review Notice: Template for rent review notifications

8. Appendix B - Condition Report: Initial condition report of the premises

Authors

Alex Denne

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

Jurisdiction

Nigeria

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions






































Clauses




































Relevant Industries

Retail

Office Space

Hospitality

Industrial

Healthcare

Financial Services

Professional Services

Technology

Education

Warehousing and Logistics

Manufacturing

Entertainment and Leisure

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Risk and Compliance

Administration

Property Management

Business Development

Corporate Services

Relevant Roles

Legal Counsel

Property Manager

Real Estate Manager

Facilities Manager

Commercial Director

Business Development Manager

Operations Manager

Chief Financial Officer

Risk Manager

Compliance Officer

Property Lawyer

Estate Agent

Company Secretary

Managing Director

Finance Director

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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