Why Every Tenant Should Know the Tenancy Law in Their State

By
Image
Most tenants sign rental agreements without ever reading or knowing their state’s tenancy law. Unfortunately, this lack of awareness often leads to exploitation, unfair eviction, or payment disputes . In states like Lagos, Abuja, and Rivers, tenancy laws are in place to protect both tenants and landlords. 1. What Are Tenancy Laws? Tenancy laws are state-specific regulations that outline: Rights and obligations of tenants and landlords Processes for rent review and eviction Guidelines for property maintenance and dispute resolution Example: The Lagos Tenancy Law 2011 forbids landlords from demanding more than one year’s rent in advance from new tenants in certain property categories. 2. Why It Matters for Tenants Protection Against Exploitation: Helps you know if charges or requests from a landlord are legal. Eviction Protection: Understand legal eviction processes, so you are not illegally locked out. Fair Rent Reviews: Know your rights when landlords attem...
Post a Comment

Hidden Costs of Renting: Service Charges, Caution Fees & More Explained

By

When searching for a rental home, most tenants focus on the monthly or annual rent. However, there are hidden charges often overlooked, that can significantly increase your housing expenses. Understanding these costs will save you from unpleasant surprises and financial strain.

1. Service Charges

In gated estates and serviced apartments, landlords or facility managers often charge service fees for amenities such as security, waste management, lighting, and water supply.
Tip: Always confirm how often the charges apply; monthly or annually.

2. Caution Fee

The caution fee is a refundable deposit meant to cover damages during your tenancy. However, disputes often arise when landlords withhold these fees.
Tip: Document the property’s condition during move-in to ensure smooth refunds.

3. Agency & Legal Fees

Renting through an agent? Expect to pay 10% of the rent as agency fees and another 10% for legal documentation in some regions.
Stat: In Lagos, these fees add up to an average of ₦150,000 for mid-range apartments.

4. Utility Bills & Community Levies

Electricity (prepaid or postpaid), borehole maintenance, and local levies can quickly add up.
Tip: Ask for the average monthly utility cost from existing tenants.

5. Renovation or "Minor Repairs"

Some landlords require tenants to handle repainting or minor fixes even before moving in.
Tip: Clarify who handles renovations, this should be in the rental agreement.


Conclusion

Renting a home involves more than paying the listed rent. By factoring in service charges, caution fees, legal costs, and utilities, you can budget properly and avoid financial surprises.

5-Hidden-Costs-of-Renting-in-Nigeria


Comments

Post a Comment

Popular posts from this blog

How One Renter Lost Money to a Fake House Agent in Lekki — And What Every Nigerian Should Learn

By
Image
When a Dream Apartment Turns Into a Nightmare He was searching for a modest, well-lit two-bedroom in Lekki, tiled floors, reliable electricity, and within his budget. A crisp Instagram listing offered exactly that, and at a surprisingly low price. The agent seemed professional on the call, fast response, friendly, convincing. But then came the request: a ₦5,000 inspection fee paid upfront, even before he could step foot in the property . It sounded odd, but he went ahead and sent the money.
Read more