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Space Rental Agreement
"I need a Space Rental Agreement for leasing a 500-square-meter retail space in Lagos, Nigeria, starting March 1, 2025, with specific provisions for shop-front signage rights and 24/7 access for a pharmacy business."
1. Parties: Identification and details of the landlord and tenant, including registration numbers for companies
2. Background: Context of the agreement and brief description of the premises and intended use
3. Definitions: Definitions of key terms used throughout the agreement
4. Premises Description: Detailed description of the rented space, including boundaries and common areas
5. Term and Commencement: Duration of the lease and commencement date
6. Rent and Payment Terms: Rental amount, payment schedule, and payment methods
7. Security Deposit: Amount, payment terms, and conditions for return of security deposit
8. Utilities and Service Charges: Responsibility for utilities, service charges, and other operational costs
9. Use of Premises: Permitted use of the space and any restrictions
10. Maintenance and Repairs: Responsibilities of each party for maintenance and repairs
11. Insurance: Required insurance coverage for both parties
12. Landlord's Covenants: Obligations and promises of the landlord
13. Tenant's Covenants: Obligations and promises of the tenant
14. Termination: Conditions and procedures for termination of the agreement
15. Governing Law: Specification of Nigerian law as governing law and jurisdiction
1. Fit-out Works: Include when tenant is permitted to carry out improvements or modifications to the space
2. Option to Renew: Include when offering the tenant an option to extend the lease term
3. Break Clause: Include when either party has the option to terminate early under specific conditions
4. Assignment and Subletting: Include when tenant may be allowed to assign or sublet the premises
5. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
6. Environmental Compliance: Include for properties requiring specific environmental considerations
7. Signage Rights: Include when tenant has specific rights to display signage
8. Parking: Include when parking spaces are part of the rental agreement
1. Schedule 1 - Floor Plan: Detailed floor plan of the rented space including measurements
2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included in the rental
3. Schedule 3 - Service Charges: Breakdown of service charges and calculation method
4. Schedule 4 - Building Rules: Rules and regulations for use of the building
5. Schedule 5 - Fit-out Specifications: Technical specifications for any permitted fit-out works
6. Appendix A - Handover Form: Form to be completed at the beginning and end of tenancy
7. Appendix B - Maintenance Schedule: Schedule of regular maintenance responsibilities
8. Appendix C - Insurance Requirements: Detailed insurance requirements for both parties
Authors
Base Rent
Building
Building Rules
Business Day
Commencement Date
Common Areas
Condition Report
Default Rate
Demised Premises
Effective Date
Environmental Laws
Event of Default
Expiry Date
Fit-out Works
Force Majeure Event
Governing Law
Handover Date
Initial Term
Insurance Requirements
Landlord's Fixtures
Lease Year
Lettable Area
Maintenance Charges
Occupancy Costs
Operating Expenses
Option Period
Outgoings
Permitted Use
Premises
Rent
Rent Review Date
Security Deposit
Service Charges
Services
Stamp Duty
Structural Elements
Tenant's Fixtures
Term
Termination Date
Utilities
VAT
Working Hours
Term
Rent
Security Deposit
Service Charges
Utilities
Permitted Use
Alterations and Improvements
Maintenance and Repair
Insurance
Assignment and Subletting
Landlord's Covenants
Tenant's Covenants
Default and Remedies
Termination
Force Majeure
Health and Safety
Environmental Compliance
Access Rights
Quiet Enjoyment
Indemnification
Damage and Destruction
Common Areas
Signage
Dispute Resolution
Notices
Governing Law
Registration and Stamp Duty
Waiver
Severability
Entire Agreement
Force Majeure
Confidentiality
Building Rules
Parking Rights
Real Estate
Retail
Professional Services
Healthcare
Technology
Education
Manufacturing
Hospitality
Financial Services
Entertainment
Logistics
Telecommunications
Legal
Facilities Management
Real Estate
Operations
Finance
Procurement
Compliance
Property Management
Business Development
Administration
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Business Development Manager
Procurement Manager
Asset Manager
Compliance Officer
Real Estate Agent
Property Administrator
Space Planning Manager
Leasing Manager
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