Notary Rent Agreement Template for Nigeria

The Notary Rent Agreement is a crucial legal document used in Nigeria when formalizing rental arrangements that require an additional layer of legal authenticity and security. This document is particularly important in situations where parties seek enhanced legal protection and verification of their rental arrangement, or where local regulations or institutional requirements mandate notarized rental agreements. The agreement comprehensively covers all aspects of the rental relationship, including property details, payment terms, obligations of both parties, and specific provisions required under Nigerian law. It must be executed in the presence of a licensed Nigerian Notary Public, who verifies the identities of the parties and authenticates the document, making it a powerful piece of evidence in legal proceedings. This type of agreement is commonly used for both residential and commercial properties, especially in high-value rentals or when dealing with corporate tenants.

1. Parties: Identifies and provides full details of the landlord and tenant, including legal names, addresses, and contact information

2. Background: Contextual information about the property and the intention to create a landlord-tenant relationship

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Property Description: Detailed description of the rental property, including its address and specific boundaries

5. Term and Commencement: Specifies the duration of the tenancy and its start date

6. Rent and Payment Terms: Details of rent amount, payment schedule, method of payment, and late payment penalties

7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit

8. Utilities and Services: Responsibilities for payment and maintenance of utilities and services

9. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repairs

10. Use of Property: Permitted uses of the property and any restrictions

11. Landlord's Covenants: Legal promises and obligations of the landlord

12. Tenant's Covenants: Legal promises and obligations of the tenant

13. Termination: Conditions and procedures for ending the tenancy

14. Notarial Declaration: Required notarial clauses and attestation

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

16. Execution: Signature blocks for all parties and the notary public