Are you a landlord or aspiring to be one?
Then you are either looking to buy your first home/new home or looking to sell your home. Our Buyers Guide and Sellers Guide will be useful to you.
Renting Your Property.
Some people try to find a tenant without using an agent. If you are lucky enough to know of reliable tenants, that's great. If not, finding and managing tenants can be expensive, time consuming and hard work.
Propertiesng.com registered agents can advertise your property for rent on Nigeria's number one property website to millions of potential tenants all year round.
Finding a good agent
An agent will save you time by showing potential tenants around your property, which is great if you haven't got the time to handle calls, stay in for viewings and respond to emails.
Your agent will also:
- Do a market appraisal to assess the rent the property will fetch.
- Find good tenants for you.
- Draw up a suitable tenancy agreement.
To find a good tenant an agent will do a thorough check of each applicant's credit status, income, employment and previous history as a tenant.
If you know other landlords ask them which agents they would recommend or better still search for reputable agents on propertiesng.com agent directory.
Don't just go to the agent who charges the lowest fees to find you a tenant or who claims he can get the highest rent. Instead, ask, what's included in their fees - for example, some agents will include uneccesary costs
To save time for both yourself and your agent, be clear with your agent about the type of tenant you will be happy with; whether single or married, tribe, are pet lovers or smokers for example?
Once they have found a suitable tenant and you've consented to the property being let - you, the tenant and the agent will agree a move-in date.
The rent fees either for 1 year or 2 years will be collected and the deposit/caution fee is received and they will get the tenancy agreement signed.
They may also arrange to have all outstanding bills have been settled and to show the tenant how everything works and give them written instructions about who to contact in an emergency.
Some agents will also arrange for a thorough inventory to be carried out - describing and listing the state and condition of the property and all the fixtures and fittings within it. This should be signed by the tenant.
A proper set of references will ensure you don't get a tenant from hell - one who won't pay rent and who could take months to evict. A proper inventory will mean that if the property is returned in a mess or with things damaged beyond normal wear and tear, you'll be entitled to keep some or all the deposit/caution fee to pay for it.
Please note, that guides and advices have been culled from various sources and are subject to change, www.propertiesng.com is not liable for the information you get from this website as it is subject to verification from a professional. Be aware of scams, there are a lot of unscrupulous people out there who pose to be Estate Agents, but are just out to swindle innocent people of their hard earned money, kindly deal with someone that offers legal services and advice like a lawyer when dealing with any Estate Agent, you can also check out our Forums and Ask a Question sections, where you can ask questions about any real estate agent and be sure of its existence and credibilty.
