Rent Breakdown for 4-Bedroom Terrace and Semi-Detached Houses in Ajah, Lekki

This detailed breakdown outlines the cost of renting a 4-bedroom terrace or semi-detached house in the desirable Ajah, Lekki area. Prices vary slightly depending on the specific property type.

Rental Costs

Additional Costs

Beyond the monthly rent, several additional costs are associated with renting these properties:

• Agency Fee: 10% of the annual rent (payable upfront). This covers the services of a real estate agent.
• Legal Fees: 10% of the annual rent (payable upfront). This covers the cost of legal representation and documentation.
• Caution Deposit: 10% of the annual rent (refundable). This deposit protects the landlord against potential damages to the property.
• Service Charge: ₦1,065,660 (annual). This covers maintenance and upkeep of common areas and facilities within the estate or complex.
• Diesel Deposit: ₦60,000 per month (refundable). This covers the cost of diesel for the generator. This deposit is likely to be reimbursed once the tenancy expires and the remaining diesel is accounted for.
• Electricity: Pay-as-you-use billing at ₦220 per kilowatt-hour (kWh). Electricity is supplied through both EKEDC (the national grid) and a generator.

Total Estimated Annual Costs

The total estimated annual cost, excluding electricity, will vary based on the chosen property type. Here's a breakdown assuming the diesel deposit is reimbursed at the end of the tenancy:

Note: These are estimates. Actual costs may vary based on individual electricity consumption. It is advisable to clarify all costs directly with the landlord or property agent before signing a lease agreement.

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