This is not a loan and we are not a lender. We take a lease of the property from the landlord and grant you an occupancy agreement you pay monthly. You are not borrowing money and there is no interest — but paying monthly does cost more than paying a year upfront, and we set out exactly how much below.
Nearly every Lagos landlord wants twelve or twenty-four months in advance. If you don't have that sitting in an account, the usual answer is that you cannot have the flat. Paying monthly changes that — but somebody still has to give the landlord their year, so the premium is real. We'd rather show you the number than bury it.
The landlord still gets paid annually — that part of the Nigerian market has not changed. What changes is who fronts it. The premium covers the cost of doing that, and the more often you pay, the more it costs. Examples below use a property whose normal annual rent is ₦5,000,000.
on the annual rent
on the annual rent
on the annual rent
the standard route
Paying monthly is more expensive in total. Anyone who tells you otherwise is selling. But "cheaper" is rarely the real question — the real question is what your alternative actually is.
Move in now. This replaces what you currently pay in rent.
Move in next year. This is on top of the rent you are already paying.
Saving looks cheaper per month until you notice you must do it while still paying to live somewhere. For most people that means finding roughly double the monthly outlay, for a full year, before anything changes.
So the premium is not buying you a better deal. It is buying you access, and time. If you already have the year's rent available, pay annually and keep the ₦750,000. We will tell you that when you apply.
We apply a 30% of net income ceiling. It is not a marketing number — it is the level above which rent starts crowding out everything else, and it is roughly where defaults begin.
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The structure matters, because it determines what you are signing and what protections apply.
From our monthly-payment listings, or one you have found yourself — we can approach the landlord, though not every landlord will agree.
Proof of income and identity. We are checking that payments are sustainable for you, not scoring you for a loan.
We lease the property from the landlord and pay them annually. You get an occupancy agreement with us, not a tenancy with them.
By standing order or card. A refundable security deposit applies, returned at the end less any damage or arrears.
If we advanced you money to pay a landlord and you repaid us with interest, that would be lending, and lending in Nigeria requires a CBN licence. We do not hold one and we do not do that.
Instead we take the lease ourselves and grant you the right to occupy on monthly terms. You are paying rent, not repaying a debt. This has a practical consequence worth knowing: because your agreement is with us rather than the owner, read it carefully and satisfy yourself about what happens if we fail, if the owner sells, or if you need to leave early.
We turn down applications, and it is better for everyone that we do it before you move rather than after.
We respond within 2 working days. No fee to apply, and applying does not commit you to anything.
We ask for less than most. Every field below is explained.
Because the landlord still wants their year upfront, and somebody has to provide it. Whoever does is out of pocket for an average of six months. At Nigerian funding costs that is genuinely worth 7–15% of the rent, which is where our 15% monthly premium comes from — it is not a margin invented because we can.
If a provider offers monthly payment at no premium at all, ask where the cost has gone. It is usually in a higher headline rent, an agency fee, or a deposit you will struggle to get back.
No. We are not a lender and hold no CBN licence. We lease the property and you pay us rent monthly under an occupancy agreement. There is no credit search and no interest. Arrears would be a debt to us like any unpaid rent, but you are not taking on borrowing.
Tell us early — genuinely early, not after three missed payments. We would rather agree a short payment plan or an orderly exit than pursue arrears. What we cannot do is carry an indefinite shortfall, because we are still paying the landlord.
This is the strongest argument for the 30% ceiling. A tenant at 45% of income has no room for anything going wrong, which is why we decline those applications even when people are keen.
No. There is no agency fee and no agreement fee. In Lagos these commonly run at 10% each, so on a ₦5,000,000 property that is ₦1,000,000 you are not paying. Once you count that, the monthly plan is often cheaper than a conventional letting in the first year — it is from year two onward that the premium starts to cost you.
Yes — a refundable security deposit, held against damage and arrears and returned at the end of your stay. The amount is stated before you commit, and the agreement sets out what can be deducted. Leaving before the agreed period may put it at risk, so raise it with us if your plans are uncertain rather than after you have signed.
Only where the landlord agrees to lease to us. Many will, because they receive their full year in advance and stop dealing with tenant management — that is the other half of our guaranteed rent service. But some will not, and we cannot force it. If you have found somewhere specific, send us the details and we will ask.
Several established operators do, and we would rather say so than pretend we invented it — flexible rent payment has existed in Lagos since around 2018 and there are companies who have been doing it far longer than us. Compare the total annual cost, the deposit terms, and what happens if you need to leave early, not just the monthly figure. Ask every provider, including us, for the full-year number in writing.
Lagos and Abuja currently. Other cities depend on finding landlords willing to work this way, and we would rather say no than take an application we cannot fulfil. Tell us where you need to be and we will be straight about whether we can help.
