Why 50/50 Works
An even split removes negotiation from every future argument about rent. Once introduced through Fair Nest for a small one-time token connection fee, the pair did their own due diligence: they exchanged IDs, called references, and inspected the Admiralty Way apartment together before signing.
The ₦3.2M Breakdown, Line by Line
Here is how the annual costs were divided with complete transparency:
- Base net rent: ₦3,200,000 per year — split equally at ₦1,600,000 each, paid directly to the landlord.
- Legal and tenancy agreement: ₦160,000 one-off, split equally.
- Caution deposit: ₦200,000 total, held under a joint written agreement.
- Estate service charge and electricity: pooled monthly from a shared budget.
Independent Due Diligence
Fair Nest does not manage properties, act as an estate agent, or lease homes. It simply connects compatible potential roommates. These two vetted each other’s work references and government IDs before any money moved.
“We split the deposit, signed together, and held each other to a simple power schedule. That was the whole unlock.”— The Wuse 2 flatmates
