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Addendum To Lease

Addendum To Lease Template for Nigeria

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Key Requirements PROMPT example:

Addendum To Lease

"I need an Addendum to Lease for my commercial property in Lagos, Nigeria, to increase the monthly rent by 15% and extend the lease term until March 2025, with the modification to take effect from January 1, 2025."

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Document background
An Addendum To Lease is a crucial document used when parties need to modify an existing lease agreement without creating an entirely new contract. This document type is particularly important in the Nigerian legal context, where property relationships are governed by both federal and state-specific legislation. It's commonly used when circumstances require changes to the original lease terms, such as rent adjustments, lease term extensions, property modifications, or updates to occupancy conditions. The addendum must comply with Nigerian property law, including the Recovery of Premises Act and relevant state tenancy laws, while ensuring proper execution with witnesses as required by local legal practice. This document type is essential for both commercial and residential leases, providing a formal and legally compliant way to document agreed changes while maintaining the validity of the original lease agreement.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including their full legal names and addresses, matching those in the original lease

2. Background: Reference to the original lease agreement, including its date of execution and brief description of why the addendum is needed

3. Definitions: Key terms used in the addendum, particularly any new terms not defined in the original lease

4. Modification Details: Specific changes being made to the original lease, clearly stating both the original clause and the new modified version

5. Effect on Original Lease: Statement confirming that all other terms of the original lease remain unchanged and in full force

6. Governing Law: Confirmation that the addendum is governed by Nigerian law and the specific state law where applicable

7. Execution: Signature blocks for all parties, including date and witness provisions as required under Nigerian law

Optional Sections

1. Term Modification: Include when changing the duration of the lease term

2. Rent Modification: Include when modifying rent amount or payment terms

3. Property Modifications: Include when changes to the property or permitted modifications are being addressed

4. Additional Occupants: Include when adding or removing authorized occupants

5. Use Clause Modifications: Include when changing the permitted use of the property

6. Security Deposit Changes: Include when modifying security deposit terms or amounts

7. Insurance Requirement Changes: Include when modifying insurance requirements

Suggested Schedules

1. Schedule A - Modified Clauses: Complete text of all modified clauses, showing both original and new versions

2. Schedule B - Property Details: If there are any changes to the property description or included amenities

3. Schedule C - Payment Schedule: If there are modifications to rent or payment terms, detailed breakdown of new payment schedule

4. Appendix 1 - Required Notices: Any statutory notices required under Nigerian law for the specific modifications being made

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 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

























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Relevant Industries

Real Estate

Commercial Property

Retail

Industrial

Office Space

Residential Property

Healthcare

Education

Hospitality

Manufacturing

Logistics

Agriculture

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Property Management

Asset Management

Compliance

Contract Administration

Corporate Services

Risk Management

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Lease Administrator

Asset Manager

Property Administrator

Real Estate Director

Operations Manager

Compliance Officer

Contract Manager

Corporate Real Estate Manager

Tenant Relations Manager

Real Estate Attorney

Property Services Coordinator

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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