This is a complete guide on how to rent a house in Nigeria. This guide has everything you need to know about renting a house in Nigeria.
At least read this article before you dip your hand inside your pocket and pay any landlord in Nigeria.
Whether you’re an experienced tenant, a new student faced with renting for the first time or simply looking for a short-term property to rent, renting a property can sometimes be a little daunting.
Take a look at realestatesnigeria’s renting guide for a host of helpful hints and tips on how to rent property, whether you’re after a house, apartment, studio flat or a room.
Decide on your requirements:
- Flat, house, studio, room?
- Length of tenancy period?
- Furnished or unfurnished?
- Number of bedrooms, bathrooms, reception rooms?
- Off-street parking?
Work On Your Budget Before You Rent A House In Nigeria .
Set yourself a manageable budget and stick to it. Letting agents market rental properties either by stating the weekly rental price or the monthly rental price. Be aware that #2,000 a week rental price does not mean a cost of #8,000 a month. Multiply the weekly rent by 4 to get your monthly rental costs. Try not to be tempted (or let your agent tempt you) into looking at properties beyond what you can comfortably afford.
Search for property to rent online and look at the local prices, both to make sure that your budget is sensible and to get an understanding of what your budget is likely to achieve in the current market.
In addition to your rental costs, you’ll also need to budget for other related expenses. These might include:
- Your own house contents insurance.
You will need to arrange this yourself for all your personal belongings inside the property.
- Council tax.
The tenant is often responsible for paying this, so ask for an estimated cost from the agent or landlord.
- Utility bills.
You will be expected to take on most of these bills (sometimes water bills are paid by the landlord) from the day you move in.
- Service Charges.
If the property is in a block of flats or is a serviced apartment, there may be a service charge to pay, so clarify with your agent or landlord whether it’s included in the rent or an additional charge.
Typically the value of a month’s rent.
- Removal Costs.
Budget for the cost of hiring a removal company.
Consider The Location Before You Rent a House In Nigeria
There are plenty of factors to consider when thinking about the location of a property. It is important that you prioritise what’s most important to you in terms of location before starting the search, as this will save time in the long run.
For example, how important are the local amenities to you, the commute distance to work, accessibility to restaurants and bars, access to public transport, closeness to friends or relatives, crime rates and neighbours, etc.?
All of these things will vary in importance, but it pays to prioritise them, and any other factors that may be relevant, to help you determine your ideal location and to make your search as efficient as possible.
For more information on particular locations you may already have in mind, why not search for a suitable property by sending a request via email@example.com.
Other Rental Consideratons Before You Rent A House In Nigeria.
There are plenty of options for those looking to rent a house in Nigeria in terms of the types of accommodation available, but much will depend on your personal circumstances and your life stage. The types of property might include:
A house or flat with a sole tenancy.
A person or family is the only tenants in the property.
A house or flat share.
A person or couple may rent a room in a property also occupied by other tenants, or a group of friends may share occupancy and split the rent between them.
Usually a single room containing bathroom, kitchen and bed.
Renting a room from a private property owner who also resides in the property.
Purpose built rental accommodation.
Often student accommodation with individual lockable bedrooms and communal kitchen and bathroom facilities.
Many rental properties will be listed as being furnished or unfurnished, while in some cases the landlord may be flexible about letting you decide which option you prefer. While a furnished property may take away the hassle of having to buy lots of new furniture, damaging the existing landlord’s furniture or fittings may increase the risk of your deposit being swallowed up.
Searching For Property To Rent Online In Nigeria.
Once you have a firm idea of what you’re looking for and where, it’s time to start searching for the right rental property for you. These days, searching for rental properties has never been easier and there are plenty of ways to track down the one for you.
A property portal is the best place to search tens of thousands of properties all over the country. In fact, according to research by realestatesnigeria, property hunters rate the Internet as their preferred and most used source for finding property. You can send a property request to firstname.lastname@example.org and you’ll get the property requested in 48hrs.
There are many advantages of searching online for property to rent, including:
Search amongst the properties of thousands of agents, all in one place.
Search by price, number of bedrooms, location, or by keywords.
Access to photos and floor-plans.
Get detailed information on each individual property.
Getting e-mail alerts.
Knowing your market.
You can get up to speed on the latest rental market conditions by reading the latest realestatesnigeria.com Rental Price Index.
Finding the letting agents with the best properties.
A great place to start finding lettings agents to register with. Search for letting agents in your area now.
By searching for property to rent online, you can save time by discarding properties you don\’t want to view and quickly finding those you do want to view.
Other Ways Of Searching For Property In Nigeria
In addition to the Internet, there are a number of other ways you can search for property. These might include:
Local newspapers and classified sections.
A useful source for finding properties, but be aware that by the time many papers are printed, some properties may have already have been let.
Walk into your local estate agent offices and ask for details of relevant houses and flats which you can look through at your leisure. It’s a good indicator of whether the agent has on their books a decent number of properties to rent that match your criteria
‘To Let’ boards in your area.
Drive around your designated areas and have a look at any ‘To Let’ boards that are up and make a note of which agents they are with.
Property search agents.
You can always hire a firm to find relevant properties to rent for you, arrange viewings for you and give you advice on securing your property for you. Find a property search agent on www.realestatesnigeria.com.
Make sure the agents you deal with are members of ARLA (Association of Residential Letting Agents) as they have a code of practice all agents must adhere to. or AEAN
It pays to contact as many letting agents as you can find in your local area to give you the best chance of finding properties to rent.
Keep in touch with agents regularly by telephone, as rental properties tend to come and go quite quickly, particularly in a fast-moving market – persistence pays!.
Consider The Cost Of Renting A House In Nigeria
Be aware, once you’ve found a rental property, letting agents will charge you a fee to handle administrative work, such as checking references. These administrative costs can range from #1,000 to #1,500 or more, depending on the agent, the property and the location. In addition, they may also ask for a holding deposit of #500 to #2,000 or more to secure the property for you, and will subsequently deduct it from your first month\’s rent. Try and establish these costs with the agents in advance of your search as they may vary.
Viewing Properties to Rent.
Before you begin the task of viewing a property, make sure you clarify with the agent that the house or flat meets your requirements so you don’t waste any time. While you’re viewing an unsuitable property, you may be missing out on the one that’s right for you.
Take a look at our rental property viewing checklist for everything you need to know about what to look out for in a rental property and questions to ask the agent or landlord.
Making a complaint.
Very occasionally, things can go wrong. You can contact the local Council’s trading standards department.
The content provided in the realestatesnigeria guides is for information only. In all cases, independent and professional advice should be sought before buying, selling, letting or renting property, or buying financial services products.
Registering your details with letting agents is one of the more common ways to source a property. You can either visit the local agents on the high street or you can find a local letting agent on www.realestatesnigeria.com. Here are a few tips to remember when dealing with letting agents:
Before you begin the process of finding a suitable house or flat to rent, give as much consideration to your requirements as you would if you were buying.
After all, the property will be your home for the next six months, twelve months or even longer. Be clear about the kind of property you’re looking for, where you want to live, what amenities you need to be close to and the budget you have available.
Houses and flats to rent are generally on and off the market more quickly than properties for sale, so you’ll need to move quickly and be ready to pounce when the right property arrives on the market.
For more information on how to rent a house in Nigeria contact us on the site. You can also search for a suitable property by sending a request to email@example.com
CEO of Home Finders, Seasoned Entrepreneur & Writer. Kola Adisa is a specialist private property finder with staggering experience in the real estate and relocation’s industry in Nigeria. He is helping hundreds of families with specific needs find the properties they want in the shortest possible time. Kola also runs Iyanda’s Diary