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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."
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
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
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
Real Estate
Commercial Property
Retail
Office Space
Industrial
Residential Property
Hospitality
Healthcare
Education
Manufacturing
Warehousing
Mixed-Use Development
Legal
Real Estate
Facilities Management
Operations
Finance
Risk Management
Commercial
Administration
Business Development
Property Management
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
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