Detailed Cost Breakdown for Property Rental

This breakdown details the complete cost associated with renting this property. Please review carefully before proceeding.

Key Costs:

• Monthly Rent: ₦5,000,000 (Five Million Naira)
• Monthly Service Charge: ₦1,500,000 (One Million Five Hundred Thousand Naira). This covers [Specify what services are included, e.g., building maintenance, security, waste disposal, etc.].
• Monthly Electricity Bill: ₦1,500,000 (One Million Five Hundred Thousand Naira). This is an estimated average cost and may vary depending on usage.
• Caution Deposit: ₦500,000 (Five Hundred Thousand Naira). This is a refundable deposit to cover potential damages.
• Legal Fees: ₦500,000 (Five Hundred Thousand Naira). Covers the cost of legal documentation and processing.
• Diesel Payment (if applicable): ₦600,000 (Six Hundred Thousand Naira). This covers the cost of diesel for [Specify what this diesel is for, e.g., generator, etc.]. This may be a one-time or recurring payment – please clarify.
• Agency Fee: ₦500,000 (Five Hundred Thousand Naira). This is a one-time fee payable to the real estate agency for their services.

Total Upfront Costs:

The total upfront cost, payable before occupancy, is ₦2,500,000 (Two Million Five Hundred Thousand Naira) which includes the Caution Deposit, Legal Fees, and Agency Fee.

Important Notes:

All amounts are in Nigerian Naira (₦). It is crucial to clarify all payment terms and conditions with the property manager or landlord before signing any agreement. The electricity cost is an estimate, and actual usage may result in higher or lower bills.

Please contact us to schedule a viewing or to answer any further questions.