51Ƶ

Space Rental Agreement for Nigeria

Space Rental Agreement Template for Nigeria

A comprehensive legal document governed by Nigerian law that establishes the terms and conditions for the rental of commercial space between a landlord and tenant. This agreement details crucial aspects including rent payment terms, duration of tenancy, maintenance responsibilities, permitted use of space, and obligations of both parties. It incorporates relevant provisions from Nigerian property law, particularly the Land Use Act and state-specific tenancy regulations, ensuring compliance with local legal requirements while protecting the interests of all parties involved. The document includes specific provisions for security deposits, utilities, maintenance, and dispute resolution mechanisms within the Nigerian legal context.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Space Rental Agreement?

The Space Rental Agreement serves as a crucial legal instrument in Nigerian commercial property transactions, designed to establish and regulate the relationship between property owners and tenants seeking commercial space. This document is essential when any business or individual needs to rent commercial premises in Nigeria, whether for retail, office, or industrial use. It encompasses all necessary elements required under Nigerian law, including compliance with the Land Use Act, state-specific tenancy laws, and relevant property regulations. The agreement typically includes detailed provisions for rent payment, maintenance obligations, permitted use of the premises, insurance requirements, and termination conditions. It's specifically structured to protect both landlord and tenant interests while ensuring alignment with Nigerian commercial property practices and legal requirements. The document should be customized based on the specific type of commercial space, location within Nigeria, and any special requirements of the parties involved.

What sections should be included in a Space Rental Agreement?

1. Parties: Identification and details of the landlord and tenant, including registration numbers for companies

2. Background: Context of the agreement and brief description of the premises and intended use

3. Definitions: Definitions of key terms used throughout the agreement

4. Premises Description: Detailed description of the rented space, including boundaries and common areas

5. Term and Commencement: Duration of the lease and commencement date

6. Rent and Payment Terms: Rental amount, payment schedule, and payment methods

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

8. Utilities and Service Charges: Responsibility for utilities, service charges, and other operational costs

9. Use of Premises: Permitted use of the space and any restrictions

10. Maintenance and Repairs: Responsibilities of each party for maintenance and repairs

11. Insurance: Required insurance coverage for both parties

12. Landlord's Covenants: Obligations and promises of the landlord

13. Tenant's Covenants: Obligations and promises of the tenant

14. Termination: Conditions and procedures for termination of the agreement

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

What sections are optional to include in a Space Rental Agreement?

1. Fit-out Works: Include when tenant is permitted to carry out improvements or modifications to the space

2. Option to Renew: Include when offering the tenant an option to extend the lease term

3. Break Clause: Include when either party has the option to terminate early under specific conditions

4. Assignment and Subletting: Include when tenant may be allowed to assign or sublet the premises

5. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

6. Environmental Compliance: Include for properties requiring specific environmental considerations

7. Signage Rights: Include when tenant has specific rights to display signage

8. Parking: Include when parking spaces are part of the rental agreement

What schedules should be included in a Space Rental Agreement?

1. Schedule 1 - Floor Plan: Detailed floor plan of the rented space including measurements

2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included in the rental

3. Schedule 3 - Service Charges: Breakdown of service charges and calculation method

4. Schedule 4 - Building Rules: Rules and regulations for use of the building

5. Schedule 5 - Fit-out Specifications: Technical specifications for any permitted fit-out works

6. Appendix A - Handover Form: Form to be completed at the beginning and end of tenancy

7. Appendix B - Maintenance Schedule: Schedule of regular maintenance responsibilities

8. Appendix C - Insurance Requirements: Detailed insurance requirements for both parties

Authors

Alex Denne

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

Jurisdiction

Nigeria

Publisher

Genie AI

Document Type

Rental Agreement

Cost

Free to use

Find the exact document you need

Residential Property Management Agreement

A Nigerian law-governed agreement establishing terms for professional management of residential property, defining roles and responsibilities between property owners and management companies.

Download

Semi Truck Lease Agreement

A Nigerian law-governed agreement for leasing semi trucks, defining terms, conditions, and obligations between lessor and lessee.

Download

Private Rental Application Form

A standardized Nigerian rental application form for screening potential tenants, collecting essential personal, financial, and reference information in compliance with local tenancy laws.

Download

Landlord Tenant Utility Agreement

Nigerian law-governed agreement establishing utility terms and responsibilities between landlords and tenants, including payment and operational procedures.

Download

House Share Agreement

A Nigerian law-governed agreement establishing terms and conditions for multiple individuals sharing a residential property, defining rights, responsibilities, and living arrangements.

Download

Lease Agreement For Student Accommodation

A Nigerian law-governed lease agreement for student accommodation, establishing terms and conditions for student housing arrangements while ensuring compliance with local tenancy laws and educational institution requirements.

Download

Pet Agreement Form

A Nigerian-compliant legal agreement establishing terms and conditions for keeping pets in residential or commercial properties, defining rights and responsibilities of property owners and pet owners.

Download

Truck Lease Agreement Form

A Nigerian law-governed agreement establishing terms and conditions for commercial truck leasing, including operational, financial, and legal requirements.

Download

Condo Rental Agreement

A Nigerian law-governed agreement establishing terms and conditions for condominium rental, defining rights and obligations of landlord and tenant.

Download

Warehouse Lease Agreement

A Nigerian law-governed agreement establishing terms and conditions for warehouse property leasing, including operational requirements and parties' obligations.

Download

Storage Unit Contract

A Nigerian law-governed agreement for storage unit rental, defining terms, conditions, and obligations between facility operators and customers.

Download

Property Management Lease Agreement

A Nigerian law-governed agreement establishing terms for professional property management services between property owners and management companies.

Download

Family Lease Agreement

A Nigerian law-compliant lease agreement specifically designed for property rental arrangements between family members, incorporating both standard lease provisions and family-specific considerations.

Download

Facility Rental Agreement

A Nigerian law-governed agreement establishing terms and conditions for commercial facility rental, including rights, obligations, and compliance requirements.

Download

Space Rental Agreement

A Nigerian law-governed agreement establishing terms and conditions for commercial space rental between landlord and tenant, including key rental provisions and obligations.

Download

Fixed Term Lease Agreement

A Nigerian law-governed agreement establishing fixed-term tenancy terms between landlord and tenant, detailing lease conditions and obligations.

Download

Rental Extension Agreement

A Nigerian law-compliant agreement that extends an existing lease between landlord and tenant, specifying the new term duration and any modified conditions.

Download

Monthly Tenancy Agreement

A Nigerian law-compliant Monthly Tenancy Agreement template defining the rights and obligations of landlords and tenants for monthly rental arrangements.

Download

Long Term Rental Agreement

A Nigerian law-governed agreement establishing terms and conditions for long-term property rental between landlord and tenant.

Download

Commercial Parking Lot Lease Agreement

A Nigerian law-governed agreement for leasing commercial parking facilities, defining terms, obligations, and operational requirements between lessor and lessee.

Download

Basement Rental Agreement

A Nigerian law-governed agreement establishing terms and conditions for basement rental, including safety standards and tenant-landlord obligations.

Download

Rent To Own Car Contract

A Nigerian law-governed agreement enabling vehicle purchase through regular payments while allowing immediate use, with ownership transferring upon completion of payments.

Download

Weekly Lease Agreement

A Nigerian law-governed agreement establishing terms for weekly property rental, compliant with federal and state tenancy regulations.

Download

Booth Rental Contract

A Nigerian law-governed agreement for booth rental in commercial venues, establishing terms, conditions, and obligations for both landlord and tenant.

Download

Equipment Hire Agreement

A Nigerian law-governed agreement setting out terms and conditions for equipment hiring, including payment, maintenance, and liability provisions.

Download

Year Lease Agreement

A one-year rental agreement under Nigerian law establishing terms and conditions between landlord and tenant.

Download

Room Rental Agreement Shared Housing

A Nigerian law-governed agreement for room rental in shared housing arrangements, defining rights and obligations of landlords and tenants.

Download

Commercial Vehicle Lease Agreement

A Nigerian law-governed agreement for commercial vehicle leasing, establishing terms between lessor and lessee while ensuring compliance with local transportation regulations.

Download

Commercial Land Lease Agreement

A Nigerian law-governed agreement establishing terms for commercial land lease between property owner and tenant, compliant with the Land Use Act 1978.

Download

Lot Lease Agreement

A Nigerian law-governed agreement establishing terms and conditions for leasing a plot of land, ensuring compliance with the Land Use Act and state regulations.

Download

5 Year Lease Agreement

A five-year property lease agreement compliant with Nigerian law, establishing terms for property occupation and defining landlord-tenant obligations.

Download

Short Form Lease Agreement

A simplified lease agreement template for Nigerian property rentals, covering essential terms and conditions while ensuring compliance with local property laws.

Download

Company Lease Agreement

A Nigerian law-governed agreement establishing terms for commercial property lease between companies, compliant with local property and corporate regulations.

Download

10 Year Lease Agreement

A 10-year lease agreement template compliant with Nigerian law, suitable for commercial property leasing arrangements.

Download

Studio Rental Agreement

A Nigerian law-governed agreement setting out terms and conditions for studio space rental, including operational requirements and property usage rights.

Download

Retail Lease Agreement

A Nigerian law-governed agreement establishing terms for retail space rental between landlord and tenant, including commercial and operational requirements.

Download

Joint Lease Agreement

A Nigerian law-governed lease agreement establishing terms and joint liability between a landlord and multiple tenants for a single property.

Download

Commercial Real Estate Lease Agreement

A Nigerian law-governed agreement establishing terms and conditions for commercial property lease arrangements.

Download

Commercial Vehicle Rental Agreement

A Nigerian-law compliant Commercial Vehicle Rental Agreement template for structuring vehicle rental arrangements between commercial parties.

Download

Boat Rental Contract

A Nigerian law-governed agreement for boat rental, establishing terms, conditions, and compliance with NIMASA regulations.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it