As the Nigerian rental market continues to grow, many tenants are increasingly frustrated with the high fees and extra charges imposed by agents. Traditionally, agents collect up to 10% of a year’s rent from tenants, in addition to caution fees, viewing fees, and other hidden costs. This has sparked calls for fintech platforms that connect landlords and tenants directly, eliminating unnecessary intermediaries.
For many landlords, especially older property owners or those living abroad, agents play a crucial role in vetting tenants, collecting rent, and arranging repairs. However, past attempts to create apps for direct landlord-tenant connections have often failed due to low property listings and trust concerns.
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Hope is now on the horizon with the upcoming launch of Crestapp.ng, a platform designed to offer verified property listings, secure payment options, and zero agent fees. By removing the middleman, the app aims to make the rental process more transparent and affordable for both tenants and landlords.
Meanwhile, platforms like Simpleroomsng.com are already offering commission-free listings, demonstrating that the model is both viable and appealing. With more fintech solutions entering the space, Nigerians may soon enjoy a rental market where convenience, security, and cost-effectiveness take priority over traditional agent reliance.
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