Commercial Rental Lease Template for Nigeria

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

2. Rent-Free Period: Terms of any initial rent-free period offered to the tenant

3. Fit-out Works: Provisions regarding tenant's right to modify the property for business use

4. Service Level Agreement: Detailed service standards for managed properties

5. Environmental Provisions: Specific environmental obligations beyond standard compliance

6. Option to Renew: Terms for lease renewal at the end of the initial term

7. Guarantor Provisions: Required when tenant provides a guarantor for lease obligations

8. Change of Control: Provisions dealing with change in tenant company ownership

9. Force Majeure: Provisions for handling unforeseen circumstances affecting property use

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

2. Rent Review Provisions: Detailed mechanism for rent reviews

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

4. Condition Report: Initial condition of the property with photographs

5. Permitted Use: Detailed description of allowed business activities

6. Building Rules: Specific rules and regulations for property use

7. Fit-out Specifications: Technical requirements for any permitted alterations

8. Utilities and Services: Details of utility provisions and responsibilities

9. Insurance Requirements: Specific insurance requirements and minimum coverage levels