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Transactions & release

Operations / Transactions / TX-8794

Payment and release run in Staging only

In Production, a deal stops at “Agreement signed” until our legal and payment partners sign off. The figures on this page are sandbox data.

TX-8794 · first year’s rent

Release review

3-bedroom serviced apartment, Ikoyi

tenant Ifeoma Nwankwo · Adaeze Okafor for the landlord

Move-in confirmed by the tenant, 30 Sep · the completion milestone is reached

Release checklist

Every item must pass. The release button stays off until they all do.

  • The agent and the property are verified

    Ebony Crest Realty agent verified · property PV-6620 verified 2 Sep

  • The payment matches what is owed

    PAY-99102 · ₦18,000,000 · checked again with Paystack on 29 Sep at 14:11

  • Everyone has signed the agreement

    Tenancy agreement version 2 · 3 of 3 signatures

  • The required inspection is done

    INS-3266 completed 20 Sep

  • Nothing is blocking the money

    No refund, dispute or complaint is open, and nothing is on hold

  • You’re allowed to release this money

    Finance admin · your extra sign-in step was verified at 09:02

History

  1. Release review startedCurrent30 Sep, 16:40 · move-in confirmed
  2. Funds held29 Sep, 14:11 · ₦18,000,000
  3. Agreement signed by all parties28 Sep
  4. Offer accepted24 Sep

Release

Rent (1 year)
₦12,000,000
Service charge
₦2,400,000
Agency fee
₦1,200,000
Legal fee
₦1,200,000
Caution deposit · stays held
₦1,200,000
XuaSpace commission
Rate not set yet
To release
₦16,800,000

Rent, service charge, agency fee and legal fee. The caution deposit stays held and isn’t part of this amount.

How the caution deposit is treated, and who has to approve a release, are still with legal. In Staging, one finance approver is enough.