MANAGEMENT OF COMMERCIAL PROPERTIES IN NIGERIA (A CASE STUDY OF OWERRI NORTH IMO STATE)

MANAGEMENT OF COMMERCIAL PROPERTIES IN NIGERIA

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 obstacle to management in the way it is understand the Quack Again. Being that they are not trained in the profession are not capable in carried out the management of commercial properties more than licensed surveyor who has under gone so many training in the filed of Estate Management unlike Licensed Agent who are doubts trying to maximize profit.

TABLE OF CONTENTS

CHAPTER ONE

1.0              General Introduction

1.1       State of Problem

1.2              Aims and Objective

1.3              Research Questions

1.4              Significance of the Study

1.5              Delimitation of Study

1.6              Limitation of Study

1.7              Definition of Term

1.8              Overview of the Study

CHAPTER TWO

2.0              Literature Review

2.1       Introduction Management

2.2       Importance of Management

2.3              Management Problems

CHAPTER THREE

3.0              Research Methodology

3.1              Restatement of the Problem

3.2              Description of the Study Area

3.3              Data Sources

3.3.1        Primary Sources of Data

3.3.2         Secondary Sources of Data

3.4              Population of Study

3.5              Sampling and Sampling Procedure

CHAPTER FOUR

4.0       Presentation and Analysis of Data

CHAPTER FIVE

5.0              Conclusion and Recommendation

5.1       Introduction

5.2              Recommendation

5.3              Conclusion

Bibliography

Appendices

CHAPTER ONE

INTRODUCTION

The dramatic reduction in number of commercial properties in Nigeria is a reflection of the level of decline which the nation has one through. The demise of same commercial properties in Nigeria did not discourage further investment in the development of commercial properties in Nigerian. Obviously the “big” names served the need of the whole of Awka metropolis when few investors considered the development of commercial properties (shopping complexes) as a worthwhile problem and the idea of a Central Business District was accorded a high respect.

Recently the management is not an easy idea to conceive for real estate especially with such development  are in use by  the  owners. The lack of trained professional in handle the management of commercial properties constitutes the first major obstacle to management of commercial properties with in general.

Basically maintenance is a vital aspects of property management this aspect guarantees the physical life span of a property in order that a property may last for ages ad does not  become economically obsolete, it must be maintained.

1.1       STATEMENT OF THE PROBLEMS

Lack of proper maintenance has gone way to effect the image of some commercial properties many commercial properties failed due to ineffective handing of the properties which manifests in the physical deterioration.

When non-professional are entrusted with the task of property management, failure is easily result. In many instance policy or decision makers, have neglected the role of professional property manager. In the management of commercial properties. What is the correct solution? Who can provide the answer?

MANAGEMENT OF COMMERCIAL PROPERTIES IN NIGERIA