Even the Owner of the house collects agency and agreement fees almost as high as the rent itself...
What kind of practise is this and why are people encouraging it?
I was so shocked when someone told me they paid for a room for one year @30k somewhere and agency and agreement was 35k.............WTF!!!
Please nobody should come here to preach about the sweat of getting a house and how wicked tenants are...The practise needs to stop!!!
Ah ah.....too much of everything is not good!
Agency is 10% and legal fee 5% of the rent I think. How can someone pay rent 30k and agency 35k? Big lie or it's 300k rent not 30k?
ReplyDeleteI heard on the mainland,they collect one year rent and agency fee for 2years. How true?
Stella,reason why they pay agency fee is because tenants come through agents that is why you see most people here saying they want to deal with the house owner direct.
In surulere, agreement fee is 10%, agent fee is 10% but you are to pay 2yrs of it. My landlady is the lawyer for the building and she collected her total of 20% lawyer fee. While the agent collected his 20% too. In fact since the landlady was the lawyer, we tried negotiating with her to take 10% only while we give agents 20%,she said NO.
DeleteIn Ajegunle, Aj city as in where daddy show key grew up, the Ajegunle in Ajeromi-ifelodun L.G.A, Apapa.Agent and agreement fees goes thus
DeleteA room or mini flat #100,000 _ #150,000
2 bedrooms flat #150000
A shop #100,000
Yes most landlords would ask you to pay for it, you just can't escape this wolves.... Then the rent for the substandard or outdated houses or death traps are either laughable or too huge to swallow. I know this because I went house hunting after I graduated thinking, since Aj is the heart of Lagos I could work anywhere and avoid being a leech on any relative
Fab mum,that your landlady na thief
DeleteSwag no be lie o. Here in ilorin there is no structure for agency fee so everyone just collects as they see. One time I wanted a self con and the agent he had a single room of 45k and agency of 30k. I asked him what percentage that was,na there fight start. One was even arguing with me how they charge more in abuja,I just laughed. Abj is 10% agency and 5% legal(if there is a lawyer involved). Most times you deal with only the agent. Greedy people full thus world my dear. Ilorin agents are particularly very greedy and stupid. They always meet a roadblock with me
DeleteMy friend in Lagos, ajao estate (hope I spelt it right) pays 800k and 350k as agency fee, it’s a rip off abeg, what silly percentage are they using abeg?
DeleteStella you never see something! I rented a room self contained for 500k in Area1 Abuja I paid almost 200k for agent fees, Lawyer fees and agreement. After paying and staying in the house for just 2 months the landlord started asking me out. I had to pack out after 1 year because of the landlord wahala. Inshort story plenty i suffered in that house. I no fit shout useless greedy landlord in Abuja.
ReplyDeleteIt's that lawyer fees that's surprising me oo!!like m I now paying for your lawyer abi you are supposed to be the one to settle him
DeleteHow come. I have never heard that in abj
DeleteYou were scammed abeg, I live in Abuja and practice there.
DeleteLegal and Agency fees are normally 10% of the amount you paid for rent. Some agents insist on taking 10 percent but you should negotiate it down to 5 percent. Too many properties in Abuja that are empty,it's a renters market. Look around and negotiate hard.
They must have played you, Abuja has one of the cheapest agency, next time tell them you have your own lawyer as well. A male friend whose house rent is 750k just gave them 30k after begging them, there are plenty empty houses in Abuja, no one can do guy for you
DeleteI bought window AC to install in my room but he refused to allow me install it claiming that I want to break his house. But insisted that I use split AC after I had bought window AC. I didn't have money again so I stayed in the house like that with big fan lol
ReplyDeleteStella, In the UK some agent collect as high as £300-£500 for a room as agency/deposit fee. If you destroy anything before you leave, they remove from the money and give you the balance(with interest) because they deposit it. I live in Chelsea where a room goes for like £800 monthly, come and hear agency fee... . It's like same thing everywhere.
ReplyDeleteShebi you said they will refund it if you move out without damaging anything, herebin naija no refund whatsoever
DeleteTHAT IS DEPOSIT NOT AGENCY FEES
DeleteI rented a room self con at ajeo estate in Lagos for 250, paid agent and agreement and caution fees,50k each making a total of 150 and it brought the rent to a total of 400k, I was as shocked as hell because in portharcourt I stay in my family house and our tenets didn't pay anything outside the rent. 2 bed room for same 250 I paid for self con without kitchen.
ReplyDeleteI really think the Lagos State government should look into this matter is very frustrating.
This is where the government really need to come in
ReplyDeleteGovernment really need to step in and stop this rubbish
ReplyDeleteThe payment of legal and agency fee is a legal and standard practice in Nigeria just as doctors charge patients for treatments. Estate surveyors and valuers are professionals which are governed by NIEVS just like we have NBA and the rest. For all sales of properties, the agency and legal fees are 5% each of the sales price. For leasing,the agency and legal fees are 10% and 5% of the rent respectively. People pay outrageous fees because of ignorance.If you want to rent or buy a property, it's advised you go to qualified estate agents and not some roadside riffraff but if you must patronize them, know your right.
ReplyDelete👍👍👍
DeleteBest comment here, a lot of people get duped into paying ridiculous sums because of ignorance.
DeleteWhat if you Know your right but the landlord and agent refuse to identify your right
DeleteWhat if you Know your right but the landlord and agent refuse to identify your right
DeleteYea its very sad that the landlords and agents are extorting people all in the name of agency and tenant agreement fee. You may even pay finish and still the agent will be a fraud. I just paid for a house through an agent that works for a landlord, and up till now we cant see the agent and our money. The landlord said he has rented his own house since two months ago, that he told the agent to stop collecting money without knowing that the agent is still collecting money at his back. My sweat and hustle, but I trust God to help me because where I am still squatting now, is no more conducive. You dont know when you will be asked to leave. I cry every night but what can I do?
ReplyDeleteIf ever you lay your hands on that agent..please use military men to deal with him. I had similar problem when I entered lag newly but the agent paid almost double of what he collected from me after dealing him with some soldiers.
DeleteAwww.
DeleteIt is well wit ur soul.
Also legal fee is the same thing as agreement fee,don't be deceived.
ReplyDeleteSometimes, owners of properties may ask for a caution fee.This is a substantial amount of money(refundable) which a landlord charges an intending tenant as a back up,should the tenant damage any of the fittings in the property throughout his tenement period. When a tenant completes his tenement, and the property remains the way it was as at the time he moved in, the landlord is to refund him the caution fee but if there's a damage on the property, the landlord uses the money to repair the damage.
But most if not all the times, they don't refund the caution fee. Also, in some cases, the tenant might be in a hurry to move out so he won't have time to drag the caution fee.
DeleteThanks for the info
DeleteEven when nothing is damaged, the landlords don't refund anything.
DeleteThey don't refund at all. That is why people spoilt their things when going
DeleteMost Lagos landlords collect the fees if you come to them directly even.
ReplyDeleteWhere i stay here in portharcourt, the agent does not deal with the landlord directly. So agent fee is paid by those that got a house through an agent. The only fee i know apart from rent is drink money and is not more than 3k for a room
ReplyDeleteWhere we rented recently we paid 20% o. That's 10% for 2yrs. That's what they now charge here. Very annoying. To think our landlady is the lawyer to her husband's properties all over Lagos and still collects her full lawyer fee. To rent a standard, very good house for family use this days, you must keep 2m above.
ReplyDeleteAfter paying rent, 2yrs lawyer fee, 2yrs agent fee and 100k caution fee,o
It is just painful.
ReplyDeleteI paid for self contain in surulere 200k agent and agreement 100(50keach)salary 40k,how will I survive in this our economy ,its so bad.it should be scraped only agency 10% most landlady works with the agent
ReplyDeleteIt's sad but what can we do na? The government doesn't care.
ReplyDeleteYou are right Fab mum
ReplyDeleteIn ikorodu Mini flat rent 100k-120k new building. Agency and agreement fee 15k each. The tenants will still be begging self. No damage fee, even to pay for light bill it's wahala o you'll turn to watchman to make them pay.
ReplyDeleteMake una come port Harcourt na, hahahahahaha. Its like a career . PH people where una dey? Abi nobody wants to talk. Lol.
ReplyDeleteI agree this practice needs to stop .
ReplyDeleteFor shops you also pay agreement and commission stuff ..
Very fuckin annoying .. It so not fair
My question is that, in the whole Lagos, is it that there is no where rent can be paid monthly or quarterly? What happened to options for working class??
ReplyDeleteAn agent earns his/her fee through commission, but it is a free trade negotiation. It is not written anywhere in Nigeria constitution or any Acts, what agency fee should be. Even the agent should show evidence that the the owner authorised him to sell or rent the house. Before u engage him for rent first negotiate, is a negotiable fee, not fixed. Bank do pay 0.5% to agent.
ReplyDeleteAm lucky when I got my house in ajao estate I bargained with the agent & paid 20k that's 10% of my rent, 30k caution fee & 10k legal totally 260k that's about 2012 I don tire for the house but the rent price they fear me ooo that I have to tanda for that house
ReplyDelete