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Non Exclusive Lease Template for Nigeria

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Key Requirements PROMPT example:

Non Exclusive Lease

"I need a Non-Exclusive Lease agreement for a retail space in a shopping mall in Lagos, Nigeria, starting from March 1, 2025, with provisions for shared facilities maintenance and service charges for common areas."

Document background
This Non-Exclusive Lease agreement is designed for use in Nigeria when a property owner wishes to lease premises while retaining the right to lease other portions of the property to different tenants. It is particularly suitable for multi-tenant buildings, office complexes, shopping centers, or any property where shared facilities and common areas exist. The document complies with Nigerian property law requirements, including the Land Use Act of 1978 and relevant state-specific regulations. It contains detailed provisions for rent payment, maintenance obligations, use of shared facilities, and dispute resolution mechanisms. This type of agreement is essential for protecting both landlord and tenant interests while ensuring clear understanding of the non-exclusive nature of the lease and associated rights and responsibilities.
Suggested Sections

1. Parties: Identification of the landlord and tenant with full legal names and addresses

2. Background: Context of the lease arrangement and confirmation of the landlord's authority to lease

3. Definitions: Key terms used throughout the lease agreement

4. Demise: Formal grant of the lease and specification of its non-exclusive nature

5. Term: Duration of the lease, including start and end dates

6. Rent: Rent amount, payment schedule, and method of payment

7. Service Charges: Additional charges for maintenance, utilities, and shared services

8. Use of Premises: Permitted use of the property and any restrictions

9. Tenant's Covenants: Tenant's obligations including maintenance, repairs, and conduct

10. Landlord's Covenants: Landlord's obligations including maintenance of structure and insurance

11. Insurance: Required insurance coverage and responsibilities

12. Default and Remedies: Consequences of breach and available remedies

13. Termination: Grounds and procedures for ending the lease

14. Notices: Method and addresses for formal communications

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

16. Execution: Signature blocks and execution requirements

Optional Sections

1. Security Deposit: Terms for security deposit if required - include when landlord requires deposit

2. Utilities: Detailed provisions for utility responsibilities - include when utilities are separately metered

3. Alterations: Provisions for modifications to premises - include for commercial properties

4. Assignment and Subletting: Rights to transfer the lease - include for longer-term leases

5. Force Majeure: Provisions for unforeseen circumstances - include for longer-term or high-value leases

6. Environmental Matters: Environmental obligations - include for industrial or commercial properties

7. Option to Renew: Terms for lease renewal - include when agreed with landlord

8. Shared Facilities: Rules for common areas - include when property has shared spaces

9. Guarantor Provisions: Terms for lease guarantor - include when guarantor is required

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the leased premises including floor plans and boundaries

2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates

3. Schedule 3 - Service Charge Items: Itemized list of service charges and calculation method

4. Schedule 4 - Property Inventory: List of fixtures, fittings, and furniture if furnished

5. Schedule 5 - Building Rules: Rules and regulations for the property or building

6. Appendix A - Property Photos: Photographic evidence of property condition at lease start

7. Appendix B - Utilities Reading: Initial utility meter readings at lease commencement

Authors

Alex Denne

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

Relevant legal definitions




































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Relevant Industries

Real Estate

Commercial Property

Retail

Office Space

Industrial

Residential Property

Hospitality

Healthcare

Education

Manufacturing

Warehousing

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Risk Management

Commercial

Administration

Business Development

Property Management

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Commercial Director

Operations Manager

Asset Manager

Leasing Manager

Property Administrator

Real Estate Agent

Business Development Manager

Contract Manager

Company Secretary

Chief Financial Officer

Risk Manager

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

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