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Rent To Rent Management Contract Template for Nigeria

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Key Requirements PROMPT example:

Rent To Rent Management Contract

"I need a Rent To Rent Management Contract for a 20-unit residential apartment building in Lagos, Nigeria, where my company will take over full management responsibilities and sub-letting rights from March 2025, with special emphasis on student accommodation provisions and quarterly financial reporting requirements."

Document background
The Rent To Rent Management Contract is essential for property arrangements in Nigeria where professional managers or companies seek to lease properties for the purpose of sub-letting and management. This document is particularly relevant in urban areas like Lagos, Abuja, and Port Harcourt, where the property market demands professional management solutions. The contract addresses the complex relationship between property owners and rent-to-rent managers, covering crucial aspects such as management fees, maintenance responsibilities, sub-letting terms, and compliance with both federal and state-specific property laws. It's designed to protect all parties' interests while ensuring efficient property management and income generation through legal sub-letting arrangements.
Suggested Sections

1. Parties: Identification of the Property Owner (Landlord) and the Rent to Rent Manager (Primary Tenant)

2. Background: Context of the agreement, including property details and purpose of the rent to rent arrangement

3. Definitions: Key terms used throughout the agreement including Property, Management Services, Sub-tenants, Rental Income, etc.

4. Grant of Lease: Terms under which the property is leased to the Rent to Rent Manager

5. Management Rights and Obligations: Detailed responsibilities of the Rent to Rent Manager regarding property management and sub-letting

6. Financial Terms: Rent payment terms, management fees, deposit arrangements, and income distribution

7. Property Maintenance: Responsibilities for repairs, maintenance, and improvements

8. Sub-letting Terms: Conditions and restrictions for sub-letting the property

9. Insurance Requirements: Required insurance coverage for both property and business operations

10. Duration and Termination: Contract length, renewal terms, and termination conditions

11. Dispute Resolution: Procedures for handling disputes between parties

12. Governing Law: Specification of Nigerian law and relevant jurisdictions

Optional Sections

1. Guarantor Provisions: Required when additional financial security is needed through a guarantor

2. Utilities Management: Include when the Rent to Rent Manager is responsible for utility accounts and payments

3. Property Staff Management: Needed when the property requires on-site staff or security personnel

4. Marketing Rights: Include when specific marketing arrangements or restrictions need to be defined

5. Emergency Procedures: Required for larger properties or those with specific safety requirements

6. Change of Ownership Provisions: Include when there's possibility of property sale during the contract term

7. Environmental Compliance: Required for properties with specific environmental considerations or requirements

Suggested Schedules

1. Property Description: Detailed description of the property including photographs and floor plans

2. Inventory: List of furnishings and equipment included in the property

3. Maintenance Schedule: Regular maintenance tasks and their frequencies

4. Approved Sub-letting Terms: Template agreements and terms for sub-letting

5. Financial Schedule: Breakdown of rent payments, management fees, and other financial terms

6. Service Level Agreement: Detailed performance metrics and service standards

7. Insurance Requirements: Specific insurance policies and coverage levels required

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

Relevant legal definitions












































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Relevant Industries

Real Estate

Property Management

Hospitality

Student Accommodation

Corporate Housing

Residential Property

Commercial Property

Serviced Accommodation

Relevant Teams

Legal

Operations

Property Management

Facilities Management

Asset Management

Business Development

Contracts

Real Estate

Compliance

Finance

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Asset Manager

Operations Manager

Legal Counsel

Property Investment Manager

Estate Agent

Letting Agent

Business Development Manager

Contract Manager

Property Portfolio 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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