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1. Parties: Identification and details of the Landlord and Tenant, including registered addresses and registration numbers if corporate entities
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions: Definitions of key terms used throughout the lease agreement
4. Demise: Formal grant of the lease, specifying the property being leased and the exclusive nature of possession
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. Security Deposit: Details of security deposit amount, terms of holding, and conditions for return
8. Tenant's Covenants: Obligations of the tenant including maintenance, permitted use, and compliance with laws
9. Landlord's Covenants: Obligations of the landlord including quiet enjoyment and structural repairs
10. Insurance: Requirements for property insurance and contents insurance
11. Utilities and Services: Responsibility for utilities, services, and associated charges
12. Termination: Circumstances and procedures for lease termination
13. Yielding Up: Conditions for returning the property at lease end
14. Notices: Process for serving formal notices between parties
15. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction
1. Break Clause: Optional provision allowing early termination under specific conditions - include for longer term leases
2. Rent Review: Mechanism for periodic rent adjustments - include for leases longer than 3 years
3. Subletting and Assignment: Terms for transferring or sharing the lease - include for commercial properties
4. Alterations and Improvements: Rules for making changes to the property - include for commercial leases or where significant modifications are anticipated
5. Environmental Matters: Environmental obligations and restrictions - include for industrial or commercial properties
6. Force Majeure: Provisions for unforeseen circumstances - include for longer term or high-value leases
7. Service Charge: Details of service charges for common areas - include for multi-unit properties
8. Planning Requirements: Compliance with planning laws - include for commercial properties or properties in regulated zones
1. Property Description: Detailed description of the property including boundaries, floor plans, and photographs
2. Inventory: List of fixtures, fittings, and furniture included in the lease
3. Condition Report: Detailed report of the property's condition at the start of the lease
4. Permitted Use: Detailed specifications of allowed activities and use of the property
5. Rent Payment Schedule: Detailed breakdown of rent payments and due dates
6. Service Charge Schedule: Breakdown of service charges and calculation method
7. Maintenance Schedule: Detailed allocation of maintenance responsibilities between parties
8. Building Rules: Specific rules and regulations for the use of the property or building
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