¶¶Òõ¶ÌÊÓƵ

All Countries
Real Estate
Lease Assignment Agreement

Lease Assignment 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 Lease Assignment 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:

Lease Assignment Agreement

"I need a Lease Assignment Agreement for transferring a commercial warehouse lease in Lagos, Nigeria, from my company to another business, with the assignment to take effect from March 1, 2025, and including specific provisions for handling existing manufacturing equipment on the premises."

Celebrated by
Collaborations with
Investors
Document background
The Lease Assignment Agreement is a critical document used in Nigerian real estate transactions when an existing tenant wishes to transfer their leasehold interest to another party. This document is essential for ensuring legal compliance with Nigerian property laws, particularly the Land Use Act, and maintaining proper documentation of property rights transfers. The agreement becomes necessary when a tenant needs to exit a lease early, during business restructuring, or in property portfolio management. It must address specific Nigerian legal requirements, including Governor's consent for statutory rights of occupancy, proper registration with the Land Registry, and stamp duty payments. The document protects all parties' interests by clearly defining the terms of assignment, obligations, and liabilities while ensuring the new tenant (assignee) commits to the original lease terms.
Suggested Sections

1. Parties: Identification of the Assignor (current tenant), Assignee (new tenant), and Landlord

2. Background: Recitals explaining the existing lease arrangement and the intention to assign

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

4. Assignment: Core provision transferring the lease from Assignor to Assignee

5. Consideration: Details of the payment or other consideration for the assignment

6. Conditions Precedent: Required conditions to be met before assignment becomes effective, including Governor's consent where applicable

7. Assignor's Covenants: Warranties and obligations of the Assignor regarding the lease and property

8. Assignee's Covenants: Assignee's undertakings to comply with lease terms and obligations

9. Landlord's Consent: Confirmation of Landlord's approval of the assignment

10. Registration: Requirements for registering the assignment with relevant authorities

11. Costs: Allocation of costs related to the assignment, including stamp duty and registration fees

12. Governing Law: Specification of Nigerian law as governing law

13. Execution: Formal execution block for all parties

Optional Sections

1. Security Deposit: Terms regarding transfer or replacement of security deposit, if applicable

2. Outstanding Charges: Provisions dealing with any existing rent arrears or service charge obligations

3. Environmental Matters: For industrial or commercial properties where environmental obligations need to be addressed

4. Break Rights: If the original lease contains break rights that need to be specifically addressed

5. Sub-letting Provisions: If the assignment includes specific restrictions or permissions regarding sub-letting

6. Dispute Resolution: Specific dispute resolution procedures, if parties want to include mediation or arbitration provisions

7. Insurance: Special insurance requirements or transfer of existing policies

8. Guarantor Provisions: Where a guarantor is required for the Assignee's obligations

Suggested Schedules

1. Original Lease: Copy or details of the original lease being assigned

2. Property Description: Detailed description of the leased property, including plans if applicable

3. Rent and Payment Details: Schedule of rent payments, review dates, and other financial obligations

4. Condition Report: Current condition of the property at the time of assignment

5. Consent Requirements: List of required consents and their status

6. Outstanding Obligations: List of any outstanding obligations or breaches under the original lease

7. Existing Guarantees: Details of any existing guarantees or securities

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

Retail

Industrial

Hospitality

Healthcare

Education

Professional Services

Manufacturing

Logistics

Agriculture

Technology

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Risk Management

Property Management

Corporate Services

Administrative Services

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Facilities Manager

Commercial Director

Operations Manager

Contract Administrator

Compliance Officer

Asset Manager

Business Development Manager

Chief Financial Officer

Risk Manager

Company Secretary

Property Lawyer

Lease Administrator

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

Equipment Assignment Agreement

A Nigerian law-governed agreement for transferring ownership rights and title of equipment from one party to another.

find out more

Lease Assignment Letter

A formal letter under Nigerian law requesting landlord consent for transferring lease rights from an existing tenant to a new tenant.

find out more

Transfer Intellectual Property Rights Agreement

A Nigerian law-governed agreement facilitating the complete transfer of intellectual property rights between parties, ensuring legal compliance and protecting both parties' interests.

find out more

Invention Assignment Agreement

A Nigerian law-governed agreement transferring invention rights from inventor to assignee, typically used in employment or research contexts.

find out more

Domain Name Assignment Agreement

A Nigerian law-governed agreement for transferring domain name ownership rights and interests, compliant with NIRA regulations and local legal requirements.

find out more

Assignment Of Debt Agreement

A Nigerian law-governed agreement that transfers debt rights from one party to another, detailing terms, considerations, and obligations of the assignment.

find out more

Assignment Of Franchise Agreement

A Nigerian law-governed agreement transferring franchise rights and obligations from an existing franchisee to a new franchisee, with franchisor approval.

find out more

Debt Transfer Agreement

A Nigerian law-governed agreement facilitating the transfer of debt obligations from one creditor to another, including associated rights and obligations.

find out more

Transfer Of Copyright Agreement

A Nigerian law-governed agreement that transfers complete copyright ownership from one party to another, ensuring legal compliance with local intellectual property regulations.

find out more

Lease Assignment Agreement

A Nigerian law-governed agreement that transfers lease rights from an existing tenant to a new tenant, ensuring compliance with local property laws and registration requirements.

find out more

Intellectual Property Assignment Agreement

A Nigerian law-governed agreement for transferring intellectual property rights from one party to another, ensuring legal compliance and protection for both parties.

find out more

Assignment Contract

A Nigerian law-governed contract that transfers rights, interests, or property from an Assignor to an Assignee, establishing terms and conditions for the transfer.

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.