Renting your first apartment in Nigeria comes with an education that nobody formally gives you. Most people learn through painful experience. This guide exists so you do not have to.
1. The rent figure is never the full amount you will pay: Before you move in, expect to also pay an agency fee, a legal fee, and a caution deposit on top of your rent. The standard agency fee runs between 5 and 10 percent of annual rent, while the legal fee is typically 5 percent of the total rent value. Together, these extra costs can add 20 percent or more to your total upfront spend. Always ask for the full move-in cost breakdown before committing.
2. Rent is paid upfront, not monthly: Nigerian rental agreements typically require tenants to pay one to two years of rent upfront. Budget accordingly and never assume you can negotiate monthly payments unless a landlord explicitly offers it.
3. Your caution fee is refundable. Your agency and legal fees are not: The caution deposit is held against damages and should be returned at the end of your tenancy if the property is in good condition and all dues are cleared. Make sure the refund terms are clearly stated in your tenancy agreement before signing.
4. Always inspect before paying anything: Check water supply by turning on all taps during inspection. Visit around 6 to 8am or 8 to 9pm when demand is high, as that is when water issues show up. Also check power supply, drainage, and the condition of walls, ceilings, and fittings.
5. Read your tenancy agreement before signing it: Many first-time renters sign documents they have never read. Before signing, read every clause carefully and if necessary get professional advice on any documents you are required to sign. Once you sign, those terms govern your stay.
6. Never pay without a receipt and a signed agreement: Rental scams are widespread. Always speak directly with the landlord, avoid cash payments where possible, and never pay full rent without a signed tenancy agreement in hand.
The Nigerian rental market rewards preparation. Go in informed and you will be far better protected than most first-time renters.
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