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Commercial Sublease Agreement

Commercial Sublease Agreement Template for Nigeria

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Key Requirements PROMPT example:

Commercial Sublease Agreement

"I need a Commercial Sublease Agreement for a retail space in Lagos, Nigeria, with a 3-year term starting March 1, 2025, including specific provisions for signage rights and customer parking allocation."

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Document background
The Commercial Sublease Agreement is a vital legal instrument used in Nigerian business operations when an existing tenant wishes to transfer partial or full rights of their leased premises to another party while maintaining their original lease agreement with the landlord. This document is essential in situations where businesses need to optimize their space usage, reduce costs, or accommodate changing space requirements. The agreement must comply with Nigerian property laws, particularly the Land Use Act 1978, and typically requires the master landlord's consent. It includes detailed provisions for rent, maintenance, insurance, and other obligations, while ensuring that the subtenant's use aligns with both the master lease terms and local regulations. The document is particularly relevant in urban commercial centers like Lagos, Abuja, and Port Harcourt, where commercial property subleasing is common practice.
Suggested Sections

1. Parties: Identification of the Sublandlord (original tenant) and Subtenant, including full legal names, registration numbers for companies, and addresses

2. Background: Recitals explaining the context of the sublease, including reference to the master lease and the Sublandlord's authority to sublease

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

4. Demise: The formal granting of the sublease, specifying the premises being subleased

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

6. Rent and Other Payments: Details of rent amount, payment schedule, security deposit, and other financial obligations

7. Use of Premises: Permitted use of the premises and any restrictions

8. Maintenance and Repairs: Responsibilities for maintaining and repairing the premises

9. Alterations and Improvements: Rules regarding modifications to the premises

10. Insurance and Liability: Required insurance coverage and allocation of risks

11. Assignment and Further Subletting: Restrictions on transfer of the sublease interest

12. Compliance with Master Lease: Subtenant's obligations to comply with master lease terms

13. Default and Remedies: Events of default and available remedies

14. Termination: Conditions and procedures for ending the sublease

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

Optional Sections

1. Utilities and Services: Details of responsibility for utilities when not included in rent

2. Signage Rights: Rules regarding exterior and interior signage when applicable

3. Parking: Allocation of parking spaces when parking is available

4. Common Areas: Rights and obligations regarding shared facilities when applicable

5. Environmental Matters: Special provisions for properties with environmental concerns

6. Security Arrangements: Special security requirements for high-security premises

7. Force Majeure: Provisions for unforeseen circumstances affecting performance

8. Option to Purchase: Right to purchase the property if agreed with master landlord

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the subleased premises including floor plans and measurements

2. Schedule 2 - Master Lease: Copy or relevant excerpts of the master lease agreement

3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments, including any escalations

4. Schedule 4 - Condition Report: Description of the premises condition at commencement of sublease

5. Schedule 5 - Fitting Out Specifications: Specifications for any permitted tenant improvements

6. Schedule 6 - Service Charges: Breakdown of service charges and operating expenses if applicable

7. Appendix A - Required Insurances: Detailed list of required insurance coverage

8. Appendix B - Rules and Regulations: Building rules and regulations applicable to the subtenant

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


































Clauses




































Relevant Industries

Retail

Office Space

Industrial

Hospitality

Healthcare

Technology

Financial Services

Manufacturing

Logistics

Professional Services

Education

Entertainment

Food and Beverage

Warehousing

Telecommunications

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Risk Management

Administration

Property Management

Corporate Services

Relevant Roles

Real Estate Manager

Property Manager

Facilities Manager

Legal Counsel

Corporate Lawyer

Operations Director

Chief Financial Officer

Business Development Manager

Commercial Director

Compliance Officer

Contract Manager

Risk Manager

Estate Agent

Property Developer

Office Manager

Company Secretary

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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