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04/08/2026

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RENT REVIEW IN NIGERIA: WHAT EVERY TENANT AND LANDLORD SHOULD KNOWMany tenants are currently facing rent increases and a...
01/08/2026

RENT REVIEW IN NIGERIA: WHAT EVERY TENANT AND LANDLORD SHOULD KNOW

Many tenants are currently facing rent increases and asking the same question:

"Can my landlord increase my rent by any amount?"

The simple answer is No—not without considering fairness, market conditions, and proper notice.

A rent review is the process of adjusting the rent payable by a tenant. While Nigerian law does not set a fixed percentage for rent increases, real estate professionals generally consider increases of 15% to 20% to be reasonable under normal market conditions.

A rent increase may be justified if:
✅ The property's value has increased.
✅ Major renovations or improvements have been made.
✅ Inflation and current market conditions support the adjustment.
✅ The tenant receives proper notice before the new rent takes effect.

However, a rent increase may be considered unfair or excessive if:
❌ It is far above the prevailing market rate for similar properties.
❌ No improvements have been made to the property.
❌ It is imposed without adequate notice or discussion.

For Tenants:

- Read your tenancy agreement carefully.
- Compare rents of similar properties in your area.
- Ask your landlord or agent to explain the reason for the increase.
- Seek professional or legal advice if you believe the increase is unreasonable.

A fair rental market benefits both landlords and tenants. Transparency, communication, and respect for due process help build lasting relationships.

Let's discuss!

- Which city are you in?
- What percentage increase has your landlord proposed?
- When was your last rent review?
- Do you think the increase is fair?

Share your experience in the comments.

Credit: Citohomes (Research and Compilation)

The Flooding in Lagos State Will Redefine Real EstateThis year's rainfall has been far heavier than expected. Across sev...
24/07/2026

The Flooding in Lagos State Will Redefine Real Estate

This year's rainfall has been far heavier than expected. Across several communities in Lagos State, flooding has disrupted daily life and exposed the urgent need for better infrastructure.

In some areas, residents have to use canoes to reach their homes because the roads are completely flooded. Many tenants have been forced to relocate to short-let apartments in areas with proper drainage systems, while others have taken refuge in hotels or with family and friends.

Many roads have been washed away, making transportation difficult. Some residents have developed infections after repeatedly walking through contaminated floodwater, while others have fallen seriously ill. Sadly, lives have also been lost due to the flooding.

Vehicles have been damaged, and buildings in flood-prone areas have become weakened, raising concerns about their structural safety.

We cannot control nature, but we can prepare for it by building infrastructure that will stand the test of time.

What We Must Do

- Stop dumping refuse into gutters and drainage channels.
- Stop building houses on canals and natural waterways.
- Regularly maintain gutters, canals, and drainage systems.
- Engage only qualified architects, civil engineers, and other construction professionals for building projects.
- Encourage communities and private organizations to partner with the government to develop durable infrastructure.
- Educate citizens on the importance of keeping the environment clean and maintaining public infrastructure.

Let us stop being selfish and work together to build a safer, healthier, and more sustainable environment for future generations.

We need:

- Good roads
- Effective drainage systems
- Responsible companies
- Quality housing
- Good schools
- Well-equipped hospitals
- Citizens with the right values and character

We should not wait until disasters force us into action. Now is the time to invest in resilient infrastructure that can withstand the challenges of the future.

What are your thoughts? Share them in the comment section.

Credit: Citohomes

With National Association of REALTORS® – I just got recognised as one of their top fans! 🎉
23/07/2026

With National Association of REALTORS® – I just got recognised as one of their top fans! 🎉

23/07/2026

Vacant Apartment

3 Bedroom Apartment in a Mini Estate at Lakowe Phase 2, Ibeju Lekki, Lagos

Rent: 4,500,000

22/07/2026

Vacant Apartment

Room and Parlour is available at Eputu London, Ibeju Lekki, Lagos

How to Find a Responsible RealtorA Realtor is a licensed real estate professional who assists clients with buying, selli...
17/07/2026

How to Find a Responsible Realtor

A Realtor is a licensed real estate professional who assists clients with buying, selling, renting, and managing properties while providing expert guidance throughout the process.

Functions of a Realtor
1. Advises clients on property investments and real estate decisions.

2. Manages properties on behalf of property owners.

3. Reminds tenants about rent renewal and lease expiration dates.

4. Markets and advertises property listings to attract qualified buyers or tenants.

5. Assists with property inspections, documentation, and negotiations.

6. Ensures real estate transactions are conducted professionally and ethically.

How to Choose a Good Realtor
1. Ensure the Realtor is registered and licensed by the appropriate regulatory authority.

2. Check the Realtor's reputation by reading reviews, testimonials, or asking for referrals.

3. Confirm that the Realtor has a physical office that you can easily locate.

4. Choose a Realtor who values honesty, transparency, and client satisfaction.

5. Select someone with good communication skills and sound knowledge of the local real estate market.

If you are looking for a responsible and reliable Realtor, you can contact:

Charles Obasanya Idowu
Telephone: +234 810 816 0092

Office Address: Suite 46, Yomiade Shopping Complex, Awoyaya, Lagos, Nigeria.

Your suggestions and additional tips are welcome. Please share your thoughts in the comment section to help others make informed decisions when choosing a Realtor.

Credit: Citohomes

With Forbes – I just made it onto their weekly engagement list by being one of their top engagers! 🎉
15/07/2026

With Forbes – I just made it onto their weekly engagement list by being one of their top engagers! 🎉

15/07/2026

Celebrating my 6th year on Facebook. Thank you for your continuing support. I could never have made it without you. 🙏🤗🎉

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