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Co Tenancy Agreement
"I need a Co-Tenancy Agreement for a 4-bedroom apartment in Lagos, Nigeria, to be shared by three international students starting January 2025, with specific provisions for rent payment in foreign currency and rules about academic term breaks."
1. Parties: Identification of all co-tenants and the landlord, including full names, addresses, and contact information
2. Background: Context of the agreement, including property details and purpose of co-tenancy arrangement
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Term of Agreement: Duration of the co-tenancy, including start and end dates
5. Rent and Security Deposit: Total rent amount, individual shares, payment schedule, and security deposit arrangements
6. Utilities and Bills: Division of responsibility for utilities, services, and other regular expenses
7. Common Areas: Rules regarding use and maintenance of shared spaces
8. Maintenance and Repairs: Responsibilities for property maintenance and procedure for reporting repairs
9. House Rules: Basic rules for peaceful cohabitation, including noise, guests, and cleaning responsibilities
10. Termination and Notice: Conditions and procedures for ending the agreement or individual co-tenancy
11. Dispute Resolution: Process for resolving conflicts between co-tenants
12. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction
1. Pet Policy: Rules regarding pet ownership if allowed by the landlord
2. Parking Arrangements: Allocation and rules for parking spaces if applicable
3. Storage Space Allocation: Distribution of storage areas if available
4. Subletting: Terms and conditions for subletting, if permitted
5. Special Arrangements: Any specific arrangements between co-tenants (e.g., room rotation, special facilities)
6. Insurance Requirements: Specifications for required insurance coverage
7. Quiet Hours: Specific quiet hours if needed for student or professional housing
8. Work from Home Policy: Guidelines for using common spaces for work if relevant
1. Schedule A - Property Details: Detailed description of the property, including floor plan and included furnishings
2. Schedule B - Rent Schedule: Detailed breakdown of rent shares and payment dates
3. Schedule C - Inventory List: List of furniture and appliances provided by landlord or owned jointly by tenants
4. Schedule D - Utility Account Details: Account numbers and payment arrangements for various utilities
5. Schedule E - Maintenance Schedule: Regular maintenance tasks and responsibility rotation
6. Appendix 1 - House Rules: Detailed house rules and regulations
7. Appendix 2 - Contact Information: Complete contact details for all parties, emergency contacts, and important service providers
Authors
Real Estate
Residential Property
Commercial Property
Student Housing
Shared Workspace
Property Management
Legal Services
Education
Corporate Housing
Legal
Real Estate
Property Management
Facilities
Operations
Student Services
Compliance
Administrative Services
Tenant Relations
Contract Management
Property Manager
Real Estate Agent
Legal Counsel
Housing Officer
Tenant Relations Manager
Facilities Manager
Student Housing Coordinator
Property Administrator
Leasing Manager
Real Estate Attorney
Housing Director
Compliance Officer
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