-
A Tenant-Friendly Rental Solution
Problem: Tenants in Nigeria face exorbitant fees—like agent fees, legal costs, and hefty caution deposits—when renting annually, making housing unaffordable and stressful.
Solution: A digital platform streamlines annual renting by eliminating unnecessary fees, offering deposit insurance, and ensuring legal costs only apply to those who hire attorneys, easing the burden on tenants.
How It Works:
- Landlords list properties free, no agent fees.
- Annual rent paid with optional quarterly/monthly splits via financing partners.
- Free standard contracts; attorney fees only if you hire one.
- Deposit insurance (1-2% of annual rent) replaces big caution fees.
- Transparent costs, no surprises.
Who It’s For: Renters fed up with fees, landlords wanting an easy process.
Why It’s Cool: It could save tenants 70% on upfront costs and make renting a breeze for all.
Execution Hint: Launch in a pricey rental market with legal and finance partners. Ideal for the Nigerian market, where rents are paid annually with agent fees, legal fees, and caution fees, easing tenant burdens through tech and transparency.
-
0 Replies
Sorry, there were no replies found.
Log in to reply.