Renting a home in Nigeria can be a major financial challenge. Beyond the advertised rent, tenants may face deposits, agency fees, legal fees and other charges before they can move in.
A property that may be advertised at an amount per year could end up costing considerably more upfront.
The burning question therefore is, is it truly legal to request more than a month’s worth of rent?
The answer would depend on where the property is located in the country, the applicable tenancy laws and the tenancy agreement. Not every charge is automatically unlawful, but tenants should understand the terms of their tenancy agreement and their obligations.
At NaiNest, we believe transparency should be the core property advertising. As a property advertising company, our role is to provide a platform where property information can be presented clearly, helping prospective tenants in their decision making.
We encourage landlords and property professionals advertising on NaiNest to provide clear and accurate information on listed properties. For tenants, understanding the total cost of securing a property before making a commitment can help avoid unexpected financial surprises.
We agreed that a fair rental market requires transparency from everyone involved. Property owners deserve appropriate protection for their properties, while tenants deserve clear information about commitments they are taking on.
Ultimately, the more transparent the rental process becomes, the easier it is for everyone to make informed decisions.
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