Hello

Lets look at fees you would be paying when renting an apartment in Lagos.

Renting an apartment in Lagos is a task.

So with this you can get prepared.

FEES TO TAKE NOTE OFF

Registration Form: This is the first money you would always pay before you see a property, this form is always ₦1,000 or higher some times



Rent:  Renting an apartment means entering into a legal arrangement with a landlord (the owner of the property) to live in the space for an agreed-upon fee. This fee, which is usually paid on a monthly basis or yearly, is called rent. The renter who occupies the apartment is also known as the tenant.

Agreement: This fee is usually collected by agents, but of recent Landlords are now collecting agreement money. The agreement is usually 5% of the cost of property you are renting, if you don't pay this fee you are not entering into your apartment.

Commission: This is the agent fee when you are renting an apartment, its usually the other 5% percent of the agreement from renting an apartment. The painful thing about commissions is if 10 agents are connected to a property they would share lets say ₦15,000 equally after a client have rented a property.

Legal Fees: If a property is being handled by a lawyer, you must pay legal fees to the lawyer. This fees are mostly for documentations etc

Service Charge: Most property on the island collect service charge, a charge made for maintenance on a property which has been leased. For example the space owners are the one that pay for your electricity, most shared apartments and short lets have serviced charged attached to their fees

Damages: Source

Thank you
add yours too

Owo Awon Boys nko?

Owo Omo Onile nko

f

I prefer house to apartment

Lol... You did not add mental health fees.


I'll keep saying it, everyone living in Lagos should keep a part of their earnings aside to take care of their mental health. Let's remove the inherent anger everybody there seems to foster and focus on the traffic. Traffic takes a new meaning in Lag.

I visited Lagos for two weeks during my NYSC and I've never gone back. How can someone leave her home at 4:30 am for an 8:00am job only to return at 10:00pm when they close at 6:00?

I'm proud to be a Nigerian... Like if u proud too

Oba's fee nko

If you get an apartment near where the king resides...you go pay oba's fee...oba mosi.

Toilet fee

You used "off" oh instead of "of". M not an English person oh abeg. just wanted to show u since u missed it. Sorry.

The list take style plenty.

Ok

Sorry who know how much it will cost me to get one room in Eko Atlantic ...... DM me if u have Idea,Thanks in advance

Just keep some money for area boys

Very annoying.

Offer shared apartments and short let's on http://cotenant.ng/register

Get started

Nice one
Am planning on renting a place in lagos by january. I want to relocate
Budget is about 100k. What can i get with this amount

Na wa

soleexx:
I'm proud to be a Nigerian... Like if u proud too

you were born to suffer

cool

Agreement should be same as legal fee, whats wrong with us?

You forgot Damages

bob55dave:
Nice one Am planning on renting a place in lagos by january. I want to relocate Budget is about 100k. What can i get with this amount

Shared A room with shared facilities.

Stop getting your apartments by contacting local agents. Contact the right professionals (Estate Surveyors).

However, The only proper fees you are meant to pay when you want to enter into occupation of a new premise are;
1. Rent (The amount the building commands, the money the building owner gets)
2. Agency fee ( Certain percentage of the rent is usually collected as agency fee)
3. Legal fee (The basis of your contract. The landlord and tenants obligations are usually stated here.)
4. Caution deposit ( Refundable fee, if you keep the premise intact as you met it)
5. Service charge (depending on how the premise is being managed)

Don't contact quacks(local agents) for property related affairs! Na person wey sabi road make you follow!

computergeek:
Lol... You did not add mental health fees.


I'll keep saying it, everyone living in Lagos should keep a part of their earnings aside to take care of their mental health. Let's remove the inherent anger everybody there seems to foster and focus on the traffic. Traffic takes a new meaning in Lag.

I visited Lagos for two weeks during my NYSC and I've never gone back. How can someone leave her home at 4:30 am for an 8:00am job only to return at 10:00pm when they close at 6:00?

Lagos is meant for the tough ones physically and mentally ....Its not just in you

femi4:
Lagos is meant for the tough ones physically and mentally ....Its not just in you

Which kain tough? That kind of stress can cause a person to age faster and increase your risk of early mortality.

I live in the East and life here is tranquil with a far better quality.

Agency fee and commission fee is the worse

How can I rent a mini for 300k, and you are asking for 70/70/30, instead of 50/50/20??

Agents fear God

soleexx:
I'm proud to be a Nigerian... Like if u proud too

Can you recite the national anthem? Let's see how patriotic you are.

computergeek:
Lol... You did not add mental health fees.


I'll keep saying it, everyone living in Lagos should keep a part of their earnings aside to take care of their mental health. Let's remove the inherent anger everybody there seems to foster and focus on the traffic. Traffic takes a new meaning in Lag.

I visited Lagos for two weeks during my NYSC and I've never gone back. How can someone leave her home at 4:30 am for an 8:00am job only to return at 10:00pm when they close at 6:00?

This instance you described is good.
Some get home 12. Some leave home 4 and get to work 9am