Tag - Rent

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5 important things to consider before renting an apartment in Nigeria
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Factors To Consider When Renting a Real Estate Property
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Tenant Rights
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Five Thing to Look Out for in a Rent Agreement

5 important things to consider before renting an apartment in Nigeria

The dream of many Nigerians is to rent or buy an apartment of their dreams. Moving to a new apartment can be very exciting, but finding a good one to rent could be a daunting task. There are things you should consider before the big step, so here are our five picks to make sure you’re prepared before you sign your name on that contract.

We’ve all been in the situation where we view an apartment highly recommended by an agent or agents and the first feeling is; Wow! What euphoria! The search for accommodation is over. Once your eyes set on it, you can already imagine yourself living quite comfortably in it, especially if you’d been shown less comfortable or utterly awful apartments.

I bet you’re certain you’ve hit the jackpot. This is the ONE! you tell yourself, but wait! Before you deposit that advance/holding fee: pause, assess the property and ask your agent the questions below. If possible, you may create a checklist before you leave to meet the agent to ensure you cover all bases.

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Factors To Consider When Renting a Real Estate Property

Every person in the market looking to rent a real estate property expects to find a property that meets his or her needs and preferences. How then can one ensure that a rental real estate property will offer value for money? These are some factors to consider when renting a real estate property.

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Tenant Rights

Tenant rights are more important than you probably realize and the first step towards protecting your rights as a tenant is to know what those rights are. Without knowing these rights, you put yourself at the mercy of landlords and caretakers in Nigeria. Before we delve into your rights as a tenant, let us start by establishing who a tenant is within the ambit of the law as well as the real estate space. A tenant is a person who occupies land or property rented from a landlord and is subject to the payment of rent. With this established, let us proceed to examine tenant rights and what they mean to you as a tenant in Nigeria.

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Five Thing to Look Out for in a Rent Agreement

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Finding an affordable property to rent/lease can be a real nightmare. Sometimes the stress of checking one property after another, perhaps for months, begins to culminate in a desperation—an eagerness to grab the first one that meets our criteria.

When eventually, we find a suitable one, we are often in such a hurry to move in that we do not take time to read and fully understand the terms and conditions contained therein or even insist long enough to have clauses that will favour us inserted into the agreement for fear of losing to other ‘faster’ bidders.

This negligence of the part of tenants can often end up leaving enough room for minor mistakes that can sometimes become so costly we’d wish we never leased/ rented a piece of real estate in the first place. Read More

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