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Rent Guarantor Form

Rent Guarantor Form Template for Nigeria

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Key Requirements PROMPT example:

Rent Guarantor Form

"I need a Rent Guarantor Form for a residential property in Lagos, Nigeria, where my uncle will act as guarantor for my 12-month lease starting March 1, 2025, with a monthly rent of 500,000 Naira."

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Document background
The Rent Guarantor Form is an essential document in the Nigerian rental market, used when a property owner requires additional security beyond the tenant's own covenant. This document is particularly relevant in situations where tenants may have limited credit history, are students, or are entering into high-value commercial leases. The form is structured to comply with Nigerian federal and state-specific property laws, including the Recovery of Premises Act and various state tenancy laws. It typically includes detailed information about all parties involved, the extent of the guarantee, the duration of the commitment, and the specific circumstances under which the guarantee can be enforced. The document serves as a crucial risk management tool for landlords while facilitating access to rental properties for tenants who might otherwise struggle to secure a lease.
Suggested Sections

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

2. Background: Brief context explaining the purpose of the guarantee and reference to the main tenancy agreement

3. Definitions: Defines key terms used throughout the document including 'Guaranteed Obligations', 'Property', 'Tenancy Agreement', and 'Rent'

4. Guarantee and Indemnity: Core section detailing the guarantor's obligations and the extent of the guarantee

5. Duration of Guarantee: Specifies how long the guarantee will remain in effect and any conditions for termination

6. Guarantor's Obligations: Detailed list of specific obligations the guarantor is undertaking

7. Landlord's Rights: Outlines the landlord's rights in relation to enforcing the guarantee

8. Payment Terms: Specifies when and how the guarantor must make payments if the guarantee is called upon

9. Notices: Details how formal communications between parties should be made and delivered

10. Governing Law: Confirms that Nigerian law governs the agreement and specifies relevant jurisdiction

Optional Sections

1. Joint Guarantors: Include when there is more than one guarantor, defining joint and several liability

2. Guarantor's Maximum Liability: Include when there is a specific cap on the guarantor's financial liability

3. Property Description: Include when the guarantee is specific to a particular property and detailed description is necessary

4. Early Termination Rights: Include when the guarantor has specific rights to terminate the guarantee early

5. Foreign Law Compliance: Include when any party is based outside Nigeria or foreign assets are involved

6. Language Declaration: Include when any party requires the document in multiple languages or needs interpretation

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including address, boundaries, and any specific inclusions or exclusions

2. Schedule 2 - Guaranteed Amounts: Specific breakdown of the amounts being guaranteed including rent, service charges, and other obligations

3. Schedule 3 - Tenancy Agreement: Copy or key terms of the referenced tenancy agreement

4. Appendix A - Guarantor's Statement of Assets: Optional declaration of the guarantor's financial position and assets

5. Appendix B - Proof of Identity: Required identification documents for all parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses


























Relevant Industries

Real Estate

Property Management

Legal Services

Housing

Commercial Property

Residential Property

Banking and Finance

Student Housing

Corporate Housing

Property Development

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Risk Management

Compliance

Housing Services

Tenant Relations

Contract Administration

Document Control

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Property Lawyer

Housing Officer

Tenancy Relations Officer

Estate Manager

Facilities Manager

Compliance Officer

Risk Manager

Student Housing Coordinator

Corporate Housing Manager

Tenant Relations 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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