A COMPARATIVE ANALYSIS OF RENTAL VARIATION IN RESIDENTIAL AND COMMERCIAL PROPERTIES IN NIGERIA (A CASE STUDY OF OGUI NEW LAYOUT ENUGU)

ABSTRACT

This research has investigated in to a comparative analysis of rental variation in residential and commercial properties in Ogui New Layout, Enugu Nigeria.

The researcher used both questionnaires, interview and self observation as method of data collection. The data was collected among some landlords, Estate agents of the selected properties.

The data collected was analyzed based on interpretation and conclusion made.

Chapter one treats the introduction of the project work, chapter two Literature Review, chapter three. Research methodology, chapter four data presentation, analysis and interpretation and chapter five finding, recommendation and conclusion.

Finally, rental variation in commercial and residential properties have been discovered to be influenced by certain factors affecting the rents passing on these properties.

Table of contents

CHAPTER ONE

1.0              Introduction

1.1       Background of the Study

1.2              Statement of Problem

1.3              Purpose of the Study

1.4              Significance of Study

1.5              Scope of the Study

1.6              Limitation of the Study

CHAPTER TWO

2.0              Literature Review

2.1       Property

21.1           What is Property?

21.2           Meaning of Property for Appraisal

21.3           Nature of Property

21.4           Classification Property for Valuation Purpose

21.5           Economic of Rent

21.6           Theory of Rent

21.7          Concepts of Rent

21.8          Determinate of Rent

2.2              Commercial Properties and Rents

2.3              Residential Properties

2.4              Definition of Relevant Terms

CHAPTER THREE

3.0              Research Methodology

3.1       Sources of Data

3.2              Primary Data

3.3              Secondary Data

3.4              Study Population and Sample

CHAPTER FOUR

4.0              Data Presentation, Analysis and Introduction

4.1       Presentation of Basic Data

4.2              Presentation and Analysis of Data

4.3              The Average Rent in N/M² on Commercial and Residential Properties

CHAPTER FIVE

5.0              Findings, Recommendation and Conclusions

5.1       Finding

5.2              Recommendation

5.3              Conclusion

Bibliography

Appendix

List of Figures/Tables

CHAPTER ONE

1.0              INTRODUCTION

1.1       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 persons 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 centres, 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.