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Simple Land Lease Agreement
"I need a Simple Land Lease Agreement for a 2-hectare commercial property in Lagos State, Nigeria, starting from March 1, 2025, with a 5-year term and quarterly rent payments, including options for renewal and subletting provisions."
1. Parties: Identification and details of the Lessor and Lessee, including their full legal names, addresses, and contact information
2. Background: Brief context of the lease arrangement and confirmation of the Lessor's authority to lease the property
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Term', 'Rent', and other relevant definitions
4. Property Description: Detailed description of the leased property, including its location, boundaries, and size
5. Term and Commencement: Duration of the lease and its start date
6. Rent and Payment Terms: Amount of rent, payment schedule, method of payment, and any rent review provisions
7. Security Deposit: Amount, terms, and conditions for the security deposit
8. Use of Property: Permitted uses of the property and any restrictions
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
10. Utilities and Services: Responsibility for utility payments and service charges
11. Insurance: Insurance requirements for both parties
12. Termination: Conditions and procedures for ending the lease
13. Governing Law: Specification that the agreement is governed by Nigerian law
14. Dispute Resolution: Process for resolving disputes between parties
1. Assignment and Subletting: Terms for transferring the lease or subletting the property, if permitted
2. Improvements and Alterations: Terms regarding modifications to the property, used when improvements are anticipated
3. Option to Renew: Terms for lease renewal, included when offering renewal options
4. Option to Purchase: Terms for potential property purchase, included when offering purchase options
5. Agricultural Provisions: Specific terms for agricultural land use, included for rural or farming properties
6. Environmental Compliance: Environmental protection requirements, included for commercial or industrial properties
7. Force Majeure: Provisions for unforeseen circumstances, included in longer-term leases
8. Right of First Refusal: Lessee's right to match any purchase offers, included when this option is offered
1. Schedule 1 - Property Details: Detailed property description, including survey plans, land measurements, and boundaries
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including due dates and amounts
3. Schedule 3 - Inventory: List of any fixtures, fittings, or equipment included in the lease
4. Schedule 4 - Condition Report: Detailed description of the property's condition at the start of the lease
5. Schedule 5 - Permitted Uses: Detailed list of allowed activities and uses for the property
6. Appendix A - Required Certificates: Copies of relevant certificates, including land title documents and necessary permits
7. Appendix B - Property Photos: Photographic evidence of the property's condition at lease commencement
Authors
Real Estate
Agriculture
Commercial Property
Residential Property
Industrial
Retail
Hospitality
Education
Healthcare
Manufacturing
Logistics
Mining
Construction
Religious Organizations
Legal
Real Estate
Operations
Facilities Management
Finance
Compliance
Property Management
Business Development
Administration
Risk Management
Corporate Services
Legal Counsel
Property Manager
Real Estate Manager
Facilities Manager
Operations Director
Company Secretary
Land Administrator
Estate Agent
Business Development Manager
Contract Manager
Compliance Officer
Chief Financial Officer
Managing Director
Property Developer
Agricultural Manager
Site Manager
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