Unfortunately, even if the landlord establishes a rental agreement, most tenants simply sign the documents without properly verifying them. Ideally, this agreement should be reviewed by a legal expert. The usual argument is that you don`t control what you don`t have; that the rental right cannot be implemented effectively as long as the demand for accommodation exceeds supply. A significant drawback of the law is its inability to verify the activities of real estate agents. The law also did not provide time for the management of rental real estate. I am happy when I have my house in the ajao property I negotiated with the agent and paid 20k, which is 10% of my rent, 30k precautionary fee and 10k legally 260k, which is about 2012 I`m not tired for the house, but the rental price they fear me ooo I paid to tanda for this house you often charge the equivalent of the business rent for the agents and the agreement. Stella, In the UK, some agents collect as high as 300-500 dollars for a room as agency/deposit fee. If you destroy something before you leave, withdraw it from the money and give you the balance (with interest) because they deposit it. I live in Chelsea, where a room goes for 800 dollars a month, come and listen agency fees… .
It`s the same, like everywhere else. Last year, the Lagos state government introduced legislation that established a real estate agent management agency working in the state. The law required all real estate agents to register and have known addresses to locate them. These agents are required to report their activities to a clearing house. The 2011 Rent Act states: “It is illegal for a landlord or his enforcement agent to be required or received from a new tenant rent or rent for one (1) year for all premises … Anyone who receives rent that goes beyond what is prescribed in this section is guilty of a criminal offence and, in the event of a fine of one hundred thousand nairas (N100, 000.00), or three (3) months` imprisonment. “If the rent is for example n100,000, they can tell you to pay N50,000 for the agent and not on the basis of percentage. There are no bases or criteria used, nor a minimum amount that they calculate for each type of transaction “In the shop on Victoria Island, it will not happen, but in the informal sector like Iyana Ipaja, Agege, Isolo, Berger among others, this is the region that you will find this practice.” If the agent earns 2 years` rent, it`s N50, 000 x 2 years, it`s N100, 000. And if you know your right, but the owner and agent refuse to identify your right He calculated the contract costs of these agents because, most times, no lawyer is involved in the development. The things that the agreement are not considered acceptable in court. This is the tax you pay to show the real estate agent that your intentions are pure and noble. It is also a fixed tax and pays for the transportation price of the real estate agent from one potential apartment to another. If you think data is expensive, you haven`t met any agent who doesn`t read customer descriptions.
If you reside in property that includes payments for service charges, the landlord or its representative, as a tenant, is required to issue you a separate receipt; and you are entitled to at least every 6 months a written account from the owner on how the funds you have paid.