Friday , 14 March 2014
Headlines
- Ethel’s Place Oniru, now selling
- GTHomes rebrands to Imperial Homes
- Be Warned: AMCON to publish names and confiscate assets of Bad debts
- Jones Langs Laselle confirms change of name and logo
- Gucci, Dolce & Gabbana, Jimmy Choo penetrates Nigeria through Polo Avenue
- 30 Home Owners Emerge at first Lagos HOMS first draw
- TAMIM Apartments: 6 Units 3 Bedroom Apartments at Lekki Phase 1, now selling
Category Archives: Articles Feed Subscription
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Procedure for Recovery of Residential Premises in Lagos State
In my earlier articles, I have described Tenancies, Leases, and the relationship between the Tenants/Lessees and Landlords/Lessors. In the Tenancy contract, the Landlord hands over exclusive possession of the property to the Tenant for an agreed period of time, in return for rental payment; at the expiration of the Tenancy period, exclusive possession of the property reverts to the Landlord.... Read more »
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African/ Nigerian Real Estate Development: An Opinion
Real estate development in Nigeria/Africa is challenged by undue high interest rates often on interest-only lending basis with terms and conditions that are almost like borrowing from a ‘mafia’ organization – knee-jerk lenders. With that is the ‘tooth-pulling-with-a-toothpick‘ exercise one experiences acquiring clear and marketable title to land. Nigeria land rights is prone and fraught with land title frauds. In addition, absence of secondary... Read more »
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Tips for buying a home
Buying a house is one of the most important decisions that you make in your whole life. You should prepare a checklist when you are searching for a house. Irrespective of the amount of time that you have saved in getting yourself ready for buying a house, the questions related to home buying might be never-ending. Following are some tips... Read more »
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What is a Mortgage?
MORTGAGES Definition of the term mortgage A mortgage is a loan to finance the purchase of real estate, usually with specifiedd payment periods and interest rates In most countries, a mortgage is the primary way that prospective homeowners have of buying a house, flat or land on which to build a property. Mortgages are also commonly used to acquire commercial property,... Read more »
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LAND USE ACT, 1978
Arrangement of Sections Part I General 1. Vesting of land in the state. 2 Control and management of land advisory bodies. 3 Designation of urban areas. 4. Applicable law for the interim management of land. Read more »
