Understanding Agency Fee, Caution Fee, and Legal Fee in Nigeria
Three extra fees that surprise every first-time renter in Nigeria. Here's exactly what each means, what's standard, and what's a rip-off.
Agency fee
Paid to the agent who showed the property — commonly 10% of annual rent in Lagos.
Legal/agreement fee
Covers drafting or stamping the tenancy agreement — another 10% is common though negotiable.
Caution deposit
Refundable hold against damage — not a fee. Get receipt stating refund conditions.
Negotiate combined fees before commitment. Some landlords absorb legal fees to close faster.
Published by Keyda — Nigeria's verified rental platform.
This article is general information only and is not legal advice. For specific situations, consult a qualified property lawyer in Nigeria.
Adaeze Nwosu
Property Analyst
Contributing editor at Keyda, Nigeria's verified rental and property management platform.
