Guarantee Rental Agreement Template for Nigeria

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

2. Corporate Guarantee Provisions: Required when the guarantor is a company rather than an individual

3. Guarantee Release Conditions: Optional section specifying conditions under which the guarantor may be released

4. Assignment and Transfer: Required if the agreement allows for assignment of the guarantee rights

5. Bank Guarantee Provisions: Required when the guarantee is backed by a bank guarantee

6. Local Language Declaration: Required when any party is not fluent in English, confirming terms have been explained

7. Stamp Duty Declaration: Required in jurisdictions where stamp duty compliance needs to be explicitly stated

8. Alternative Dispute Resolution: Optional section providing for mediation or arbitration before court proceedings

1. Schedule 1 - The Property: Detailed description of the rental property including address and any specific inclusions/exclusions

2. Schedule 2 - The Tenancy Agreement: Copy or key terms of the underlying tenancy agreement being guaranteed

3. Schedule 3 - Guaranteed Obligations: Itemized list of all obligations covered by the guarantee

4. Schedule 4 - Guarantor's Details: Detailed information about the Guarantor including financial status and contact details

5. Appendix A - Payment Schedule: Details of rent payment dates and amounts covered by the guarantee

6. Appendix B - Guarantee Limit Calculation: If applicable, shows how any caps on the guarantee amount are calculated

7. Appendix C - Required Documents: List of documents provided by the Guarantor as evidence of ability to meet guarantee obligations