Real Estate Articles

Defects liability period is a common feature of construction contracts. The defects liability period is the period of time within which the contractor is contractually obliged to return to the construction site to repair defects which have appeared in the contractor’s works. In addition, a certificate of practical completion is usually issued by the architect upon completion of the building ...

I once thought that the man made catastrophe that has consumed every sphere of our lives in Nigeria is worse than having a natural disaster. When people say that we are lucky to be in an area not prone to earthquakes I wonder if they realize that an earthquake will be far better than the curse our government placed on ...

A building code is a set of rules that specify the minimum standards for constructed objects such as buildings and non-building structures. The main purpose of building codes are to protect public health, safety and general welfare as they relate to the construction and occupancy of buildings and structures. The building code becomes law of a particular jurisdiction when formally ...

There are two fundamentally different forms of legal ownership: freehold and leasehold. Although estate agents tend to gloss over it, the difference can be between a home that is worth buying and one that isn’t. Many people who don’t sort this out when they buy a home end up regretting it – getting it wrong can be hugely expensive. For ...

Landlord and tenant relationship is an association between two individuals arising from an agreement by which one individual occupies the other’s real property with permission, subject to a rental fee. The term landlord refers to a person who owns property and allows another person to use it for a fee. The person using the property is calleda tenant. The agreement between ...

Surveying or land surveying is the technique, profession, and science of determining the terrestrial or three-dimensional position of points and the distances and angles between them. These points are usually on the surface of the Earth, and they are often used to establish land maps and boundaries for ownership, locations like building corners or the surface location of subsurface features, ...

Real estate has no value if it has no utility, if it is not scarce and if it is not effectively demanded. Real estate has significance only as it satisfies man’s needs and desires. It is this man’s collective desire for property that gives rise to value. Thus, the ability of a property to satisfy man’s needs and desires together ...

The state of infrastructure is an essential framework in assessing and indicating the status of any urban system. The efficiency of any form of human avocation, including metropolitan area, largely depends on the provision of efficient infrastructure and services. It can therefore be concluded that the significance of infrastructure in the proper functioning of an area cannot be over-emphasised. The ...

Limestone deposits exist throughout the world. In Nigeria, Ewekoro community is the ancestral home of this component of cement. These alkaline, sedimentary rocks were laid down mostly as deposits on the beds of ancient seas. A valuable natural resource, limestone has many uses in construction, agriculture and industry. Limestone quarries can be above ground or underground, and can cover large ...

Land Ownership in Nigeria is regulated by the Lands Use Act Cap 202 Volume 11 Laws of the Federation, 1990. The law vests ownership of all land within a state (except those vested in the Federal Government or its agent) in the Governor of the state who holds land in trust for the people and allocate same as far as ...