Renting to a Friend in Zambia? Here’s Why It Could Be a Mistake.

Renting To a Friend? Think Twice.

Thinking of renting your property to a close friend in Lusaka? It might seem like the perfect arrangement—a tenant you already know and trust. But mixing business with friendship can get complicated, fast. Before you hand over the keys, let's talk about what could go wrong.

In this essential video for Zambian landlords, we explore the common pitfalls of informal rental agreements:

Skipping the Formal Lease: The handshake deal that leaves you completely unprotected.

Late (or No) Payments: Suddenly, your friend "expects you to understand" their financial situation, putting you in an awkward position.

The Friendship Tax: When expectations of leniency clash with the reality of running a property investment.

Suddenly, your investment could be losing money, and worse, your friendship is on the rocks.

So, how do you protect your property without damaging your relationship? Remember this crucial rule: friendship doesn't pay the bills.

The only way to make it work is to treat it like a business from day one. We'll show you why you must:

Use a Proper Lease Agreement: No exceptions. A contract clarifies everything and sets professional boundaries.

Take a Security Deposit: Just like you would with any other tenant.

Set Clear, Written Terms: Outline rules for rent payment dates, utility bills, and property maintenance.

Putting a formal agreement in place isn't about distrusting your friend—it's about protecting both of you from misunderstandings and potential disputes. It’s the best way to ensure your property remains a successful investment and your friendship stays strong.