Extend Lease Agreement Template for Nigeria

1. Modifications to Original Terms: Used when any original lease terms need to be modified as part of the extension

2. Rent Review Provisions: Include when new or modified rent review mechanisms are being introduced

3. Property Improvements: Used when addressing any improvements made or to be made to the property

4. Guarantor Provisions: Include when the original lease has a guarantor whose consent is required

5. Break Clause: Optional provision allowing either party to terminate the extended lease under specific conditions

6. Insurance Requirements: Include when modifying or updating insurance obligations

7. Service Charge Adjustments: Used for commercial properties where service charge arrangements are being modified

1. Schedule 1 - Original Lease: Copy or summary of the original lease agreement

2. Schedule 2 - Property Description: Detailed description of the property including any modifications since original lease

3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments and review dates for the extended term

4. Schedule 4 - Condition Report: Current condition of the property at the time of extension

5. Appendix A - Plans: Updated property plans or drawings if applicable

6. Appendix B - Certificates: Relevant certificates including tax clearance or property insurance