¶¶Òõ¶ÌÊÓƵ

All Countries
Real Estate
Commercial Property Sales Agreement

Commercial Property Sales 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 Commercial Property Sales 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:

Commercial Property Sales Agreement

"I need a Commercial Property Sales Agreement for selling a multi-story office building in Lagos, Nigeria, with completion planned for March 2025; the building has existing tenants whose rights need to be protected in the agreement."

Celebrated by
Collaborations with
Investors
Document background
The Commercial Property Sales Agreement is a vital legal document used for transferring ownership of commercial real estate in Nigeria. It's essential for any business-to-business or significant commercial property transaction in the Nigerian market. This agreement must comply with the Land Use Act 1978 and other relevant Nigerian property laws, including requirements for governor's consent and proper registration. The document is typically used when selling office buildings, retail spaces, industrial properties, or other commercial real estate assets. It includes comprehensive details about the property, parties involved, purchase price, payment terms, completion requirements, and warranties. The agreement also addresses specific Nigerian legal requirements such as land use considerations, title verification, and transfer procedures. It's designed to protect both buyer and seller interests while ensuring compliance with local regulations and commercial practice.
Suggested Sections

1. Parties: Identification of seller and purchaser with full legal names and addresses

2. Background: Context of the sale and brief description of the property

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase the property

5. Purchase Price: Amount, payment terms, and method of payment

6. Deposit: Amount, payment timing, and handling of deposit

7. Completion: Completion date, requirements, and process

8. Title and Transfer: Details of title transfer process and requirements under Nigerian law

9. Seller's Warranties: Warranties regarding ownership, authority to sell, and property condition

10. Property Condition: State of the property and any included fixtures and fittings

11. Risk and Insurance: Transfer of risk and insurance requirements

12. Land Use Act Compliance: Specific provisions ensuring compliance with Land Use Act requirements

13. Notices: Process for giving notices under the agreement

14. Governing Law: Confirmation of Nigerian law as governing law

15. Dispute Resolution: Process for resolving disputes

Optional Sections

1. Tenant Rights: Required if property is sold subject to existing tenancies

2. Environmental Matters: Required if property has specific environmental concerns or requirements

3. Planning Permissions: Required if property involves specific planning permissions or restrictions

4. Service Contracts: Required if property has ongoing service contracts to be transferred

5. Development Rights: Required if sale includes specific development rights or restrictions

6. Mortgage Details: Required if property is subject to existing mortgage

7. Tax Considerations: Required if special tax arrangements apply to the transaction

Suggested Schedules

1. Property Description: Detailed description of property including boundaries and registration details

2. Title Documents: List of all title documents and certificates

3. Fixtures and Fittings: Inventory of included and excluded fixtures and fittings

4. Property Certificates: Copies of relevant property certificates and permits

5. Completion Requirements: Detailed list of documents required for completion

6. Environmental Reports: Any relevant environmental surveys or reports

7. Property Plans: Site plans, floor plans, and other relevant drawings

8. Existing Tenancies: Details of any existing lease agreements

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions

































Clauses






































Relevant Industries

Real Estate

Commercial Property Development

Retail

Manufacturing

Hospitality

Healthcare

Education

Banking and Finance

Industrial

Logistics

Office Space Management

Warehousing

Agriculture

Relevant Teams

Legal

Real Estate

Property Management

Finance

Operations

Compliance

Risk Management

Facilities Management

Business Development

Corporate Affairs

Relevant Roles

Real Estate Manager

Property Developer

Commercial Director

Legal Counsel

Property Manager

Facilities Manager

Chief Financial Officer

Business Development Manager

Investment Manager

Asset Manager

Compliance Officer

Risk Manager

Company Secretary

Managing Director

Operations Director

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

Lease Purchase Agreement House

A Nigerian law-compliant agreement combining residential property lease terms with a future purchase option for the tenant.

find out more

Land Purchase Option Agreement

A Nigerian law-governed agreement granting exclusive rights to purchase land within a specified period, subject to Land Use Act compliance.

find out more

Commercial Property Sales Agreement

Nigerian law-governed agreement for commercial property sales, incorporating Land Use Act requirements and local property transfer regulations.

find out more

Offer To Purchase Land

A formal offer document for land purchase in Nigeria, compliant with the Land Use Act and state land laws, outlining purchase terms and conditions.

find out more

Commercial Real Estate Contract

A Nigerian law-governed agreement for commercial property sale and purchase, ensuring compliance with the Land Use Act and protecting parties' interests.

find out more

Residential Real Estate Contract

A Nigerian law-governed contract for residential property sales, incorporating Land Use Act requirements and essential property transfer provisions.

find out more

Real Estate Purchase Agreement Contract

A Nigerian law-governed agreement for the sale and purchase of real estate property, incorporating local property transfer requirements and Governor's Consent provisions.

find out more

Personal Property Sale Agreement

A Nigerian law-governed agreement for the sale and purchase of personal property, detailing terms, conditions, and transfer of ownership.

find out more

Land Sales Agreement

A legally binding agreement for land transfer in Nigeria, compliant with the Land Use Act and state regulations.

find out more

Residential Resale Real Estate Purchase Contract

Standard contract for residential property resale in Nigeria, compliant with local property laws and the Land Use Act.

find out more

Apartment Buyer Agreement

A Nigerian law-governed agreement for the purchase and sale of residential apartments, outlining terms, conditions, and obligations for property transfer.

find out more

Land For Sale By Owner Contract

A legal contract for direct land sales between property owners and buyers in Nigeria, compliant with the Land Use Act and state land laws.

find out more

Real Estate Offer And Acceptance Form

A legally binding form under Nigerian law that documents the terms and conditions of a property sale agreement between buyer and seller.

find out more

Condo Purchase Agreement

A legally binding agreement under Nigerian law for the purchase and sale of condominium units, detailing terms, conditions, and obligations of all parties involved.

find out more

Joint Purchase Agreement For Property

A Nigerian law-governed agreement for joint property purchase, detailing co-owners' rights, obligations, and property management framework.

find out more

Simple For Sale By Owner Contract

A straightforward property sale agreement for direct transactions between owners and buyers in Nigeria, compliant with local property laws.

find out more

Letter Of Offer To Purchase Property

A formal written offer to purchase property in Nigeria, outlining the proposed purchase price and terms, governed by Nigerian property law and the Land Use Act.

find out more

Letter Of Intent To Purchase Land

A preliminary document used in Nigerian land transactions to express formal interest in purchasing land and outline basic terms of the proposed acquisition.

find out more

Buyers Agreement Form

A Nigerian law-governed agreement that establishes terms and conditions between buyer and seller for purchase transactions, ensuring legal compliance and protecting both parties' interests.

find out more

Assignable Real Estate Contract

A Nigerian law-governed contract for real estate sales with built-in assignment rights, enabling property transfer and subsequent reassignment of contractual rights.

find out more

Buyers Agreement Contract

A Nigerian law-governed agreement that establishes terms and conditions between buyer and seller for purchase transactions.

find out more

House Contract Agreement

A Nigerian law-governed residential tenancy agreement establishing terms and conditions between landlord and tenant for property rental.

find out more

Real Estate Purchase And Sale Agreement

A Nigerian law-governed agreement for the sale and purchase of real estate property, including all essential terms and regulatory compliance requirements.

find out more

Real Estate Contract

Nigerian real estate contract template for property transactions, compliant with local property laws and regulations.

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: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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 for more details and real-time security updates.

Read our Privacy Policy.