An Examination of the Tenancy Agreement as a Shield in Property Management in Nigeria

Dabara, Daniel Ibrahim; Ojo, Olatoye; Augustina, Okorie

doi:10.2139/ssrn.2784485

Cited by 6 publications

(11 citation statements)

References 7 publications

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“…Dabara [25] defined agreement as nothing more than a manifestation of mutual assent by two or more parties legally competent to contract with one another. Creation of tenancies and the terms relating to the continuance of the relationship between a landlord and his tenant, the common law, equitable principles and general statutory provisions relating to the law of contract and land law apply and for itch free relationship between tenants and property managers, this agreement must be followed to the letters.…”

Section: Relative Importance Index Of Tenant Selection Criteria Used By Estate Surveyors and Valuers In Akure Ondo Statementioning

confidence: 99%

Marital Status Equity in Tenant Selection Criteria in the Akure Rental Market

Agboola

Olukolajo

2021

ARJASS

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The paper examines the selection criteria for prospective single and married tenants by Estate Surveyors and Valuers in the study area, to determine fairness in practice. The survey research adopted a structured questionnaire to elicit data from a sample of Estate Surveying and Valuation firms in Akure, Ondo State, Nigeria as Estate Surveyors and Valuers serve as both agents and property managers in the study area. Data collected were analyzed using the relative importance index (RII) and Mann Whitney U test. Findings revealed that irrespective of the marital status, the nature of employment of the prospective tenants is an essential criterion used at tenant selection. Also, there exists between singles and married tenants a statistically significant difference in the selection criteria used by Estate Surveyors and Valuers concerning 'employment' and 'ability of prospective tenants to pay subsequent rent' ; while, there was no significant difference in the tenant selection criteria in the areas of religion, gender, ethnicity, age, nature of employment, ability to pay the required rent, advance rent payment, ability to pay caution deposit, ability to pay service charge, provision of suitable Guarantors/Referee, physical appearance, suitability to the property, family size, ability and willingness to stick to the terms of the lease, criminality history/track record, first-time renters and history of previous tenancy. The study recommended that Estate Surveyors and Valuers should desist from discriminatory selection criteria differences as housing is a fundamental requirement for all, marital status notwithstanding. Also, government should formulate and enforce anti-discrimination policies at tenant selection which will protect the right of individuals to rental housing, irrespective of their marital status. This will create a balance in the rental market and take away the mild differences in the selection criteria used for prospective tenants as if this is not worked upon, the mild difference will someday become wide.

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Section: Relative Importance Index Of Tenant Selection Criteria Used By Estate Surveyors and Valuers In Akure Ondo Statementioning

confidence: 99%

Marital Status Equity in Tenant Selection Criteria in the Akure Rental Market

Agboola

Olukolajo

2021

ARJASS

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“…In line with previous studies such as Ankeli, Dabara, Oyediran, Guyimu & Oladimeji (2015), Dabara, Olatoye & Okorie (2012) and Dabara, Lawal, Adebowale, Ankeli & Gambo (2016) a multiple regression model was used to determine the interrelationships between the dependent variable (rental values of residential properties) and the predictors or independent variables (i.e. cement, sharp and plastering sand, granite, reinforcement bars and roofing sheets).…”

Section: _______________________________________________________ 218mentioning

confidence: 89%

Integrating the African Real Estate Market – An Agenda: the 18th AfRES Conference

Iwarere¹,

Williams²

2018

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Purpose -This paper examined stakeholders' perception on the competency attained by real estate graduates in Nigeria.Design/Method/Approach -The study adopted questionnaire survey conducted on 357 and 105 Estate Surveying and Valuation Firms in Lagos and Abuja respectively, representing an approximate 57 percent of the total number of practice firms in Nigeria. The questionnaire solicited information on practitioners' views on competencies, in terms of, knowledge, skills and attributes attained by real estate graduates in the industry. The respondents were asked to rank on a 7-point Likert scale, 24 knowledge areas, 10 skills and 10 attributes identified and conceptualized from literature. Their responses were analysed using frequency distribution and mean rating.Findings -The study revealed that practitioners were positive on their agreement to the graduates' attainment on only three (3) of the twenty four (24) identified knowledge areas, namely real estate agency, property management and property valuation. While ICT, communication, Personal/Professional development and Honesty were the skills and attributes attained respectively. This clearly suggests the need for stakeholders (academics, regulators and practitioners) to take urgent steps to bridge the obvious gap between the knowledge requirements of practitioners and the knowledge attained by graduates in the study area.Practical Implications -The findings of this paper can be used as framework for curriculum development and redesign as well as serve as a guide for real estate continuing professional development plan.Originality -This paper is one of the few that have identified stakeholders' perception on competencies attained by real estate graduates in Nigeria.

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“…This development has led to influx of people into the area resulting to high demand for residential properties both for owner-occupation and rental holdings. Rental holding as observed by Dabara, Olatoye and Okorie (2012b) is an essential component of a healthy housing system of a nation and predominates in most Nigeria's urban areas including Ede. This may not be unconnected to the fact that renting offers people a more affordable way of gaining access to accommodations (Amenyah and Fletcher, 2013).…”

Section: Introductionmentioning

confidence: 99%

Tenant’s Demand for Structural Attributes in Residential Properties: The Case of Ede, Nigeria

et al. 2019

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Structural attributes such as number and size of living rooms, bedrooms, toilet/ bathrooms and type of floor finishes have been identified as some of the factors that influence household's decisions when buying or renting a residential property. This study analysed the structural attributes of five categories of residential property in Ede, Nigeria with a view to providing information that will encourage investors to consider structural improvement that will enhance rental values. It examined among others tenant's desire for a particular attribute (and /or attribute's size); and tenant's willingness to pay more for the desired attribute(s). In order to determine responsiveness of willingness to pay, the study hypothesized that 90% of the respondent in each property types would express willingness to pay more for the desired attributes. Data for the study was collected through questionnaire administered to residential tenants in the study area. A total of 400 questionnaires were distributed out of which 278 were returned representing 69.5% response rate. Data collected were analysed using descriptive and inferential statistical tools such as percentile, bar charts, weighted mean score and Chi square. The result showed that larger bedroom was ranked very highly in terms of overall desire and would pay more for by all respondents. Beyond that, there were certain structural attributes that respondents across the property categories expressed willingness to pay more for. The chi-square result however revealed there is significant difference between "would pay more for" response and the expected proportion (p value < .05) for the entire selected structural attribute in all categories of residential property. The study concluded that there is evidence to suggest that 90% of tenants in Ede did not express willingness to pay more for the desired structural attribute. The study recommended that investors in the residential property submarket should take cognizance of these when making decision on house design so as to have a product that appeals to tenant's expectations while ensuring maximization of return from investment.

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An Examination of the Tenancy Agreement as a Shield in Property Management in Nigeria

Cited by 6 publications

References 7 publications

Marital Status Equity in Tenant Selection Criteria in the Akure Rental Market

Marital Status Equity in Tenant Selection Criteria in the Akure Rental Market

Integrating the African Real Estate Market – An Agenda: the 18th AfRES Conference

Tenant’s Demand for Structural Attributes in Residential Properties: The Case of Ede, Nigeria

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