Sale And Leaseback Agreement Template for Nigeria

1. Environmental Matters: Required for industrial properties or where environmental concerns exist, addressing compliance and liability

2. Tax Matters: Include when specific tax arrangements or implications need to be addressed

3. Property Management: Needed for complex commercial properties requiring specific management arrangements

4. Development Rights: Include when future development or modification rights need to be reserved

5. Security Deposit: Include when additional security beyond rent is required

6. Break Clause: Optional provision allowing early termination under specific circumstances

7. Force Majeure: Include when specific provisions for unforeseen circumstances are needed

8. Alterations and Improvements: Detailed provisions for when significant modifications to the property are anticipated

1. Schedule 1: Property Description: Detailed description of the property including boundaries, plans, and registered title information

2. Schedule 2: Purchase Price and Payment Terms: Breakdown of purchase price, payment schedule, and any adjustments

3. Schedule 3: Lease Terms and Rent: Detailed rent calculations, review provisions, and payment schedules

4. Schedule 4: Condition Report: Initial condition of the property at the time of sale and lease commencement

5. Schedule 5: Permitted Uses: Detailed description of allowed uses of the property

6. Schedule 6: Service Charges: Breakdown of service charges and maintenance costs if applicable

7. Appendix A: Property Plans: Architectural plans, surveys, and property drawings

8. Appendix B: Required Consents: Copies of necessary governmental and regulatory approvals

9. Appendix C: Insurance Requirements: Detailed insurance specifications and coverage requirements