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Lot Lease Agreement
"I need a Lot Lease Agreement for a 2-hectare industrial plot in Lagos State, Nigeria, to be leased to a manufacturing company for 25 years starting March 2025, with development rights for building a factory included."
1. Parties: Identification of the Lessor and Lessee with full legal names and addresses
2. Background: Context of the lease arrangement and confirmation of Lessor's authority to lease the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: The formal granting of the lease and specification of the lot being leased
5. Term and Commencement: Duration of the lease and its start date
6. Rent and Payment Terms: Amount of rent, payment schedule, and method of payment
7. Lessee's Covenants: Obligations and promises of the Lessee including maintenance, use restrictions, and compliance with laws
8. Lessor's Covenants: Obligations and promises of the Lessor including quiet enjoyment and maintenance responsibilities
9. Insurance: Required insurance coverage and responsibilities for maintaining insurance
10. Assignment and Subletting: Conditions under which the Lessee may assign or sublet the property
11. Termination: Circumstances under which the lease may be terminated and the process for termination
12. Dispute Resolution: Process for resolving disputes between parties
13. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction
14. Notices: Process and addresses for formal communications between parties
1. Development Rights: Include when the lease permits development or construction on the lot
2. Environmental Compliance: Include when the lot is in an environmentally sensitive area or subject to specific environmental regulations
3. Rights of First Refusal: Include when granting the Lessee first right to purchase the property or extend the lease
4. Planning Permissions: Include when specific planning or zoning requirements affect the lot's use
5. Service Charges: Include when there are common areas or shared services requiring additional payments
6. Special Conditions: Include when there are unique circumstances or requirements specific to the lot or location
1. Schedule 1 - Property Description: Detailed description of the lot including boundaries, measurements, and survey plans
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including review periods and escalation clauses
3. Schedule 3 - Permitted Use: Specific details of how the lot may be used and any restrictions
4. Schedule 4 - State-Specific Requirements: Any specific requirements or forms required by the relevant state authority
5. Schedule 5 - Condition Report: Initial condition of the lot and any existing structures
6. Appendix A - Site Plans: Survey plans, maps, and drawings of the lot
7. Appendix B - Required Permits: Copies of relevant permits and approvals
Authors
Applicable Laws
Assignment
Certificate of Occupancy
Commencement Date
Common Areas
Consent Authority
Default Rate
Development Rights
Environmental Laws
Expiry Date
Force Majeure
Governor's Consent
Improvements
Land Registry
Land Use Act
Lease Period
Leased Premises
Lessee
Lessor
Local Government Authority
Lot
Outgoings
Permitted Use
Planning Laws
Property
Rent
Rent Review Date
Security Deposit
Service Charges
State Authority
Sublease
Survey Plan
Term
Title Documents
Utilities
Term Duration
Rent Payment
Security Deposit
Property Use
Development Rights
Maintenance and Repairs
Utilities and Services
Insurance
Assignment and Subletting
Alterations and Improvements
Environmental Compliance
Force Majeure
Default and Remedies
Termination
Quiet Enjoyment
Property Access
Regulatory Compliance
Government Consent
Registration Requirements
Planning Permissions
Indemnification
Dispute Resolution
Notices
Governing Law
Severability
Entire Agreement
Amendment
Representation and Warranties
Third Party Rights
Real Estate
Commercial Property Development
Industrial Manufacturing
Retail
Agriculture
Hospitality
Residential Development
Infrastructure
Oil and Gas
Telecommunications
Healthcare
Education
Legal
Real Estate
Property Management
Facilities
Operations
Compliance
Business Development
Project Development
Asset Management
Risk Management
Real Estate Manager
Property Development Manager
Legal Counsel
Land Administrator
Facilities Manager
Corporate Real Estate Director
Property Acquisition Manager
Compliance Officer
Business Development Manager
Operations Director
Project Manager
Site Manager
Estate Surveyor
Property Portfolio Manager
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