Why we charge one fee, once — and what it actually covers

Property fees in Nigeria have a reputation, and it is not a good one. Buyers and tenants often describe a slow accumulation of charges — an agency fee, then an agreement fee, then a legal fee, then a caution deposit — each one introduced separately, often after a decision has already been made emotionally.

Our fee structure is deliberately narrower than that. On a sale or an outright purchase of land, the fee is 10% of the sale price, paid by the buyer, once, on completion. On a letting, it is 10% of the annual rent, paid by the tenant, once, at the point the tenancy is secured — not renewed annually, not charged again at each rent cycle.

That is the whole fee. We do not collect an agreement fee, a legal fee, or a caution deposit — those either do not apply to how we operate, or are handled directly between the relevant parties, not routed through us. If a fee is not listed here, it is not one we charge.

What the 10% actually pays for is everything that happens before that number ever comes up: the mandate taken directly from the owner, the property visited and photographed in person, the title position checked and disclosed, the inspection arranged and confirmed, and a single point of contact from first enquiry through to keys changing hands. It is priced as one number specifically so it can be known in advance, rather than discovered in stages.

Where we continue managing a property after a letting — rent renewals, tenant liaison, maintenance coordination — that is a separate, flat management fee, agreed with the landlord directly and unrelated to the original letting fee. It is never bundled in without being named.