This Per-Listing Agreement ("Agreement") governs the relationship between Housing101 Proptech Solutions Limited (RC 8597579), operator of the eFRINO platform ("Housing101", "we", "us", "our"), and the property owner or duly authorised principal agent ("Landlord", "you", "your") for the specific property identified at the time of signing ("the Property").

By signing this Agreement, you confirm that you have read, understood, and accepted these terms for the Property. This Agreement is signed when you add the Property to eFRINO and takes operational effect when the Property is published for rent on the platform.

a."Property" means the specific real estate unit identified by address, ownership documentation, and other particulars supplied by the Landlord at the time of onboarding.

b."Listing" means the public marketing of the Property for rent on the eFRINO platform.

c."Activation" means the moment the Property is published for rent on the eFRINO platform, at which point the operational obligations under this Agreement take effect.

d."90-Day Performance Period" means the period of ninety (90) calendar days commencing from the Activation date, during which Housing101 markets the Property exclusively on the platform.

e."Tenant Payment" means the collection on the eFRINO platform of the first rent payment due under the approved Payment Cadence, together with the caution deposit, for a tenancy on the Property.

f."Tenanted" means a tenancy agreement has been executed on the eFRINO platform with the Tenant Payment received in full.

g."Genuine Withdrawal" means the Landlord’s removal of the Property from the rental market for self-occupation, sale, family use, major renovation rendering the Property uninhabitable for at least six (6) months, or permanent removal from rental use.

h."Payment Cadence" means the frequency at which the Tenant pays rent, being annual, quarterly or monthly, as approved by the Landlord for the Property under Clause 11.

i."Rental Fee" means the transaction charge levied on the Tenant at Activation of a tenancy, being ten per cent (10%) of annual rent on a landlord-direct listing and fifteen per cent (15%) on an agent-listed Property.

j."Renewal" means a further tenancy term executed through the eFRINO platform between the Landlord and a sitting Tenant, following the expiry of a preceding term.

k."Renewal and Protection Fee" means the fee payable by the Landlord under Clause 10(e).

l."Qualifying Maintenance Expenditure" has the meaning given at Clause 10(e)(iii).

m."Verification Summary" means the summary of a Tenant applicant’s verification outcomes disclosed to the Landlord under Clause 12.

n."Qualifying Property" means a Property of more than one storey which is rented out through the platform, and which is therefore eligible for third-party liability cover funded by Housing101.

At the time of signing this Agreement, the Landlord declares the state of the Property by selecting one of the following options on the eFRINO platform:

a.Available Now. The Property is vacant and the Landlord intends to publish it for rent immediately. This Agreement activates immediately at signature.

b.Available Later. The Property is either currently occupied by a non-eFRINO tenant or vacant but not yet ready for listing. This Agreement is signed now but its operational obligations take effect only when the Landlord publishes the Property for rent on the platform ("Listing Activation").

At the point of Listing Activation, the Landlord shall confirm via affirmative consent on the platform that the Property is vacant, free of any prior tenancy obligation, and available for eFRINO marketing.

Upon Activation of this Agreement, the following operational obligations take effect:

a.The 90-Day Performance Period commences.

b.Transaction exclusivity attaches to the Property as set out in Clause 4.

c.Tenant and agent funnelling obligations apply as set out in Clause 5.

d.Anti-circumvention restrictions apply as set out in Clause 6.

e.Credit bureau reporting authorisation becomes operative as set out in Clause 8.

f.Housing101’s obligation to fund third-party liability insurance on a Qualifying Property attaches in accordance with Clause 9.

4.1   Marketing is not restricted

The Landlord may market the Property wherever they choose, including on competing platforms, marketplaces, social channels, agent networks and physical signage. Housing101 places no restriction on where or how the Property is advertised.

4.2   Transaction exclusivity

What is exclusive to eFRINO is the transaction, not the advertising. Any tenancy on the Property concluded while the Property is actively listed on eFRINO, and any tenancy concluded within twelve (12) months of Activation, must be executed on the platform, with the Tenant verified and the Tenant Payment made through the platform, however the Tenant was introduced.

Concluding a tenancy on the Property outside the platform within that period constitutes material breach and may attract liquidated damages as set out in Clause 13.

4.3   Performance test at Day 90

At the end of the 90-Day Performance Period:

a.If the Property is Tenanted on or before Day 90, the tenancy proceeds and a new Performance Period resets at the next vacancy event.

b.If the Property is not Tenanted by Day 90, the Landlord may unpublish the Property with no penalty. Operational obligations under this Agreement are suspended upon unpublishing, save for the transaction exclusivity at Clause 4.2 and the anti-circumvention obligations at Clause 6, which continue for their stated periods.

c.If the Property is not Tenanted by Day 90 and the Landlord opts to remain on eFRINO, the listing continues for a further 90-day cycle under the same terms.

While the Property is actively listed on the eFRINO platform, the Landlord agrees to:

• Direct all tenant enquiries about the Property to the eFRINO platform.
• Require any non-principal agent showing the Property to route prospective tenants through eFRINO for verification, payment, lease execution, and escrow deposit handling.
• Not enter into any rental agreement on the Property outside the eFRINO platform during the active listing period.
• Use the property-specific QR code or short link provided by Housing101 to direct walk-in interest into the platform onboarding flow.

Failure to comply with these funnelling obligations constitutes material breach of this Agreement and may attract liquidated damages as set out in Clause 13.

a.Any tenant introduced to the Landlord through the eFRINO platform must transact through eFRINO for the duration of the tenancy on the Property and for twelve (12) months following termination of that tenancy.

b.This obligation applies regardless of the Property’s listing state at any future point in time and survives the unpublishing or delisting of the Property.

c.Direct renewal, extension, or new tenancy with a tenant introduced through eFRINO, conducted outside the platform, constitutes material breach and may attract liquidated damages as set out in Clause 13.

7.1   Right of withdrawal

The Landlord may at any time withdraw the Property from the rental market for the reasons defined as Genuine Withdrawal under Clause 1(g). Upon declared Genuine Withdrawal, the operational obligations under this Agreement terminate with respect to the Property.

7.2   Re-listing restriction

If the Landlord declares Genuine Withdrawal and subsequently re-lists the Property for rental on the eFRINO platform, on any competing platform, or through any private channel within twelve (12) months of the declared withdrawal date, all costs incurred by Housing101 on the Property up to the withdrawal date, including insurance premiums, agent payouts, onboarding costs, and any other documented platform investment, shall become recoverable as liquidated damages.

7.3   Verification rights

Housing101 reserves the right to verify Genuine Withdrawal claims through reasonable means, including site visits, public listing scans, and review of utility or occupancy records. The Landlord’s failure to permit verification within thirty (30) days of written request may be treated as breach of this Agreement.

a.The Landlord authorises Housing101 to report tenant payment behaviour, default events, and tenancy outcomes for any tenant placed on the Property through the eFRINO platform to licensed credit bureaus operating in Nigeria, including FirstCentral Credit Bureau Limited.

b.Where applicable and permitted by law, Housing101 may also report tenant default to the tenant’s employer, in accordance with the consents obtained from the tenant under the eFRINO platform terms.

c.This authorisation is granted under the Nigeria Data Protection Act and applicable credit reporting regulations, and forms part of the consideration the Landlord receives under this Agreement, namely access to default recovery and credit-bureau-enforceable rental infrastructure.

d.The Landlord acknowledges that this credit reporting infrastructure is a material component of the Housing101 service offering.

In consideration of the Landlord’s obligations under this Agreement, Housing101 commits to provide the following for the Property:

• Marketing and tenant acquisition for the Property on the eFRINO platform.
• Tenant verification through identity (BVN or NIN), employment, affordability and credit bureau checks.
• Lease execution through standardised tenancy agreements generated on the platform, prepared from a template reviewed and stamped by a qualified legal practitioner, at no cost to the Landlord or the Tenant.
• Preparation and stamping of the renewal instrument at each Renewal executed through the platform.
• Escrow management of caution deposits through an SEC-licensed corporate trustee, with structured pre- and post-inspection workflows.
• Default recovery infrastructure including credit bureau reporting and, where applicable, employer notification.
• Dispute resolution support through the eFRINO platform’s structured workflows.

9.1   Third-party liability insurance

a.Housing101 funds third-party liability insurance on a Qualifying Property. No premium is payable by the Landlord. A Property of a single storey is out of scope and no cover is provided.

b.For a tenancy placed through the platform, cover attaches from the Tenant Payment, being the point at which the caution deposit is placed into escrow, and continues while eFRINO caution deposits are held in respect of the Property.

c.Where the Property was onboarded with a sitting tenant not placed through the platform, cover attaches at the first Renewal executed through eFRINO, at which point a caution deposit is first placed into escrow. Before that point the liability is unfunded and no cover is provided.

d.Where the Property forms part of a building of multiple units at a shared address, cover is arranged at building level and the first activation in the building funds the premium.

e.Cover lapses at the next renewal date following release of the last eFRINO caution deposit held in respect of the building.

a.The Rental Fee is charged to the Tenant at Activation of a tenancy and deducted from the Tenant Payment. It is ten per cent (10%) of annual rent on a landlord-direct listing and fifteen per cent (15%) on an agent-listed Property. The Rental Fee is not payable by the Landlord.

b.Where a principal agent is duly onboarded to eFRINO and authorised by the Landlord, agent commissions are paid by Housing101 from the Rental Fee, in accordance with the agent compensation framework agreed separately with that agent.

c.Save for the Renewal and Protection Fee at Clause 10(e), no additional fees are payable by the Landlord for tenant verification, lease execution, escrow management, third-party liability insurance, or credit bureau reporting under the standard service offering. No listing fee, signup fee or inspection fee is payable at any time, and no fee of any kind is payable by the Landlord during the first tenancy placed through the platform.

d.Optional add-on services, including fire and special perils insurance, are subject to separate enrolment, pricing, and disclosure terms and are not included in the standard offering under this Agreement.

10(e)   Renewal and Protection Fee

i.From the first Renewal executed through the eFRINO platform in respect of the Property, and for so long thereafter as Housing101 acts as collection agent, the Landlord shall pay a Renewal and Protection Fee of two per cent (2%) of rent collected, deducted at source by split settlement from each Tenant Payment.

ii.No Renewal and Protection Fee is payable during the first tenancy placed through the platform. Where the Property is onboarded with a sitting tenant, no fee is payable for the remaining term of that tenancy.

iii.Where Qualifying Maintenance Expenditure has been recorded on the platform for the Property during the twelve months preceding a Renewal, the fee for that Renewal is calculated on the annual rent less that expenditure. Qualifying Maintenance Expenditure means amounts spent on repairs and maintenance of the Property which are incurred and borne by the Landlord, paid through the platform so that the payment is recorded and verifiable, incurred in the twelve months immediately preceding the Renewal, attributable to the Property, and repairs and maintenance in nature. Expenditure borne by the Tenant, recovered from the Tenant, funded from service charge, or settled by deduction from the caution deposit at move-out does not qualify. Capital improvements, extensions and furnishing are excluded.

iv.Qualifying Maintenance Expenditure is capped at the annual rent. The net base cannot fall below zero and no fee credit or refund arises in any circumstance. Maintenance netting is a discretionary platform feature which Housing101 may vary or withdraw for future Renewals on notice.

v.The fee covers the renewal instrument and its stamping, rent collection and settlement, payment reminders and records, tenant messaging, repairs coordination, credit bureau reporting, escrow administration, and third-party liability cover funded by Housing101 on a Qualifying Property.

vi.The fee applies only where Housing101 acts as collection agent for the Property. Where the Landlord elects at Renewal to collect rent otherwise than through the platform, the fee does not apply and the funded benefits at Clause 10(e)(v) cease accordingly. The anti-circumvention obligations at Clause 6 continue to apply.

vii.The Landlord acknowledges this Clause 10(e) through the in-app listing summary at Annexure A, which is presented before the Property can be added and which the Landlord must agree to in order to proceed. The fee is a standard platform term applicable to all landlords and is not subject to negotiation.

Worked example. On a Property with annual rent of ₦3,000,000 and no recorded maintenance, the fee at Renewal is ₦60,000. Where ₦500,000 of Qualifying Maintenance Expenditure has been recorded, the fee is 2% of ₦2,500,000, being ₦50,000.

a.The platform supports three payment cadences: annual, quarterly and monthly. A Tenant applies for a cadence and the Landlord approves or declines that application for the Property. No cadence other than annual is a Tenant entitlement.

b.Approval of a cadence for one tenancy does not oblige the Landlord to approve the same cadence on Renewal or for any future tenancy on the Property.

c.Where a quarterly or monthly cadence is approved, the Tenant pays a Payment Plan Fee of three per cent (3%) of annual rent upfront at Activation. That fee is borne by the Tenant and is not deducted from rent due to the Landlord.

d.Rent is settled to the Landlord in full in accordance with the approved cadence, less only the Renewal and Protection Fee where Clause 10(e) applies.

11.1   Default coverage

a.On a monthly tenancy, the Tenant pays two (2) months of rent at Activation and Housing101’s default guarantee covers one (1) further month, so the Landlord is protected for three (3) months from lease commencement. Because each recurring payment falls due in advance of the month it covers, the Landlord is at all times one (1) month ahead on rent received, with the one (1) month guarantee behind it, giving two (2) months of forward protection at any point during the tenancy.

b.On a quarterly tenancy, rent for each quarter is paid in advance of that quarter, so no loss arises to the Landlord during a quarter for which rent has been received. Where the Tenant fails to pay for a following quarter, Housing101’s default guarantee covers one (1) month of rent, intended to fund the initiation of recovery of possession.

c.The default coverage terms in force at execution of a tenancy govern that tenancy. Housing101 may adjust coverage terms for future tenancies on notice.

a.When a Tenant applies for a tenancy on the Property, Housing101 discloses a Verification Summary for that Tenant to the Landlord, and to any principal agent instructed on the Property, so that the Landlord can make an informed decision on the application.

b.The Verification Summary comprises the Tenant’s legal name and contact details, identity verification status, employment verification status and employer of record, an affordability outcome comparing verified income against the rent for the Property, a credit standing outcome, and prior tenancy conduct on the platform where available.

c.The Verification Summary does not include the underlying credit report, payslips, bank statements or the raw output of bank statement analysis, BVN, NIN or any government identification number, bank account or payment card details, or the Tenant’s activity in relation to any other Property.

d.The Verification Summary is disclosed for the sole purpose of assessing that specific application for the Property. The Landlord shall not use it for any other purpose; shall not copy, export, photograph, screenshot, download or otherwise remove it from the platform; shall not disclose it to any third party except a professional adviser bound by confidentiality where necessary to decide the application; shall not retain it after the application has been decided, other than the record retained within the platform; shall not use it for marketing, profiling, or building any list or database; and shall not use it to make a decision on any ground that is unlawful or discriminatory under Nigerian law.

e.Every access to a Verification Summary is logged.

f.The Landlord acts as an independent Data Controller in respect of their own decision on the application and is responsible for their own compliance with the Nigeria Data Protection Act. Breach of this Clause 12 is a material breach of this Agreement and may result in suspension or termination of the Landlord’s account, in addition to any liability the Landlord may incur under the Act in their own right.

In the event of breach of this Agreement, the following liquidated damages apply, capped at a total of Five Million Naira (₦5,000,000) per Property:

a.Off-platform rental of the Property during an active listing period: twelve (12) months of expected Rental Fee on the Property, plus all insurance premiums and agent fees paid by Housing101 in respect of the Property.

b.Re-listing of the Property within twelve (12) months of declared Genuine Withdrawal: all documented Housing101 investment in the Property up to the withdrawal date, plus six (6) months of expected Rental Fee.

c.Direct circumvention with a tenant introduced through eFRINO, including Renewal conducted outside the platform: twelve (12) months of Rental Fee on the original tenancy value.

These liquidated damages represent a genuine pre-estimate of loss and shall not be construed as a penalty.

a.This Agreement remains in effect for the Property until the Property is permanently delisted from the eFRINO platform under a declared Genuine Withdrawal or until terminated under this Clause.

b.Either party may terminate this Agreement for material breach upon thirty (30) days’ written notice specifying the breach, where the breach remains uncured at the end of the notice period.

c.Termination does not release either party from obligations accrued prior to termination, including liquidated damages, anti-circumvention obligations, credit bureau reporting on placed tenants, obligations in respect of Tenant verification data under Clause 12, or confidentiality.

The Landlord represents and warrants that:

• They are the legal owner of the Property or are duly authorised by the legal owner to enter into this Agreement on the owner’s behalf.
• Where signing on behalf of the legal owner, they hold valid power of attorney or exclusive instruction recorded with eFRINO.
• At the point of Activation, the Property is vacant, free of any conflicting tenancy or listing arrangement, and available for eFRINO marketing.
• The Property complies with applicable laws and regulations governing rental properties in Nigeria.
• The number of storeys and the number of units at the address, as declared at Add Property, are accurate. These fields determine eligibility and classification for third-party liability cover under Clause 9.1.
• All information provided to Housing101 about the Property is accurate and complete to the best of the Landlord’s knowledge.

Misrepresentation of any of the above constitutes material breach of this Agreement.

a.Both parties shall maintain confidentiality regarding proprietary and sensitive information exchanged under this Agreement.

b.Housing101 processes the Landlord’s personal and Property data in accordance with the Nigeria Data Protection Act and Housing101’s Privacy Policy, which forms part of the eFRINO General Platform Terms accepted by the Landlord at signup.

c.The Landlord’s obligations in respect of Tenant personal data disclosed under Clause 12 are additional to, and not limited by, this Clause 16.

a.This Agreement is governed by the laws of the Federal Republic of Nigeria and, where applicable, the laws of Lagos State.

b.The parties shall first attempt to resolve any dispute amicably within fourteen (14) days of written notice.

c.Unresolved disputes shall be referred to arbitration under the Lagos Court of Arbitration, before a single arbitrator, seated in Lagos and conducted in English. Each party shall bear its own legal costs and the arbitrator’s fees shall be shared equally.

d.Either party may seek interim injunctive relief in a competent court pending arbitration.

18.1   Entire agreement

This Agreement, together with the eFRINO General Platform Terms and any Master Listing Partnership Agreement applicable to the Landlord, constitutes the entire agreement between the parties in respect of the Property.

18.2   Amendment

Material amendments to this Agreement shall be presented to the Landlord for affirmative re-consent through the eFRINO platform. A change to the fees payable by the Landlord is a material amendment. Continued use of the platform after re-consent constitutes acceptance of the amended terms.

18.3   Severability

If any provision of this Agreement is held to be invalid or unenforceable, the remainder of the Agreement shall continue in full effect.

18.4   Notices

Notices under this Agreement may be delivered through the eFRINO platform, by email, or such other written channel as the parties may agree.

This summary is presented on the eFRINO platform before a Property can be added. The Landlord or principal agent must agree to it in order to proceed. Agreement to this summary constitutes acceptance of this Agreement for the Property, including the Renewal and Protection Fee at Clause 10(e).

Landlord

• I own this property or have written authority to let it.
• Listing is free. No fee during my first tenancy. From my first renewal, 2% is deducted automatically from rent collected for as long as eFRINO collects my rent, less any repairs I record on eFRINO in the previous 12 months.
• I can advertise anywhere, but any tenancy within 12 months must close on eFRINO, however the tenant was found.
• The caution deposit is held by an independent licensed trustee, not by me, and released through the platform’s process.
• The eFRINO tenancy agreement is the lease. I may add covenants that do not conflict with its payment, escrow or dispute terms.
• I decide how my tenant pays. Tenants may apply to pay annually, quarterly or monthly, and I approve or decline.
• eFRINO may report tenant payments and defaults to credit bureaus. I will use applicant verification data only to decide that application and will not share it.
• My property details are accurate, including storeys and units. I accept the indemnity and have access to the Full Platform Terms.

[ Agree and add property ]

Principal Agent

• I hold power of attorney or exclusive written instruction from the landlord.
• Listing is free. I have told the landlord no fee applies during the first tenancy, and that from the first renewal 2% is deducted automatically from rent collected for as long as eFRINO collects the rent.
• I can advertise anywhere, but any tenancy within 12 months must close on eFRINO, however the tenant was found.
• I have told the landlord the caution deposit is held by an independent licensed trustee and released through the platform’s process.
• The eFRINO tenancy agreement is the lease. Any covenants I add are instructed by the landlord.
• The landlord decides how the tenant pays. Tenants may apply to pay annually, quarterly or monthly, and the landlord approves or declines.
• eFRINO may report tenant payments and defaults to credit bureaus. I will use applicant verification data only to advise on that application and will not share it.
• My property details and authority to act are accurate. I accept the indemnity and have access to the Full Platform Terms.

[ Agree and add property ]

Where the Property was added under the Available Later state, the following confirmation is presented to the Landlord at the point of publishing.

Screen title

You are publishing your Property. Please confirm.

Body copy

You are about to publish [Property Address] for rent on eFRINO. You agreed to your Per-Listing Agreement when you added this Property. By publishing now, you activate that Agreement and the following starts immediately:

• Your 90-Day Performance Period begins. eFRINO has 90 days to find you a tenant. If we do not, you can unpublish on Day 90 with no penalty.
• You can keep advertising anywhere. Any tenancy within 12 months must close on eFRINO, however the tenant was found.
• Tenant funnelling becomes active. All enquiries about this Property must be directed to the platform. Walk-ins and non-principal agents must use your QR code or short link.
• Credit bureau reporting becomes operative. Tenants placed on this Property may be reported to licensed credit bureaus for default events.
• Insurance cover activates when your tenant pays. If your Property has more than one storey, Housing101 funds third-party liability insurance from the moment your tenant’s first rent payment and caution deposit are received, at no cost to you.
• You decide how your tenant pays. Tenants may apply for annual, quarterly or monthly payment. You approve or decline each request.

Vacancy confirmation

Before you publish, please confirm:

• The Property is vacant and available for eFRINO marketing right now.
• The Property is free of any prior tenancy obligation or competing arrangement.
• I have authority to list this Property on eFRINO.

Affirmative action

I confirm and activate my Per-Listing Agreement for this Property.

[ Activate and Publish ]

You agreed to your Per-Listing Agreement on [agreement date]. Tap View Agreement to review the full terms.

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