how to make rent agreement

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How to Make a Rent Agreement in Nigeria
A rent agreement is a legally binding document depicting the terms and conditions of an agreement between a landlord and a tenant. Every party should, therefore, ensure a well-drafted agreement to secure their interest.

Key Components of a Rent Agreement:
Parties Involved:

Landlord's Name and Address:
Tenant's Name and Address:
Property Description:

Address:
Type of Property: e.g., apartment, house
Specific Details:
Tenancy:

Start Date:
End Date: if applicable
Renewal Terms: include auto-renewal and notice period, etc.
Rent Amount:

Monthly Rent:
Payment Terms: due date, late fees, etc.
Security Deposit:

Amount:
Refund Terms: conditions of refund, interest, etc.
Utilities

Responsibility: name the person or agency that shall pay for utilities like electricity, water, and gas.
Meter Readings: how the meter readings would be shared and the paying of it.
Maintenance

Responsibilities: who shall be responsible for any repairs and maintenance
Emergency Contact Information:
Pets:

Allowed/Prohibited:

Pet Deposit: if applicable
Subletting:

Allowed/Prohibited:

Termination:
Notice Period: must terminate the agreement in writing
Default: When either of the parties to the agreement fails in their respective duties.

Governing Law:
Jurisdiction: State various laws which apply and governs the Agreement
Other Provisions

Witness Signatures: this involved two witnesses signing the agreement
Stamp Duty: The agreement must be duly stamped to be in conformance with the law of Nigeria
Legal advice: This is important in ensuring the agreement for rent is not bare but with all its legal condiments that come with it.
Here are some useful links on how to draft a tenancy agreement:

Nigerian Legal Information Institute: https://nigerialii.org
Online Templates: You might want to get templates off websites like 
Rocket Lawyer or LegalZoom.

Note that while these templates can be a perfect guide, it's always best if a legal professional goes through the document with you in person-to make sure it meets your needs and complies with local laws.

To this end, this guide, coupled with a well-drafted rent agreement, shall assist in securing your rights and obligations either as a landlord or as a tenant.
 

Edited October 17, 2024 by nelson