Landlord Name
VI Commercial Holdings
Tenant Name
TechVentures Nigeria Ltd
Property Address
45 Akin Adesola Street, Victoria Island, Lagos
Lease Start Date
2026-08-01
Lease End Date
2029-07-31
Lease Term
3 years
Base Rent
₦24,000,000/year
Rent Escalation
10% every 2 years
Security Deposit
₦6,000,000
CAM Charges
₦3,600,000/year
Assignment Clause
Permitted with 30 days notice
Termination Clause
Early termination penalty of 6 months rent
Renewal Option
One 2-year option at 5% increase
Operating Expenses
Fixed CAM contribution