THIS DEED OF SUB-LEASE made this ………….. day of …………… 2012

NOW THIS SUB-LEASE WITNESSES AS FOLLOWS:

1. In consideration of the rent and covenants reserved in this Deed, the Sub-Lessor AS BENEFICIAL OWNER demises to the Sub-Lessee ALL THAT four bedroom bungalow at No. 13 Chime Avenue, Enugu, Enugu State covered by a certificate of Statutory Occupancy registered as 45/45/2345 and rightly described in the survey plan attached to the 1st Schedule referred to as ‘The demised Premises’
2. TO HOLD UNTO the Sub-Lessee for a term of ten (10) years commencing on the 1stday of February 2012 and to expire on the 31st day of January 2022, subject to any proviso for determination contained in this Sub-Lease.
3. PAYING the sum of three million naira only per annum (N3, 000, 000.00) (the receipt of which the Sub-Lessor hereby acknowledges) as rent for the term granted, payable in advance the first of such payment to be made on the 2 day of February 2012.

(THE COVENANTS ARE TO BE HERE AS PART OF THE MISCELLANEOUS PART OF THIS SUBLEASE)

PROVIDED ALWAYS THAT in breach of any of the covenants contained in this Deed by the Sub-lessee, the Sub-Lessor may forfeit the sub-lease by re-entering the premises or any part of it and the term granted in this Deed shall come to an end immediately.

OPTION TO RENEW:
The Sub-Lessor shall on the written request of the Sub-Lessee made three (3) months before the expiration of the term hereby created, grant to the Sub-Lessee the sub-Lease of the demised premises for another term of three (3) years at a rent to be agreed and containing all the terms and conditions of this Deed EXCEPT the option to renew and the rent clause.

IN WITNESS OF WHICH the sub-Lessor has made her mark and the Sub-Lessee has caused its common seal to be affixed on this Deed in the manner below the day and year first above written.

The contents of the foregoing having been first read and explained to her from English Language to Yoruba Language by me Felicia Olutope of ………………… when she appeared perfectly to understood same before making her thumb impression above.

The common seal of the Sub-Lessee is affixed on this Deed the ……. day of ……….. 2012 and dully delivered in the presence of: