A COMPARATIVE ANALYSIS OF RENTAL VARIATION IN RESIDENTIAL AND COMMERCIAL PROPERTIES IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
BACKGROUND OF THE STUDY
Shelter is a basic necessity in life. An individual can satisfy this need by either occupying his own (owner’s occupier) property or renting another person’s property. In our traditional society, the need for shelter is mainly met through the first alternative that is owner occupation. With the emergency of urban centers’, the situation has changed. Many people are no longer about to own property because of the difficulty in the acquisition of land and the high cost of building construction. Therefore, they are left with the alternative of renting other people’s properties in order to satisfy their need for shelter. Consequently two classes of urban resident have emerged, the landlord and the tenant under this arrangement the tenant pays to the landlord a certain amount of money in consideration for his use of the landlord’s house. This amount is popularly known as rent. During the civil war the Nigeria that is 1966 to 1970 many landed properties in the urban areas of the former Eastern Region of Nigeria, including Enugu, were destroyed. Consequently, there was a sharp decline in the supply of landed properties after the war. Furthermore, the post – civil war period witnessed an unprecedented number of the rural population trooping into the urban centres due to the conspicuous prosperity brought about in the urban area by the oil boom. This 2 resulted to high demand for the existing limited supply of landed properties. Consequent upon these, rent for landed properties increased considerably. This trend has continued with the effect that “the average worker is paying 30% to 40% of his salary as rent” (Oshadiya, 1985). Thus the increase in rents on the properties has led to the variation of rent on properties. In urban area due to location advantage (for example prime location) which some properties offer above others for commercial and residential uses, rent tend to very on account of the type of use which a property can offer.
Related Project Materials
THE ROLES OF WOMEN IN POLITICS AS WELL AS THE PROSPECTS AND CONSTRAINTS OF THEIR PARTICIPATION IN POLITICS
Abstract
This study examined the role of women in politics and in the sustenance of democracy i...
THOMAS AQUINAS’ NATURAL LAW THEORY: A STANDARD FOR HUMAN POSITIVE LAW
ABSTRACT
The law presents itself as body of meaning open to discovery, interpretation, application, criticism, developme...
design and implementation of drug verification system using gsm
ABSTRACT
Establishing the authenticity of a product’s o...
A CRITICAL SURVEY ON INSTRUCTIONAL MATERIALS USED IN TEACHING AND LEARNING OF BUSINESS STUDIES
Background of the Study
Man had been looking for ways to improve the efficacy of his communication for...
PHARMACOLOGICAL AND TOXICOLOGICAL STUDIES OF THE METHANOL EXTRACT OF ACACIA ATAXACANTHA LEAF D.C. (LEGUMINOSAE) IN MICE AND RATS
ABSTRACT
Acacia ataxacantha is used in traditional medicine for management of pain and inflammation. Literature survey revealed that the...
THE EFFECT OF UNEMPLOYMENT ON YOUTHS IN NIGERIA SOCIETY
ABSTRACT
The objective of this study was to assess the effect of unemployment on youth in Ni...
THE IMPACT OF FINANCIAL LEVERAGE ON EMPLOYEE MOTIVATION
Abstract: THE IMPACT OF FINANCIAL LEVERAGE ON EMPLOYEE MOTIVATION
Objective: This stud...
GASTROENTERITIS IN PRIMARY SCHOOL CHILDREN IN ENUGU METROPOLIS (6 - 12 YRS)
ABSTRACT
A total of fifty faecal samples were collected form pupils in airport primary school Emene Enugu were used for the study. The du...
THE EFFECT OF CORPORATE GOVERNANCE ON THE NIGERIAN BANKING SECTOR
ABSTRACT
The study was conducted to examine the effect of corporate governance in the Nigerian Banking sector. The spe...
IMPACT OF COMMUNITY CONTRIBUTIONS ON THE DELIVERY OF ISLAMIC STUDIES CURRICULUM IN SENIOR SECONDARY SCHOOLS IN KANO STATE, NIGERIA
ABSTRACT
This study assessed the Impact of Community Contributions on the Delivery of Islamic Studies Curriculum in Senior Secondary Scho...
