BETWEEN ALHAJI USMAN ADEBAYO SALAMI OF PLOT 383, GEORGE
CRESCENT, OGBA, IKEJA, LAGOS STATE (HEREINAFTER REFERRED TO AS THE "THE LANDLORD") OF THE ONE PART AND TAOHEED ISLAMIC MUSLIM YOUTH ASSOCIATION OF 65, OLD OTTA ROAD, LAGOS STATE (HEREINAFTER REFERRED TO AS THE"TENANT") OF THE OTHER PART, WHEREBY IT IS AGREED AS FOLLOWS: The Landlord lets and the Tenant takes all the premises, comprising of the main building containing four (4) Nos 3 bedroom flat and a rear building comprising of Two (2) Nos 3 bedroom flat at 65, Old O a Rad, Lagos State for a term. certain of FIVE YEARS CERTAIN from the 1st December 2006 at an annual rent of U400,000.00 (Four hundred thousand naira) net of withholding tax and the sum U800,000.00 (Eight hundred thousand naira) representina rent for the first two years having been paid on the execution of these presents (the receipt whereof the Landlord acknowledge). The Tenant and to the intent that the obligation may continue throughout the term hereby granted covenants with the Landlord as follows: To pay rent herein reserved on the day arid in: he manner aforesaid. To bear, pay, discharge or cause to be paid and discharged a\\eAsting and future water, Tenement, neighbarhood, improvement\evies\mposed or charged upon the demised premises or upon the owner or occupier in respect thereof. To bear, pay and discharge the cost of the preparation of this Tenancy Agreement, including stamp duties. To bear, pay, discharge all bilis with respect to electricity consumed on the premises. To make available on a monthly basis or as the Landlord and or his agents may direct the proof of payment of PHCN Bill(S) relating to the demised premises To keep and maintain the interior nf the demised premises including all fixtures and fittings whether Landlord's or Tenant's in good repair and conc, itions, reasonable wear and tear and damage by or act of God generally excepted. vii. To redecorate the interior of the demised premises thr oughout at the expwa tion or sooner determination of the tenancy. X, Xl xiv. (V. To be responsible jointly with the other occupiers of the demised premises for serving the demised premises. the upkeep, cleaning and dislodgement of the septic tank and soakaway pits To permit the Landlord and or his duly authorised agents at afl reasonable imes to enter and examine the state of repair of the demised premises and cause forthwith to be repaired and amend in a riroper and workmanlike manner any defects for which the Tenant is liable and of which written notices shall be given to the Tenant. Not to assign, underlet or part with the possession of the demised premises or any part thereof without first obtaining the written consent of the Landlord and such consent shall not unreasonably be withheld by the Landlord in the case of a responsible tenant. Not to make any alterahons in or add, tion to the demised prem, ses. Itho. t the Landlord's written mnsent. Not to erect or install any Radio or Television Aerials in or about the premises without the written consent of the Landlord as to the type, situation and means of installation and fixing in particular, the tenant shall be required to indemn ify the Landlord at all times in respect of any damage to the roof or other parts of the building or its environment and in respect of any damage to the interior or contents as a result of weather-proofing caused direcuy by the erec!% on ot the aerials shotJld the aerial for any reaser, ac: as a: ighting conductor, the tena nt V. ! H be responsiole for all consequential damage or loss not covered by the Landlord's policy of insurance. Not to do or permit or suffer to be dohe upon the demised premises anything, which may be or grow to be a nuisance or annoyance to the landlord and or the other tenants or occupiers of the other parts of the building. Not to store highly flammable or dangerous petroleum products on the demised premises except diesel Oil premises for operating generating sets. To yield up the demised'premises at the end of the Tenancy with fixtures therein good and tenantable condition. 'I. To pay the balance of N1,200,000(One million, two hundred thousand naira) representing the rent for the period 1 st December 2008 to 30th November 2011 on or before the 31 S t day of May 2007. LANDLADY HEREBY COVENANTS WITH THE TENANT AS FOLLOWS. That the tenant paying the rent reserved punctually and observing ar performing all the obligations under this Tenancy Agreement shall quieuy eni the demised premises without any interruption by the Landlord or any persc rightfully claiming under or in trust for him. To keep the demised premises structurally sound wind and watertight and t exterior thereof and all structural additions thereto and the boundary wal fence and passages of the demised premises in good and tenantable rep and condition. \N WITNESS HEREOF THE PARTIES HAVE THE DAY AND YEAR ABO WRITTEN SET THEIR HANDS. S\GNED BY THE WITHIN NAMED LANDLORD