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Nairaland Forum / Nairaland / General / Properties / Fees To Take Note Of When Renting An Apartment In Lagos (26045 Views)
What Is That Diabolical Sign To Look Out For While Renting An Apartment? / Why Renting An Apartment In Lagos Is So Expensive / Safety Tips When Renting A Property In Lagos| Cotenant.ng (2) (3) (4)
Re: Fees To Take Note Of When Renting An Apartment In Lagos by Tompowersolar(m): 10:32pm On Nov 06, 2019 |
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Re: Fees To Take Note Of When Renting An Apartment In Lagos by arrestdarrester: 11:35pm On Nov 06, 2019 |
Hidden fees such as TRAFFIC FEES that you pay in manhours 1 Like |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by CodeTemplar: 3:05am On Nov 07, 2019 |
computergeek:You get to spend more time on road than on the job itself... Thats a big waste of life and it explains why Lagos can't compare to China. In china the job takes the best and longest time and not transportation to and fro the job. Tinubu & co has failed in Lag. 2 Likes |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by favour32(m): 7:12am On Nov 07, 2019 |
computergeek: Na so... Abuja is cool. |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by dahme147(m): 9:14am On Nov 07, 2019 |
computergeek: Normal Level........#Wewillsurvive 1 Like 1 Share |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by arinola2504(f): 9:24am On Nov 07, 2019 |
I'm not sure Op is actually talking about Lagos rent because agreement and commission is 50% above of the rent not 10/15%, don't let anybody deceive you, if your house rent is 150k, your agreement and commission will be between 70k-100k depending on the location and you forget to add maintenance fee which is 10% of your actual rent. CotenantNIG: 1 Like 1 Share |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by pacespot(m): 9:51am On Nov 07, 2019 |
CotenantNIG: What of if you are using online apps or website to get your apartment without the need for agents, would these fees still be necessary? Some of these online mediums promise zero agency fee |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by Riscawendy(f): 9:59am On Nov 07, 2019 |
This is so true l paid almost all of this fee for my house in Port-Harcourt, and after few months one of the agent was begging me for 10k l just went to the bank, withdrew the money came back and greeted the agent and went back to the bank and paid the money to my dad's account. � 1 Like |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by pacespot(m): 10:02am On Nov 07, 2019 |
DameB: Haha, Nigerians really know how to adjust to suffering, they will call hustling or survival of the fittest. |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by pacespot(m): 10:20am On Nov 07, 2019 |
larry90500: That is where the dispute will arise whether the tenants are the cause of the wear and tear or not. That caution deposit does not make sense to me at all, you lease out your apartment and still asking for caution deposit, why don't you know that there is a risk attached to any business you do. Consider the damage that might be done to your property as part of the risks you bear for leasing out your apartment. That caution deposit is like taking the risks off of the landlord completely and placing them upon the tenants. Because the landlord too can default on the caution deposit, using a flimsy excuse to deny a tenant a refund. That is why you have a legal agreement with your tenants in the first place, if there is any damage that is carelessly done to your property by a tenant, then you can file a suit against that particular tenant based on the dictate of your agreement. |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by CotenantNIG: 10:30am On Nov 07, 2019 |
pacespot: most properties are handled by agents, so you cant escape it |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by pacespot(m): 10:38am On Nov 07, 2019 |
CotenantNIG: What of if I found the apartment by myself? |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by somehow: 10:59am On Nov 07, 2019 |
arinola2504: Another lie Agreement and commission dont exceed 20 percent respectively But mostly higher than 5 percent |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by arinola2504(f): 11:30am On Nov 07, 2019 |
You have to talk for where you are, in Ikeja here, agreement and commission is 100k (a room self) that's what i paid last year and that is the fixed amount except you want a room, that's where the agreement and commission is 70k For Ikorodu, agreement and commission is between 30k-50k depending on the areas Just yesterday at Ogba here, an agent was telling a colleague about a 220k mini flat with 100k agreement and commission, total of 320k Do your findings very well. somehow: |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by CotenantNIG: 1:24pm On Nov 07, 2019 |
pacespot: well landlord would still collect it |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by pacespot(m): 1:31pm On Nov 07, 2019 |
CotenantNIG: Anything to extort money from others is always accepted by Nigerians. Agency fee is paid when there is an agent involved in the course of finding an apartment for yourself, which one is paying agency fee to the landlord again Landlord has no business with the agency fee or is landlord the agent of his own house? Nigerians sha |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by somehow: 1:32pm On Nov 07, 2019 |
arinola2504: That is 50k for agg and 50k for comm which is a rip off for such a property That you paid such does not mean that is the norm the norm is 20 percent tops Using rip up as a standard is a no no |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by CotenantNIG: 3:06pm On Nov 07, 2019 |
pacespot: If you notice in the post, I said landlord know collect agreement money .. I wanted to rent an apartment and the land lady said she would collect agreement and commission by herself |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by Jokerman(m): 4:34pm On Nov 07, 2019 |
Nigerians are just too wicked A stupid thieving agent wanted to collect 70/70 for agency and commission from me, Na him I japa and warned him to desist from such evil 1 Like |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by CotenantNIG: 4:59pm On Nov 07, 2019 |
Jokerman: ill always say it nigerians are very wicked the agents would eat those properties last last 1 Like |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by Jokerman(m): 5:50pm On Nov 07, 2019 |
CotenantNIG: I'm telling you... Some would still go as far as adding another 30k as caution fee for such The thing just tire me... To rent a miniflat of 300k/yr, they expect someone to pay close to 500k for first |
Re: Fees To Take Note Of When Renting An Apartment In Lagos by Alaprom(m): 9:02pm On Mar 20, 2022 |
@ContenantIG, What's the maximum and minimum one can pay for the agreement and commission in 2022. Actually saw an apartment but lost interest when an agent said I will pay 100k each for agreement and commission (200k in total). Rent was 400k. I then asked what is the basis for computing the agreement and commission and I was told by some folks that this is Lagos and that is how everyone pays. No percentage of the rent. It is fixed. Just went through this topic and became surprised when you said each is 10% of the rent. Does this apply in all parts of Lagos except for ikeja and other places not applicably referenced in the Lagos landlord tenancy law?. Please I will expecting your feedback on the updated amount to pay for each of the incidental costs of the rent in March 2022. Thanks |
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