The Lagos State Government has urged small business operators and tenants to report any real estate agents who demand more than 10% of annual rent as agency or agreement fees.This directive aims to protect entrepreneurs from unjust rental charges that i… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Lagos urges small businesses to report rent agents charging over 10% By Busola Bamidele on May 16, 2025 The Lagos State Government has urged small business operators and tenants to report any real estate agents who demand more than 10% of annual rent as agency or agreement fees. This directive aims to protect entrepreneurs from unjust rental charges that inflate the cost of doing business in the state. Authorities stress that legal charges on tenancy agreements are regulated and must not exceed approved limits. Read also: Lagos urges small businesses to report rent agents charging over 10% Ministry launches digital platform for citizenship, business services Local businesses gear up for boost as Ogun hosts Nigeria's biggest sports festival FG launches $500m climate platform to boost green infrastructure, resilience Italian grant to empower rural farmers boost agribusiness Small business owners are encouraged to report defaulters to the Lagos State Real Estate Regulatory Authority (LASRERA) for appropriate action.

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