The fee paid to the agent who brokers a sale or rental.
Agents in Abuja usually charge a percentage of the sale price or annual rent. The rate is negotiable and varies by deal size, so agree it in writing before the transaction starts.
On rentals, agency fees are commonly quoted alongside a Legal fee and Caution deposit, all payable with the first rent.
Watch out
Confirm who the agent represents. An agent paid by the seller is not working for you.
Related terms
General information about property in the FCT, not legal or tax advice. Rules, fees and processes change, so confirm the current position with AGIS, a lawyer or our team before you act.