Commercial Lease Agreement Template for Nigeria

1. Guarantees: Required when the tenant's covenant strength needs to be reinforced by a third-party guarantor

2. Change of Control: Relevant when the tenant is a company and restrictions on change of control are required

3. Environmental Provisions: Necessary for properties where environmental concerns are significant or for specific industrial uses

4. Planning and Zoning: Required when specific planning permissions or zoning requirements affect the property use

5. Option to Renew: Included when granting the tenant an option to extend the lease term

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

7. Rent-Free Period: Included when initial rent-free periods are part of the commercial terms

8. Fit-out Provisions: Required when specific tenant fit-out works are planned

9. Security Deposit: Included when additional security beyond rent is required

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

2. Inventory: List of fixtures, fittings, and equipment included in the lease

3. Service Charge Schedule: Detailed breakdown of service charges and calculation methodology

4. Permitted Use: Detailed specifications of allowed commercial activities and any restrictions

5. State of Repair: Schedule documenting the condition of the property at the start of the lease

6. Rent Review Provisions: Detailed methodology and procedures for rent reviews

7. Insurance Requirements: Specific details of required insurance coverage and amounts

8. Building Rules and Regulations: Operational rules and regulations for the property or building

9. Initial Alterations: Plans and specifications for any agreed initial alterations or fit-out works