Caution deposit - what it is and when you get it back

A caution deposit (also called a security deposit) is a refundable sum paid at the start of your tenancy. It is held by the host or property manager to cover any damages you may cause to the property, or any unpaid rent or utility bills at the end of your stay.

It is separate from your rent and should never be used as your last month's rent.

There is no fixed standard across Nigeria, but caution deposits typically range from one to three months' rent equivalent. The exact amount is set by the host and will be stated clearly on the listing page and in your tenancy agreement.

For shortlet properties, a smaller amount - often ₦10,000–₦50,000 - may be collected at check-in.

Caution deposits are usually paid at the same time as your first rent payment - before or on the day you move in. On Flatmates Nigeria, the deposit amount is shown separately on the booking confirmation screen.

You are entitled to a full refund of your caution deposit when you vacate the property, provided:

• The property is returned in the same condition as when you moved in (normal wear and tear excluded)
• All rent and utility bills are settled
• You have given the required notice period to the host

Hosts are expected to return the deposit within 14 days of the end of your tenancy. If your host refuses to return it without a valid reason, you can raise a dispute through the Flatmates Nigeria support team.

If your host claims deductions from your deposit, they must provide an itemised list of damages with supporting evidence (photos, receipts). You have the right to dispute any deduction you believe is unfair.

To raise a deposit dispute, go to your Bookings dashboard, select the relevant booking, and tap 'Raise a dispute'. Our team will review the evidence from both sides and mediate a fair outcome.