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Tenancy Agreement With Guarantor Template for Nigeria

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Key Requirements PROMPT example:

Tenancy Agreement With Guarantor

"I need a Tenancy Agreement with Guarantor for a 3-bedroom residential property in Lagos, Nigeria, starting March 2025, where the tenant's parent will act as guarantor and we need to include specific provisions for quarterly rent payments and maintenance responsibilities."

Document background
The Tenancy Agreement With Guarantor is a crucial legal document used in Nigerian property leasing transactions where additional security is required beyond the standard tenant commitments. It is commonly employed in situations involving first-time tenants, students, individuals with limited credit history, or high-value property rentals. The document incorporates all standard tenancy provisions while also detailing the guarantor's obligations and liability extent under Nigerian law. This agreement type is particularly relevant in urban areas like Lagos, Abuja, and Port Harcourt, where formal rental arrangements are standard. It must comply with both federal legislation such as the Recovery of Premises Act and relevant state-specific tenancy laws. The document serves to protect all parties' interests by clearly defining roles, responsibilities, and remedies available under Nigerian law.
Suggested Sections

1. Parties: Identification of the Landlord, Tenant, and Guarantor including full names, addresses, and contact details

2. Background: Brief context of the agreement and property letting

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Description of the property being let and the term of the tenancy

5. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and review provisions

6. Security Deposit: Amount, payment terms, and conditions for return of the security deposit

7. Guarantor's Obligations: Detailed obligations and extent of the guarantor's liability

8. Tenant's Obligations: Comprehensive list of tenant responsibilities including maintenance, use of premises, and conduct

9. Landlord's Obligations: Detailed responsibilities of the landlord regarding property maintenance and services

10. Utilities and Services: Responsibility for payment and maintenance of utilities and services

11. Insurance: Requirements for insurance coverage by both parties

12. Access and Inspection: Conditions under which the landlord may access the property

13. Termination: Circumstances and procedures for ending the tenancy

14. Notices: Process for serving formal notices between parties

15. Governing Law: Specification of Nigerian law as governing law and jurisdiction

Optional Sections

1. Sub-letting and Assignment: Include when sub-letting or assignment might be permitted under specific conditions

2. Furnished Property Provisions: Include when the property is let furnished with inventory

3. Pet Provisions: Include when pets are allowed or specifically prohibited

4. Special Use Conditions: Include for properties with specific use restrictions or requirements

5. Break Clause: Include when early termination options are offered

6. Rent Review Mechanism: Include when specific rent review procedures are required

7. Multiple Occupancy Rules: Include for properties shared by multiple tenants

8. Property Management Company: Include when a management company is involved in property administration

Suggested Schedules

1. Schedule 1: Property Description: Detailed description of the property including boundaries and included fixtures

2. Schedule 2: Inventory: Detailed list of furnishings and their condition if property is furnished

3. Schedule 3: Service Charges: Breakdown of any additional service charges and maintenance fees

4. Schedule 4: House Rules: Specific rules and regulations for the property or building

5. Schedule 5: Guarantor's Details: Complete information about the guarantor including financial status

6. Appendix A: Property Photos: Photographic evidence of property condition at start of tenancy

7. Appendix B: Utility Readings: Initial utility meter readings at commencement of tenancy

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































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Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Legal Services

Property Development

Housing Associations

Student Accommodation

Corporate Housing

Retail

Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Compliance

Administrative Services

Asset Management

Tenant Relations

Contract Management

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Housing Officer

Facilities Manager

Leasing Manager

Property Administrator

Compliance Officer

Tenant Relations Manager

Asset Manager

Real Estate Portfolio Manager

Housing Coordinator

Legal Administrator

Property Consultant

Estate Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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