Different Strokes For Different Tenancy Situations

Some tenancy situations by nature are different either by the use, to which the accommodation is put, or physical differences (for example, renting a bare site) and lastly social differences (especially the social complications that arise when the landlord and tenants live together).Continue Reading

How To Handle Rent Increase In Lagos / Abuja Nigeria

The rent chargeable for accommodation differs all over the country depending on which town or city the property is situated. Everyone will just have to apply this guide to local conditions the way they occur. For obvious reasons depending on the town or city in which you reside, rent when compared with the other places may be considered low or high.Continue Reading

The Rent Obligation Of Any Tenant

Every tenant must pay rent. In fact that is what empowers you to be called a tenant. Rent is the amount of money (also called consideration) which is paid to be allowed the use of an apartment or building space. The unit of accommodation or space should be clear to the parties in question.Continue Reading

When The Rents Are Late

It is difficult to imagine the anguish of a man who has failed for months to pay his rent despite repeated demands when he truly wished to pay if he had the money. There are numerous circumstances that cause delay in meeting rent obligations. Sometimes in a few months into the tenancy year it is possible to recover this upset and quickly redeem. At this time for others, the situation just spirals into more debt and a bigger mess until they are either thrown out or when involved with landlords with a good temperament end up owing two, three, four years rent arrears.Continue Reading

African Countries Offering The Best Real Estate Investment Opportunities

African Countries Offering The Best Real Estate Investment Opportunities

Real estate business is a very lucrative one and people who know about the huge returns that is made in the business do not relent in making investments in it. The reason why the real estate business is very attractive in Africa is not far fetched. It is because there is an increase in urban settlement and people move to these areas in search of greener pastures and a fundamental that needs to be met is housing or accommodation and this is where real estate comes in. Continue Reading

The House Has Been Sold While You Live In It

Selling houses whether out of necessity or for profit became very common only after 1986 when the Structural Adjustment Policy (SAP) of Babangida was introduced. Before then it was not as common and so it is still just being fully integrated as a market. Therefore, the way of handling tenants living in a house whose ownership has changed from A to B is not uniform.Continue Reading

How Tenants Can Avoid Being Thrown Out Of Their Rented Apartments

One of the most constant threats facing tenants is the possibility of being ejected from their rented apartment and thrown into the streets without a fair chance. In the face of so many issues with the landlord or his agents ranging from inability to pay rent promptly or refusal to pay an increase or even broken rules of engagement as a tenant, you may be asked to leave summarily.Continue Reading

Estate Agent Acting for the Seller or Buyer in Property Market

Advising Sellers on the Property Price or Rent for Marketing Purposes

You should provide realistic and justifiable advice in regard to the likely selling price or rent based on your best professional judgment. Any figure you provide must be given in good faith and must reflect current market conditions, when advising on rent you should take into account the likely lease terms that would be acceptable to the market.Continue Reading

Land Use Classifications And Representation

This article focuses on the classification of urban and rural land use. A separate classification systems of rural and urban land uses is necessary particularly in connection with regional planning.Continue Reading

Receiving & Ending Instruction Before Taking Another Real Estate Client’s Instruction

Prior to accepting an instruction, you must clarify for whom you will be working and how you will be paid, thereby spelling out unequivocally whose interests you will be representing.Continue Reading