The issue of property management has persisted in the Nigeria society for quite sometime. Property management is the art and science of real estate with respect to it’s development, maintenance, cash flow from users and occupiers in order to achieve optimum benefits for the owner and all parties interested in the property within the ambit of relevant laws.
It is observed that for many years. most properties have lacked proper management due to absence of qualified property managers who are professionally equipped to handle property management.
Many property owners (Landlords) do not usually engage the services of estate surveyors and valuers. They appoint “caretakers” to look after or take care of their properties. These caretakers in turn have limited powers as they can only collect rent from tenants and engage in minor repairs of the properties. Moreover, they are mostly laymen and not trained in estate management. This has affected the value of some properties in the market.
Therefore, the ability of a property to yield highest returns and posses a long physical and economic life depends on good property management. Good property management has transcended ordinary maintenance of property based on tenant’s complaints and graduated into purposeful planning of building services and efficient accounting system with due regard to the legal, economic and social interests of the tenants and Landlord alike.
If we look around and study some of the multi-storey and public properties in some of our state capitals, most especially Awka, one can easily distinguish between the well managed and the neglected ones.
Proper management of our landed properties is as important as the construction of these properties and it is vital to the economics, historical, social and cultural development of our nation and it should be accorded its due importance both privately and publicly
TABLE OF CONTENTS
1.1Background of study
1.2Statement of the problem
1.3Objectives of the study
1.4Significance of the study
1.5Scope of the study
1.6Limitations of the study
2.1Meaning/Concepts of property
2.2Meaning of Management
2.3Concepts/Meaning of property management
2.4Concepts of value
2.5Rental values of commercial properties
2.6Landed properties and management
2.7Types of landed properties
2.8Characteristics of landed property investment
2.9Factors affecting property values
2.10Methods of determining value
2.12Problems of public property management in Nigeria
3.1Sources of data
3.2 Data collection method
4.0Data presentation and Analysis
5.0Findings, Recommendation and Conclusion
THE APPRAISAL OF THE EFFECT OF PROPERTY MANAGEMENT ON PROPERTY VALUE. (A Case study of commercial properties in Awka)
ABSTRACT The principal objective of property management is to maintain a property in a state to command the greatest possible net return and to protect the ownerâ€™s capital investment at all times, one unique feature of commercial properties is that they are of multiple occupation. Considering the huge capital investment in their... Continue Reading
1.1 BACKGROUND OF STUDY The issue of property management has persisted in the Nigeria society for quite sometime. Property management is the art and science of real estate with respect to it’s development, maintenance, cash flow from users and occupiers in order to achieve optimum benefits for the owner and all parties interested in the property... Continue Reading
CHAPTER ONE 1.1 BACKGROUND OF STUDY The issue of property management has persisted in the Nigeria society for quite sometime. Property management is the art and science of real estate with respect to it’s development, maintenance, cash flow from users and occupiers in order... Continue Reading
MANAGEMENT OF COMMERCIAL PROPERTIES IN NIGERIA (A CASE STUDY AT AWKA METROPOLIS) ABSTRACT In this recent times there has been inflationary trend in the Nigerian economy this has also effected different sectors of the economy including the financial affairs as long as one registers he becomes a management of commercial properties. The lack of... Continue Reading
ABSTRACT In this recent times there has been inflationary trend in the Nigerian economy this has also effected different sectors of the economy including the financial affairs as long as one registers he becomes a management of commercial properties. The lack of trained professional to handled the commercial properties constitutes the first major... Continue Reading
ABSTRACT Rent is a periodic payment made to an owner of a property for the use of such property. This payment is on the increase n modern times due to several factors which includes increase in the price of goods, inflation and greed on the part of landlords. Similarly, the collection of rent is limited by a lot of problems which often results to... Continue Reading
ABSTRACT The essence of town planning regulations in urban centres is to ensure that activities are organised and developed in physical space with due consideration for protection of public interest which includes health, safety, convenience, efficiency, energy conservation, environmental quality, social equity, social choice and amenity. The... Continue Reading
1.0 INTRODUCTION The land use Decree No. 6 of 1978 otherwise popularly called Land Use Act was promulgated on 29th March, 1978, the effective date of the commencement of its operation in Nigeria. It is a statutory approach or device used by the federal government to consolidate and harmonize the diverse tenures prevalent in the country before the... Continue Reading
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Transportation and property are important in physical and economic development of towns and cities all over the world. Property and land values tend to increase in areas with expanding transportation networks, and increase less rapidly in areas without such improvements. Rapid and... Continue Reading
THE ATTITUDE OF NIGERIAN WORKERS TOWARDS PROPERTY MAINTENANCE (A CASE STUDY OF INSTITUTE OF MANAGEMENT AND TECHNOLOGY I.M.T. ENUGU) ABSTRACT The primary intention of this research project work has been to examine the attitude of Nigeria workers towards property maintenance. The data use was collected from the academic staff and non academic the... Continue Reading