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Tag Archives: Real Property

Understanding The Commercial Property Market In Nigeria

commercial property market

According to Wiki, the term commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital or rental income. Rental value is a key parameter for measuring real property performance. It is also a major cost for tenants and an important source of income for the landlord. ...

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The Act of Abandonment in Real Estate

Abandonment in real estate

Abandonment in real estate can be referred to as the act of surrendering a claim to, or interest in, a particular asset. In some other circles, it is believed to be the permitted withdrawal from a forward contract that is made for the purchase of deliverable securities, and also the act of allowing an option to expire unexercised. Legal Dictionary ...

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Difference Between Personal Property And Real Property

Lagos Chamber Tasks NASS On Real Estate Bills

Personal property is movable property. It’s anything that can be subject to ownership, except land. Real property is immovable property – it’s land and anything attached to the land. This article reveals the difference between personal property and real property. There are two types of property. In legal terms, all property will be classified as either personal property or real ...

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Land grabbers now risk 15 years imprisonment in Oyo

Land grabbing

According to Daily Post, Forcible seizure of any landed property in Oyo State or an attempt to do so, otherwise known as land grabbing, has become a criminal offence that attracts a maximum of 15 years imprisonment or an option of a fine of N500,000 or both. This is one of the provisions of the new Real Properties Protection Law ...

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Rental growth of commercial property in Nigeria.

commercial property

According to Wiki, the term commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital or rental income. Rental value is a key parameter for measuring real property performance. It is also a major cost for tenants and an important source of income for the landlord. ...

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What you must know about PROPERTY TAX

Property tax can be defined as a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. This is in contrast to a rent ...

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