Referrers receive commissions on a monthly basis as long as rent is paid for the referred and listed property, or by the referred occupant.
Referred properties with rents costing less than ₦500,000 ($1,282) attract commissions of at least 10%, while apartments above ₦601,000 ($1,538) attract a fixed ₦60,000 ($154) commission.
Most rentals in Nigeria operate on yearly contracts where tenants are required to pay for the whole year up front. RentSmallSmall operates a flexible rental service that lets tenants pay on a month-to-month basis.
Launched in 2016 as a convenient rental service, Rent Small Small operates only in higher-income in Lagos, but has plans to expand to other major cities. Last year, the company acquired furniture marketplace Furnisure and blue-collar cleaning service Maid Easy. All three companies now operate as a consortium under the RentSmallSmall Group.