How to Rent a Home in Nigeria

Navigating the process of renting a home in Nigeria for the first time can feel overwhelming. Numerous questions might arise: Should I consult a lawyer? Are appliances typically included in rentals? How can I discover quality rental properties? Which neighborhoods will best suit my needs? These are just the tip of the iceberg. Dive in for answers to these pressing questions and gain insights from our members who've made Nigeria their home.

"Relocating to a new country can be a daunting task, especially when it comes to finding a place to live. If you're an expat planning to move to Nigeria, this guide will provide you with all the necessary information about renting an apartment in Nigeria. From finding a rental property to understanding the legalities involved, this guide will help you navigate the Nigerian rental market with ease.

How Do You Find a Rental Property in Nigeria?

There are several ways to find rental properties in Nigeria. Online property portals like Nigeria Property Centre, PropertyPro, and Private Property are popular platforms where landlords and real estate agents list properties for rent. You can also find listings in local newspapers or through word of mouth. Hiring a local real estate agent can also be beneficial as they have extensive knowledge of the local market and can help you find a property that suits your needs and budget.

Does Nigeria Have an MLS Type System?

Nigeria does not have a Multiple Listing Service (MLS) system like in the United States. However, there are several online platforms and real estate agencies that provide comprehensive listings of available properties. These platforms are the closest equivalent to an MLS in Nigeria.

Do Brokers Have Licenses and How Do I Know if They Are Licensed?

Yes, real estate brokers in Nigeria are required to have a license. The Nigerian Institution of Estate Surveyors and Valuers (NIESV) and the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) are the regulatory bodies that issue licenses to brokers. You can verify a broker's license by checking with these organizations.

Should I Buy or Rent?

The decision to buy or rent depends on your financial situation, duration of stay, and personal preference. Renting is often the preferred option for expats as it offers more flexibility. However, if you plan to stay in Nigeria for a long time, buying might be a more cost-effective option in the long run.

Is It Difficult to Find Rentals in Nigeria?

Finding a rental in Nigeria can be challenging due to the high demand, especially in major cities like Lagos and Abuja. However, with the help of a reliable real estate agent and online property portals, you can find a suitable rental property.

What Documents Are Required When Renting an Apartment?

When renting an apartment in Nigeria, you will typically need to provide a valid ID, proof of employment or income, and references. Some landlords may also require a guarantor. It's important to note that requirements can vary depending on the landlord or property management company.

Do I Need a Lawyer When Renting an Apartment in Nigeria?

While it's not mandatory, it's highly recommended to hire a lawyer when renting an apartment in Nigeria. A lawyer can help you understand the terms of the lease agreement and ensure your rights are protected. The cost of hiring a lawyer can vary, but it's generally affordable and worth the investment for peace of mind.

How Long Is the Typical Lease For?

The typical lease term in Nigeria is one year, but it can be negotiated with the landlord. It's important to understand the terms of the lease agreement before signing.

Do I Have to Pay a Deposit?

Yes, it's standard practice in Nigeria to pay a security deposit when renting an apartment. The amount can vary, but it's typically equivalent to one or two years' rent. This deposit is refundable at the end of the lease term, provided there are no damages to the property.

What Other Upfront Costs Are There When Renting?

Other upfront costs when renting an apartment in Nigeria may include agency fees, legal fees, and service charges. These costs are usually a percentage of the annual rent and can add up to a significant amount.

Are Utilities Included?

Utilities are typically not included in the rent in Nigeria. Tenants are usually responsible for setting up and paying for utilities such as electricity, water, and internet. The cost of utilities can vary depending on usage and location.

Are Furnished or Unfurnished Rentals More Popular?

Both furnished and unfurnished rentals are available in Nigeria. Furnished apartments typically include basic furniture and appliances like a refrigerator and stove, while unfurnished apartments do not. The choice between furnished and unfurnished depends on your personal preference and budget. Furnished apartments are generally more expensive but can be a convenient option for expats who don't want to buy furniture," said one expat living in Nigeria.

Expats Talk about How they Found their Home

"One way to find a place to live in Nigeria is to search online for rental listings. Websites such as Jumia House, ToLet, and Private Property Nigeria are great resources for finding available properties in Nigeria. Additionally, you can also search for rental listings on social media platforms such as Facebook and Twitter. Additionally, you can also ask friends and family who live in Nigeria for recommendations. Finally, you can also contact local real estate agents who can help you find a suitable place to live," commented an expat living in Nigeria.