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The Sublessor Sublessee Agreement is a critical legal document used in Nigeria when a tenant wishes to transfer their leasehold rights to another party while maintaining the original lease agreement with the landlord. This document is essential in both commercial and residential contexts where the original tenant cannot or does not wish to utilize the full term or space of their lease. The agreement must comply with Nigerian federal and state property laws, including the Recovery of Premises Act and state-specific Rent Control laws. It typically includes detailed terms about property use, rent payments, maintenance responsibilities, and the relationship between all parties involved. The document requires explicit consent from the original landlord and must preserve all obligations under the master lease while establishing new rights and duties between the sublessor and sublessee. This type of agreement is particularly important in urban areas like Lagos, Abuja, and Port Harcourt, where property subleasing is common in commercial and residential sectors.

1. Parties: Identification of the Sublessor and Sublessee with full legal names and addresses

2. Background: Context of the sublease, including reference to the master lease and confirmation of the landlord's consent

3. Definitions: Key terms used throughout the agreement including Property, Term, Rent, Security Deposit, and Master Lease

4. Grant of Sublease: Formal statement of the sublease grant and description of the subleased premises

5. Term and Renewal: Duration of the sublease, commencement date, end date, and any renewal options

6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment penalties

7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit

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

9. Maintenance and Repairs: Responsibilities of each party for maintaining and repairing the property

10. Utilities and Services: Responsibility for utilities, services, and related payments

11. Insurance and Liability: Insurance requirements and allocation of liability between parties

12. Default and Remedies: Events of default and available remedies for both parties

13. Master Lease Compliance: Sublessee's obligations to comply with master lease terms

14. Assignment and Further Subletting: Restrictions on assignment or further subletting of the premises

15. Notices: Process and addresses for formal communications between parties

16. Governing Law: Specification of Nigerian law as governing law and jurisdiction

17. Termination: Conditions and procedures for early termination

18. Signature: Execution clause and signature blocks for all parties