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Nairaland Forum / Nairaland / General / Properties / Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement (17794 Views)
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Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by Legalservices: 11:16am On Sep 28, 2021 |
ccollins: Some property Agents are using their hands to dig their graves...soon people would avoid them like plagues. In surulere they boldly tell you to pay agency X 2 without empathy for the prospective tenant. They tell all sorts of lies and are deceitful. I advise my clients to use a lawyer, we know how to handle these agents and we often have properties. Directly under our management. To avoid exploitation.... DM your lawyer today. 1 Like 1 Share |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by teepain: 12:11pm On Sep 28, 2021 |
Timmybr: Until the government enacts a law that criminalises the practice of agents charging fees above a percentage, this unholy practice will continue. Unfortunately, this exploitation of prospective tenants is major driver of inflation in this country. The market is the most intelligent system; once one person tries to exploit it, it adjusts itself and the price of other products. |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by grandstar(m): 12:43pm On Sep 28, 2021 |
LilMissFavvy: The seller is expected to pay his agent 5% agency fee. Some agents even demand 10% However,the seller might negotiate and the fee may go down to 2%. The buyer is expected to pay 5% fee. Again, it can be negotiated 1 Like |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by LilMissFavvy(f): 12:50pm On Sep 28, 2021 |
Why does the buyer need to pay agency 5% again? Is this compulsory? How about the government? Is it true the government should take 10%? Reply, thanks grandstar: |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by MrNipplesLover(m): 1:26pm On Sep 28, 2021 |
If person swear these agents now, dem go come bashing (cos they are plenty on nairaland). Why una wicked like this? Cos u want feed your family, drink beer and fvck olosho, u go dey over charge people wey want collect apartments, shops, lands. U people are making this country hard for una fellow human being. I know say una get associations, but make una dey fear God and be considerate. Una charges dey make apartments and shops too expensive for people. Imagine person wey want collect apartment of 400k and end up dropping 750k on top una yeye charges and one stupid agreement, shiit, etc. Make una dey fear God. Dead country. |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by grandstar(m): 2:14pm On Sep 28, 2021 |
LilMissFavvy: It's not really the best for the agent to the seller to take from both sides but it does happen. However, most often, the agent to the seller is usually not the person that has the buyer. The agent's working for the buyer is therefore entitled to a commission from their client for sourcing the property. 1 Like |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by Temi2468: 6:10pm On Sep 28, 2021 |
AnonyUser: Please, pay, since you are not a man matured enough to know what's right or wrong or extortion. Them put jazz for mouth? |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by Temi2468: 6:13pm On Sep 28, 2021 |
Legalservices: That's wickedness and greed! I don't know why we just continue to do evil to ourselves in this nation. We have no eye of mercy. Someone somewhere is just out there looking for means to extort or reduce you. Kai! |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by Pojaay(m): 7:54pm On Sep 28, 2021 |
AnonyUser:This is how Lagos agents behave. It’s unfortunate |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by OLRAYS(m): 11:15pm On Sep 28, 2021 |
GIANTPLUSHUB:past tense...na the same amount wey Dem dey sell garri before them still dey sell am??....op secure ur shop, the fees are only to be paid once...if u continue searching for another Office shop you will end up wasting more money , time and energy on inspection...you can also negotiate the fees with the agent... luckily he might consider. |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by OLRAYS(m): 11:36pm On Sep 28, 2021 |
LilMissFavvy:please know that real estate agency is a profession on its own just as law....it saddens my heart when a prospective property buyer won't hesitate to pays 5% legal fee to a lawyer who may not have done anything tangible in a sales transaction other than to tell his/her secretary to get the informations of the parties involved in the transaction and the property brief, edit the one on the system, print out and stamped...only few of this lawyers do their due diligence by conducting a search on the property to be acquired by a client. On the other hand, an agent will spend his time, energy, sometimes money trying to get you your desired land or building in a preferred location, exhausting call cards, advising you on which property best suits you, scheduling meetings with property owners, getting the documents for you and sometimes conduct the legal and social search...at the end you will say ''Na which work agent do'' is it that they also don't deserve that 5% of agency fee from the buyer....of course they deserve it. I always say this... estate agents are the ones in best position to enlighten their customers on the quality of service they are rendering. 2 Likes |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by AnonyUser(m): 9:51am On Sep 29, 2021 |
lomprico: I'm a young guy. I stay with my parents for now. I'm just starting up. Thanks for your comment |
Re: Estate Agent Wants Me To Pay 130% Of The Rent As Agent/Agreement by Faradayehi(m): 7:15am On Dec 27, 2021 |
Mini flat serviced office space with two too toilets on the ground floor at Victoria island lagos. Rent N1,400,000. Service charge 500,000 per annum
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