Frequently Asked Questions

General

Renmo is a free, secure, and convenient platform that allows Ghanaians to pay MONTHLY for their rental homes.

Renmo works in two ways:

  • You find your own rental unit and then let us know about it. Renmo will then partner with your future landlord to either pre-finance or negotiate with that landlord, allowing you to pay MONTHLY.
  • You browse listings on our website and select your preferred rental unit

NO. Renmo requires PROOF of regular & sustainable flow of income. Anyone who can provide that proof is a potential Renmo customer. Your monthly net income should be at least 2.5 times the monthly rent.

NO. It is free to sign-up on our website to browse available houses and financing options. You only pay our document processing fee of GHS49 in order to validate your information.

PROPERTIES

NO. Renmo does not own the houses. We only facilitate monthly rent payments.

Yes. You can come with your own property and Renmo will provide funding.

RENT

We charge a viewing fee if you are interested in any property we have listed.

You pay the monthly rent through Renmo’s website or Mobile App (coming soon) using either your mobile money or bank account. It is a simple process.

We charge a yearly premium between 22.5% - 25% on the total rent financed.

NO. We do not require any collateral from the tenant.

YES. We require all our tenants to pay TWO months of their Renmo rent as a security deposit.

Yes, Renmo's security deposit is different from what a landlord may require. Some landlords require tenants to pay a 'Maintenance Fee' that is used to cover any damages. This maintenance deposit requirement from the landlord is different from what Renmo takes for the security deposit.

Renmo charges a one-time fixed fee of GHS125 for the property inspection fee. However, Renmo waives or refunds this fee to the tenant if the tenant invites THREE people to sign-up (sign-ups are free) on either the website or mobile app (coming soon). (This fee is only due when your information is validated).

Still need help? Reach out to us.

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