TENANCY AGREEMENT

BETWEEN
MR. ANTHONY OLATUNDE BISHI
(LANDLORD)

AND

MR. ANTHONY ONUOHA

(TENANT)

IN RESPECT OF
THE OFFICE SPACE (FIRST FLOOOR) WITH APPURTENANCES ATTACHED AT 57, YAYA
ABATAN ROAD, OGBA, LAGOS STATE.

Prepared by: Ade Obatayo Esq

ADE OBATAYO & CO
(Legal Practitioners)
13/15, Independence Street
Anifowoshe Village
Ikeja
Lagos State.
07035559139

THIS TENANCY AGREEMENT is made the …..…day of ……...

………... 2024
 BETWEEN

MR. ANTHONY OLATUNDE BISHI

of 1, Jetty Road, Palm City Estate, Off Addo Road, Ajah, Eti-Osa Local
Government Area of Lagos State (hereinafter referred to as “The Landlord”
which expression shall where the context so admits include his heirs, assigns and
successors-in-title) of the one part.

AND

MR. ANTHONY ONUOHA (Pastor-In-Charge)

(Word City Church)
of 7/8, Ola Boulevard Kayfarms, Obawole, Ogba, Lagos State (hereinafter
referred to as “The Tenant” which expression shall where the context so admits
include his heirs, assigns and personal representatives) of the other part.

1. WHEREAS:
The Landlord has agreed to lease the OFFICE SPACE (FIRST FLOOR) with
appurtenances attached thereto being part of his building located at 57,
Yaya Abatan Road, Ogba, Lagos State to the Tenant and the Tenant has
agreed to take the lease subject to the terms and conditions hereinafter
stated.

2. NOW IT IS HEREBY AGREED as follows:

In pursuance of the said agreement and in consideration of the rent
hereinafter contained, the Landlord HEREBY DEMISES UNTO THE Tenant
ALL THAT OFFICE SPACE (FIRST FLOOR) with appurtenances attached
thereto situate at 57, Yaya Abatan Road, Ogba, Lagos State hereinafter
referred to as ‘the demised premises’ to hold the same from the 1st day of
March, 2024 for a term of one (1) year certain terminating on the 28th day
of February, 2025, the rent being the sum of N3,000,000.00 (Three Million
naira) only paid in advance (the receipt whereof the Landlord hereby
acknowledges).
3. THE TENANT HEREBY COVENANTS WITH THE LANDLORD as follows:

i. To pay the rent yearly at the time and in the manner aforesaid without any
deduction whatsoever. However, a new rent shall be paid in advance and
renewal paid within two months prior to expiration of the current term.

ii. To pay and discharge all electricity and water bills which are or may
hereafter be assessed, charged or imposed or payable in respect of the
demised premises during the term hereby granted.

iii. To pay, bear and discharge proportionate part of all rates, taxes and
assessment, imposition, duties, charges and outgoings whatsoever whether
imposed by Federal, State or Local Authority which are now or may
hereafter become imposed or charged upon the occupiers of the demised
premises during the term hereby granted.

iv. To use all fixture and fittings in the demised premises in a reasonable and
tenantable manner and to replace or repair missing items or all damaged
and defects caused by him or by his servants and or agents.

v. Except with the consent of the Landlord or his authorized representative in

writing, the Tenant shall not make any structural alteration, renovations or
additions to the demised premises or any part thereof.

vi. Not to assign, sub-let or otherwise part with or share possession of the
demised premises or any part thereof without the written consent of the
Landlord or his authorized representative.

vii. To use the demised premises for Commercial Purpose only and not to use
suffer or permit anyone to use the same for any other purpose.

viii. At the expiration or termination of the lease hereby granted, to yield up

possession of the demised premises with all the Landlord’s fittings, to the
Landlord or his authorized representative in such a state of repair,
condition, order and preservation as they were at the commencement of
this lease.

ix. To permit the Landlord and his duly authorized estate surveyors or
authorized representative with or without workmen at all reasonable times
 to enter into the premises and examine the condition thereof and
thereupon, the Landlord may serve on the Tenant notice in writing
specifying any repairs necessary to be done and require the Tenant to
effect same.

x. Not to do or permit or suffer to be done any act, deed, matter or thing

whatsoever, whereby the risk of the house being destroyed or damaged by
fire shall be increased, so as to require an additional premium for insuring
the same.

xi. Not to do anything or suffer or permit any person residing with him or any
guest or visitor to do something likely to cause inconvenience or annoyance
or be a nuisance or in any way interfere with the quiet or comfort of
adjoining or neighbouring occupiers.

xii. Not to do or permit to be done any illegal or unlawful acts on the premises.

xiii. In the event of power failure, to use generator within reasonable hours
according to stipulations in the community for security reasons.

xiv. To participate in the general cleaning of the compound during the monthly
environmental sanitation exercise and to pay his share of cleaner’s salary (if
any) regularly.

4. THE LANDLORD COVENANTS WITH THE TENANT as follows:

i. To keep the demised premises structurally sound (and in good and

tenantable repair and condition) including the exterior of the building and
all additions thereto.

ii. That the Tenant paying the rent hereby reserved and observing the several
covenants and stipulations on his part herein contained shall peaceably
hold and enjoy the demised premises and any fixture therein during the
continuance of the tenancy without any interruption by the Landlord or any
person rightfully claiming under or in trust for the Landlord.

iii. That the Tenant may install air-conditioning unit(s) and other Tenant
fittings upon the demised premises provided that same shall be removed at
 the termination of the term hereby created and upon such removal to
restore the premises to its former state prior to such installation or fitting.
On no condition whatsoever must window unit be installed.

5. PROVIDED ALWAYS and it is hereby expressly agreed as follows:

i. That if any covenants on the part of the Tenant herein contained shall not
be performed and remain unperformed for a period not exceeding one (1)
month after a prior written notice to the Tenant to remedy such default
then and in any of the said case, it shall be lawful for the Landlord at any
time thereafter to re-enter upon the property or any part thereof and
thereupon this lease shall absolutely determine but without prejudice to
any rights or obligation which may have accrued to either party during the
term of this tenancy/lease.

ii. That the rent hereby reserved shall be subject to upward review at any
time it becomes necessary to do so.

iii. That this tenancy is for a fixed term and becomes determined upon the
expiration of the rent paid by the Tenant. Upon determination of tenancy, a
7 days’ Notice is sufficient to terminate this tenancy and the tenant is
expected to handover possession. However, the terms of this agreement
shall serve as the model for subsequent tenancies of the tenant and
subsequent tenancies created shall be fixed in nature.

iv. That failure of either party to insist upon the strict performance of any of
the terms, conditions and covenants herein contained shall not be deemed
a waiver of any subsequent breach or default of any of the terms,
conditions or covenants on their part herein contained.

v. That all notices required to be given to the Tenant under the terms of this
lease shall be sufficiently served on the Tenant if left on the demised
premises or sent to him by registered post AND if addressed to the
Landlord it shall be sufficiently served if sent by registered post to the
Landlord’s address provided that where notice(s) are sent by registered
 post, it shall be deemed to have been duly served on the date of such
registration.
IN WITNESS WHEREOF the parties have hereunto set their hands and seals the
day and year first above written.

SIGNED, SEALED AND DELIVERED

By the within-named LANDLORD
MR. ANTHONY OLATUNDE BISHI ___________________
LANDLORD
In the presence of:

Name:
Address:
Occupation:
Signature:

SIGNED, SEALED AND DELIVERED

By the within-named TENANT
MR. ANTHONY ONUOHA (PIC)
(Signing on behalf of WORD CITY CHURCH) ___________________
TENANT
In the presence of:

Name:
Address:
Occupation:
Signature: