Ƶ

Commercial Property Management Agreement for Nigeria

Commercial Property Management Agreement Template for Nigeria

A comprehensive legal agreement governed by Nigerian law that establishes the relationship between a property owner and a professional property management company for the management of commercial real estate. The agreement details the scope of management services, including tenant relations, maintenance, financial management, and reporting requirements, while ensuring compliance with Nigerian property laws, including the Land Use Act and relevant state-specific regulations. It outlines the rights, responsibilities, and obligations of both parties, fee structures, operational procedures, and risk management protocols specific to the Nigerian commercial property market.

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

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Commercial Property Management Agreement?

The Commercial Property Management Agreement serves as the foundational document for establishing a professional property management relationship in the Nigerian real estate market. This agreement is essential when property owners seek to delegate the day-to-day management of their commercial properties to professional management companies. It is particularly relevant in urban centers like Lagos, Abuja, and Port Harcourt, where commercial real estate operations require sophisticated management approaches. The document comprehensively addresses all aspects of property management while ensuring compliance with Nigerian legislation, including the Land Use Act, state-specific tenancy laws, and environmental regulations. It is designed to protect both parties' interests while establishing clear operational guidelines, financial arrangements, and performance expectations.

What sections should be included in a Commercial Property Management Agreement?

1. Parties: Identification of the Property Owner and the Property Management Company, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, including brief description of the property and the owner's intention to appoint the manager

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Management Fee', etc.

4. Appointment and Term: Formal appointment of the property manager, duration of the agreement, and renewal terms

5. Manager's Duties and Responsibilities: Comprehensive list of services to be provided, including tenant management, maintenance, financial management, and reporting

6. Owner's Obligations: Property owner's responsibilities, including providing necessary information, funds for maintenance, and cooperation

7. Management Fees and Expenses: Detailed fee structure, payment terms, and reimbursable expenses

8. Property Management Operating Account: Requirements for maintaining and operating the property management bank account

9. Maintenance and Repairs: Procedures for routine maintenance, emergency repairs, and spending authorizations

10. Tenant Management: Procedures for tenant selection, lease administration, rent collection, and enforcement

11. Insurance and Risk Management: Required insurance coverage, risk management procedures, and liability provisions

12. Reporting and Records: Required financial reports, frequency of reporting, and record-keeping obligations

13. Termination: Grounds for termination, notice requirements, and post-termination obligations

14. Liability and Indemnification: Allocation of risks, limitation of liability, and indemnification provisions

15. Governing Law and Dispute Resolution: Choice of Nigerian law and dispute resolution procedures

What sections are optional to include in a Commercial Property Management Agreement?

1. Environmental Compliance: Specific environmental management obligations when the property has special environmental requirements or risks

2. Security Services: Detailed security arrangements when the property requires specific security measures

3. Marketing and Leasing: Specific provisions for vacant property marketing and leasing services if included in the scope

4. Capital Improvements: Procedures for managing major renovations or improvements when anticipated

5. Multiple Property Management: Additional provisions when managing multiple properties under the same agreement

6. Staff Management: Provisions regarding on-site staff when the property requires dedicated personnel

7. Special Use Provisions: Additional requirements for properties with special uses (e.g., mixed-use, retail centers)

8. Force Majeure: Specific provisions for handling unforeseen circumstances, particularly relevant in unstable regions

What schedules should be included in a Commercial Property Management Agreement?

1. Schedule 1 - Property Details: Detailed description of the property, including location, facilities, and current condition

2. Schedule 2 - Services Specification: Detailed breakdown of all management services to be provided

3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and commission structures

4. Schedule 4 - Reporting Ƶ: Standard formats for required financial and operational reports

5. Schedule 5 - Emergency Procedures: Emergency contact information and response procedures

6. Schedule 6 - Maintenance Schedule: Planned maintenance schedule and procedures

7. Schedule 7 - Key Performance Indicators: Specific performance metrics and targets

8. Appendix A - Required Insurance: Detailed insurance requirements and minimum coverage levels

9. Appendix B - Property Staff: List of approved property staff positions and responsibilities

10. Appendix C - Authorized Signatories: List of persons authorized to approve expenditures and execute documents

Authors

Alex Denne

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

Jurisdiction

Nigeria

Publisher

Ƶ

Cost

Free to use

Find the exact document you need

Managerial Agreement

A Nigerian law-governed agreement establishing terms and conditions for management-level employment, including duties, compensation, and obligations.

Download

Exclusive Artist Management Agreement

A Nigerian law-governed agreement establishing exclusive representation rights between an artist and management company, defining roles, responsibilities, and compensation terms.

Download

Producer Management Agreement

A Nigerian law-governed agreement establishing terms between a music producer and management, covering services, rights, and compensation.

Download

Discretionary Investment Management Agreement

A Nigerian law-governed agreement establishing discretionary investment management services between an investment manager and client, compliant with SEC regulations.

Download

Waste Management Agreement

Nigerian-law governed agreement for professional waste management services, ensuring compliance with national environmental regulations and standards.

Download

Managing Director Agreement

A Nigerian law-governed agreement establishing the terms of appointment and employment for a Managing Director, including duties, compensation, and obligations.

Download

Housing Management Agreement

A Nigerian law-governed agreement establishing terms for professional property management services between property owners and management companies.

Download

Talent Management Agreement

A Nigerian law-governed agreement establishing the terms and conditions between a talent manager and artist, defining representation rights, obligations, and compensation structure.

Download

Parking Management Agreement

A Nigerian law-governed agreement establishing terms for professional management of parking facilities, including operational, financial, and compliance requirements.

Download

Money Management Contract

A Nigerian law-governed agreement establishing terms for professional money management services, including investment management, regulatory compliance, and client protection provisions.

Download

Restaurant Manager Contract

A Nigerian law-compliant employment contract for restaurant managers, outlining duties, terms, and compliance requirements for restaurant operations in Nigeria.

Download

Branch Manager Agreement

A Nigerian law-governed agreement establishing terms, conditions, and responsibilities for a Branch Manager's appointment and operational authority.

Download

Management Takeover Agreement

A Nigerian law-governed agreement facilitating the transfer of management control to new management, outlining rights, responsibilities, and operational parameters.

Download

Bar Management Agreement

A Nigerian law-governed agreement establishing terms for professional management and operation of a bar business, including operational, financial, and compliance requirements.

Download

Third Party Management Agreement

A Nigerian law-governed agreement establishing terms and conditions for third-party management services, including scope, responsibilities, and compliance requirements.

Download

Collateral Management Agreement

A Nigerian law-governed agreement establishing terms for collateral asset management between lenders, borrowers, and collateral managers.

Download

Vendor Management Agreement

A Nigerian law-governed agreement establishing terms and conditions for vendor-client relationships, including service delivery, performance standards, and compliance requirements.

Download

Project Management Agreement

A Nigerian law-governed agreement establishing terms and conditions for professional project management services, including scope, responsibilities, and deliverables.

Download

Construction Project Management Contract

A Nigerian law-governed agreement for construction project management services, defining the relationship between client and project manager with local regulatory compliance.

Download

Business Management Contract

A Nigerian law-governed agreement establishing professional management services arrangement between a business owner and management contractor, defining service scope, authority, and obligations.

Download

Personal Management Agreement

A Nigerian law-governed agreement establishing the terms and conditions between a talent/artist and their personal manager, including representation rights, duties, and compensation.

Download

Managing Partner Contract

A Nigerian law-governed agreement establishing the terms and conditions for a managing partner's appointment, duties, and rights within a partnership structure.

Download

Brand Management Agreement

A Nigerian law-governed agreement establishing terms for professional brand management services, including brand protection, enhancement, and market presence management.

Download

Restaurant Management Agreement

A Nigerian law-governed agreement between a restaurant owner and management company for professional operation of a restaurant business.

Download

Website Management Contract

A Nigerian law-governed agreement establishing terms for professional website management services, including maintenance, security, and technical support.

Download

Management Services Agreement

A Nigerian law-governed agreement establishing terms for management services provision between companies, including service scope, fees, and regulatory compliance.

Download

Commercial Property Management Agreement

A Nigerian law-governed agreement between property owner and management company for professional management of commercial real estate assets.

Download

Hotel Management Contract

A Nigerian law-governed agreement between hotel owner and management company establishing terms for professional hotel operation and management services.

Download

Waste Disposal Agreement

A Nigerian law-governed agreement setting out terms for professional waste disposal services, including environmental compliance and operational requirements.

Download

Management Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions for management-focused business partnerships, including operational control and profit-sharing arrangements.

Download

Management Buyout Agreement

A Nigerian law-governed agreement facilitating the acquisition of a company by its existing management team from current shareholders.

Download

General Manager Contract

Nigerian law-governed employment agreement for General Manager positions, establishing key terms and conditions of senior management employment.

Download

Management Agreement Contract

A Nigerian law-governed agreement establishing terms and conditions for professional management services between a business entity and a management service provider.

Download

Stock Management Agreement

A Nigerian law-governed agreement establishing terms for professional stock management services, compliant with CAMA 2020 and SEC regulations.

Download

Investment Management Contract

A Nigerian law-governed agreement establishing terms and conditions for professional investment management services, compliant with SEC regulations.

Download

Risk Management Agreement

A Nigerian law-governed agreement establishing risk management services, responsibilities, and compliance requirements between service providers and client organizations.

Download

Event Planner Contract Agreement

A Nigerian-law governed agreement between an event planner and client defining event planning services, responsibilities, and terms.

Download

Social Media Management Contract

A Nigerian law-governed contract for social media management services, outlining service scope, obligations, and compliance requirements.

Download
See more related templates

ұԾ’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; ұԾ’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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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