THINGS EVERY LANDLORD NEEDS TO KNOW BEFORE RENTING OUT A PROPERTY
By Peace Epangha • 7/21/2025
What Landlords should know before renting out an apartment.
Being a landlord in Nigeria can be rewarding, but it also comes with risks, responsibilities, and sometimes frustrations.
Whether you’re new to renting out your property or looking to improve your experience, here are key things every landlord should know before listing.
1. Understand Your Responsibilities
Owning a property doesn’t end at collecting rent. Tenants expect a clean, safe, and livable space. Make sure the plumbing, wiring, and security of your property are in good condition before showing it to potential renters. Regular maintenance also keeps your property attractive and valuable.
2. Price Fairly
Many landlords lose good tenants by overpricing their homes or hiking rents unnecessarily. Research the going rates in your area or use HomXe’s free pricing guide to set a competitive rent that attracts tenants while still giving you a good return.
3. Screen Tenants Properly
Not every tenant is a good fit. Verify your tenant’s identity, occupation, and ability to pay. On HomXe, we pre-screen tenants for you, so you only deal with reliable, verified renters.
4. Have a Clear Agreement
A clear tenancy agreement protects you and your tenant. It should include rent amount, payment schedule, maintenance responsibilities, and what happens if either party defaults. HomXe helps you draft a simple, fair agreement you can both trust.
5. Avoid Hidden Charges
It’s tempting to add unnecessary service or agent fees to cover costs, but this drives tenants away. Instead, be transparent and charge only what’s fair. HomXe discourages excessive fees and works with you to keep charges reasonable.
6. Be Accessible
Good communication keeps tenants happy and loyal. If there’s a leak, a fault, or a complaint, respond quickly. On HomXe, tenants can message you directly while we help you manage maintenance requests.
7. Work With Trusted Service Providers
Every property needs occasional repairs or cleaning. HomXe connects you with verified electricians, plumbers, cleaners, and more, so you don’t have to scramble when something goes wrong.
Final Thought
Renting your property doesn’t have to be stressful. With fair pricing, clear agreements, and good communication, you can attract long-term tenants who treat your property with respect.
Ready to rent out your property? Join the wait-list to know when we are set to launch
https://www.homxe.com/waitlist