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Corporate Lease Agreement
"I need a Corporate Lease Agreement for a tech company leasing three floors of office space in Lagos, Nigeria, with specific provisions for 24/7 access and enhanced power backup systems, starting from March 2025."
1. Parties: Identification of the Landlord and Tenant, including full corporate names, registration numbers, and registered addresses
2. Background: Context of the lease arrangement and brief description of the premises
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: The formal grant of lease, specifying the premises being leased
5. Term: Duration of the lease, including commencement and expiration dates
6. Rent: Rent amount, payment terms, review provisions, and payment method
7. Security Deposit: Details of security deposit amount, terms of holding, and conditions for return
8. Permitted Use: Specified authorized uses of the premises
9. Tenant's Covenants: Tenant's obligations including maintenance, repairs, alterations, and compliance with laws
10. Landlord's Covenants: Landlord's obligations including quiet enjoyment and structural repairs
11. Insurance: Insurance requirements for both parties
12. Assignment and Subletting: Conditions under which the tenant may assign or sublet the premises
13. Termination: Circumstances and procedures for early termination
14. Forfeiture: Conditions under which the landlord may forfeit the lease
15. Notices: Process for serving notices between parties
16. Governing Law: Specification of Nigerian law as governing law and jurisdiction
17. Execution: Formal execution clause and signing blocks
1. Service Charge: Details of service charge calculations and payments - include when premises are part of a larger building or complex
2. Utilities: Specific provisions for utility connections and payments - include when utilities are not clearly covered in main covenants
3. Break Clause: Provisions allowing either party to terminate early under specific conditions - include when requested by either party
4. Rent Review: Detailed rent review mechanisms - include for longer-term leases
5. Environmental Matters: Specific environmental obligations - include for industrial or manufacturing premises
6. Planning Requirements: Special planning or zoning requirements - include when premises require specific permits or licenses
7. Alterations and Improvements: Detailed provisions for modifications - include when significant alterations are anticipated
8. Force Majeure: Provisions for unforeseen circumstances - include when requested or in areas prone to disruption
1. Schedule 1 - Property Description: Detailed description of the premises including floor plans and measurements
2. Schedule 2 - Plan: Floor plans and site maps of the premises
3. Schedule 3 - Inventory: List of fixtures, fittings, and equipment included in the lease
4. Schedule 4 - Service Charge Items: Detailed breakdown of service charge components and calculations
5. Schedule 5 - Building Rules and Regulations: Specific rules applicable to the premises or building
6. Schedule 6 - Form of Rent Review Notice: Template for rent review notifications
7. Schedule 7 - Permitted Alterations: List of alterations that can be made without landlord's consent
8. Appendix A - Corporate Authorizations: Copies of corporate authorizations and board resolutions
Authors
Real Estate
Banking and Finance
Retail
Manufacturing
Professional Services
Technology
Healthcare
Hospitality
Education
Logistics
Telecommunications
Energy
Mining
Agriculture
Construction
Legal
Finance
Operations
Facilities Management
Real Estate
Procurement
Risk Management
Compliance
Corporate Secretariat
Administration
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Real Estate Manager
Facilities Manager
Property Manager
Legal Counsel
Corporate Secretary
Operations Director
Finance Director
Procurement Manager
Risk Manager
Compliance Officer
Branch Manager
Regional Director
Asset Manager
Real Estate Director
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