Rent Agreement Generator — Lagos, Nigeria
Rent Agreement Generator for Lagos — Tenancy Law 2011 Compliant
Lagos rental market is one of Africa's most expensive. Average rents range from ₦500,000-2,000,000/year in mainland areas to ₦2,000,000-10,000,000+/year on the Island (Victoria Island, Ikoyi, Lekki)....
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Lagos rental market is one of Africa's most expensive. Average rents range from ₦500,000-2,000,000/year in mainland areas to ₦2,000,000-10,000,000+/year on the Island (Victoria Island, Ikoyi, Lekki). The Tenancy Law of Lagos State 2011 caps advance rent at 12 months for new tenancies.
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FAQ
Frequently Asked Questions
Lagos rents vary dramatically by location. Mainland areas like Yaba, Surulere, and Maryland range from ₦500,000-1,500,000/year for a 2-bedroom flat. Ikeja and Ogba range from ₦800,000-2,000,000. The Island areas are significantly more expensive: Victoria Island ₦3,000,000-8,000,000, Ikoyi ₦4,000,000-15,000,000, and Lekki Phase 1 ₦2,500,000-6,000,000. Ajah and Sangotedo offer more affordable options at ₦500,000-1,500,000. All rents are typically paid annually in advance.