Master Rental Agreement Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Master Rental Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Master Rental Agreement

"I need a Master Rental Agreement for my retail company planning to lease multiple store locations across Nigeria, with flexibility to add new properties as we expand and standardized maintenance terms for all locations starting from March 2025."

Document background
The Master Rental Agreement serves as an efficient solution for organizations needing to rent multiple properties in Nigeria, eliminating the need for separate negotiations for each location. This document is particularly valuable for businesses expanding their physical presence across different Nigerian states, as it provides a uniform framework while accounting for state-specific property laws and regulations. The agreement includes comprehensive terms for property management, maintenance responsibilities, rent calculations, and dispute resolution mechanisms, while maintaining flexibility through schedules for property-specific details. It ensures compliance with Nigerian property laws, including the Recovery of Premises Act and state-specific rent control regulations, while streamlining administrative processes and reducing transaction costs for both landlords and tenants.
Suggested Sections

1. Parties: Identification and details of the landlord/lessor and tenant/lessee, including registration details for companies

2. Background: Context of the agreement and brief description of the master rental arrangement

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Scope of Agreement: Overview of the master agreement's coverage and application to individual properties

5. Term and Renewal: Duration of the master agreement and renewal provisions

6. Rental Properties: Process for adding properties under the agreement and property-specific requirements

7. Rent and Payment Terms: General provisions for rent determination, payment methods, and timing

8. Security Deposit: Requirements and handling of security deposits for properties

9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance

10. Insurance and Liability: Insurance requirements and allocation of risks between parties

11. Default and Remedies: Events of default and available remedies for both parties

12. Termination: Conditions and procedures for terminating the master agreement

13. Notices: Methods and requirements for formal communications between parties

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

15. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions

16. General Provisions: Standard boilerplate clauses including assignment, severability, and entire agreement

Optional Sections

1. Property Management: Include when property management services are part of the arrangement

2. Utilities and Services: Include when there are shared utilities or services provided by the landlord

3. Fit-out Works: Include when properties may require tenant improvements or modifications

4. Environmental Compliance: Include for industrial or commercial properties with environmental concerns

5. Operating Expenses: Include for commercial properties with common area maintenance charges

6. Subletting and Assignment: Include when subletting might be permitted under specific conditions

7. Force Majeure: Include when specific force majeure provisions are needed beyond standard provisions

8. Information Technology: Include for properties with shared IT infrastructure or smart building features

Suggested Schedules

1. Schedule 1 - Property Template: Template for adding individual properties under the master agreement

2. Schedule 2 - Rent Calculation Formula: Methodology for calculating rent for different property types

3. Schedule 3 - Service Level Standards: Standards for maintenance and property management services

4. Schedule 4 - Property Condition Report Template: Template for documenting property condition at handover

5. Schedule 5 - Insurance Requirements: Detailed insurance requirements for different property types

6. Schedule 6 - Operating Procedures: Standard procedures for property operations and management

7. Appendix A - Required Documentation: List of required documents for adding properties

8. Appendix B - Contact Information: Key contacts for both parties and escalation procedures

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Retail

Banking & Financial Services

Healthcare

Education

Hospitality

Manufacturing

Logistics & Warehousing

Technology

Telecommunications

Government & Public Sector

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Procurement

Risk & Compliance

Corporate Services

Administration

Property Management

Relevant Roles

Real Estate Manager

Facilities Manager

Property Manager

Legal Counsel

Chief Financial Officer

Operations Director

Procurement Manager

Risk Manager

Compliance Officer

Asset Manager

Regional Manager

Expansion Director

Corporate Services Manager

Chief Operating Officer

Contract Administrator

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

Find the exact document you need

Master Sub Agreement

A Nigerian law-governed framework agreement establishing terms and conditions for ongoing subcontracting relationships, including work orders, performance standards, and compliance requirements.

find out more

Master Consulting Agreement

A Nigerian law-governed framework agreement establishing terms for ongoing consulting services, with specific projects defined through subsequent work orders.

find out more

Master Contract

A Nigerian law-governed framework agreement establishing core terms for ongoing business relationships and future specific agreements.

find out more

Master Developer Agreement

A Nigerian law-governed agreement establishing the framework for master development projects, including development rights, obligations, and regulatory compliance requirements.

find out more

Master Partnership Agreement

A Nigerian law-governed agreement establishing the framework for a long-term business partnership, including key terms, governance, and operational provisions.

find out more

Master Client Agreement

Nigerian law-governed Master Client Agreement establishing core terms for ongoing service relationships between provider and client.

find out more

MSA Agreement

Nigerian law-compliant Master Service Agreement template for establishing long-term service delivery frameworks between parties.

find out more

Master Rights Agreement

A Nigerian law-governed agreement establishing the framework for rights transfer and licensing, including intellectual property and usage terms.

find out more

Master Rental Agreement

A Nigerian law-governed agreement establishing standardized terms for multiple property rentals under a single master agreement.

find out more

Master Fee Protection Agreement

A Nigerian law-governed agreement establishing the framework for protecting and managing fees between commercial parties, ensuring regulatory compliance with BOFIA 2020.

find out more

Master Trade Agreement

A Nigerian law-governed framework agreement establishing terms and conditions for ongoing trading relationships between commercial parties.

find out more

Master Pricing Agreement

A Nigerian law-governed agreement establishing long-term pricing arrangements and commercial terms between parties for ongoing business transactions.

find out more

Master Employment Contract

A standard employment agreement template compliant with Nigerian labor laws, establishing terms and conditions of employment relationships.

find out more

Master Reseller Agreement

Nigerian-law governed agreement establishing a formal reseller relationship between supplier and reseller, including distribution rights, obligations, and commercial terms.

find out more

Master Netting Agreement

A Nigerian law-governed agreement that enables parties to combine multiple financial obligations into a single net payment, providing risk management and settlement mechanisms under Nigerian financial regulations.

find out more

Master Franchise Agreement

A Nigerian law-governed agreement establishing a master franchise relationship, granting rights to develop and sub-franchise a business system within Nigeria.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.