The perennial gridlock in the port city of Apapa, Lagos, is exerting enormous toll on the value of landed property in the area, according to reports. A study conducted last week reveals that the value of property in Apapa GRA has dropped by as much as 25% over the past three years while tenement rates for residential accommodation have dropped ...
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Tag Archives: Tenement rates
LUC: The new Law amendment and highlights of Changes from the Previous Legal Regime
LAND USE CHARGE AMENDMENT LAW (LUC) Written by Olayinka Alao Introduction The Lagos State Land Use Charge is a consolidation of all property and land based rates and charges erstwhile payable under land rates, neighborhood improvement charge and tenement rates laws of Lagos State. The Land Use Charge (LUC) as the name implies is a novel imposition on the owner ...
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