Category Archives: Real Estate Guides Feed Subscription

• Branding, the secret behind Real Estate project success…

  3Invest Media May 12, 2014

  

  Real estate branding is a great way to reach your target audience. Implementing the correct real estate branding strategy will contribute to the credibility of your real estate business. Through this, people will be able to get to know your business and services that you offer. With real estate branding strategy, your business becomes more established within the industry. Branding... Read more »

• BIM into the future of the Property Sector in Nigeria

  3Invest Media April 8, 2014

  

  Forgetting my bad pun, the Nigerian property and construction sector is yet to be aware of what BIM stands for and the potential benefits of its adoption into the sector will do to revolutionize it. The construction and property industry in Nigeria is characterised by a story of under-achievement, low profits, investing little in research, capital and development training. This... Read more »

• Real Estate: 3 Things to Note Before you Sign a JV Agreement and 3 Sucessful Real Estate JVs

  3Invest Media February 2, 2014

  

  Recently two multinationals announced they intend to launch a Real Estate joint venture. The companies, Prudent Financial Inc. of the United States and China’s Fosun Group said they were entering into a partnership aimed at expanding both companies and investing in development projects in urban centers in China. Closer to home is the recently announced Lafarge Wapco and LAPO microfinance... Read more »

• All you need to know about NMRC | FAQS

  3Invest Media January 18, 2014

  

  Frequently Asked Questions 1. What is NMRC? The Nigeria Mortgage Refinance Company(“NMRC”) is a Public Private Partnership arrangement between the Federal Government of Nigeria and private sector. It is being implemented as a component of the Nigeria Housing Finance Programme initiated by the Federal Ministry of Finance in collaboration with the Central Bank of Nigeria (“CBN”), Federal Ministry of Lands,... Read more »

• Lagos State Certificate of Occupancy Procedures and Requirements

  3Invest Media January 4, 2014

  

  C of O Procedures and Requirements WORK FLOW FOR STATE LAND CERTIFICATE OF OCCUPANCY Applicant purchases and submits application pack to LUAC and collects acknowledgement slip. Day Applicant collects letter of offer of allocation Applicant pays for allocated land (within 90 days). Applicant issued with letter of confirmation with plot and block number. (Full payments must be made before Plots & Blocks... Read more »

• Lagos State list of Land revenue and rates

  3Invest Media January 4, 2014

  

  List of Revenue and Rates TYPES OF REVENUE COLLECTED AT MINISTRY OF LANDS A. LAND REGISTRY S/N PRODUCT PRICE N 1. SEARCH 3,750.00 2. CERTIFIED TRUE COPY 5,625.00 3.   SURVEY PLAN FOR C.T.C OF DEED TITLE COMPOSITE PLAN 1,875.00 5,625.00 37,500.00 4 WITHDRAWAL OF CAUTION 13,125.00 5. COURT ORDER 15,000.00 6. COURT JUDGEMENT 15,000.00 7. DEED OF RECTIIFICATION 18,750.00 8. MEMORANDUM... Read more »

• RULES AND REGULATORY CODE OF CONDUCT THAT GUIDE AND PROTECT THE PRACTICE OF ESTATE AGENCY IN LAGOS STATE

  3Invest Media January 4, 2014

  

  RULES AND REGULATIONS OF REAL ESTATE TRANSACTIONS A Registered Agent transacting business in Lagos State shall have ascertained business premises or office within the State. A Registered Agent shall maintain a record of his or her business transactions and shall open a separate client account for that purpose. A Registered Agent shall ensure that a prospective tenant or purchaser takes... Read more »

• Guides to Successful Private Equity in Nigeria

  3Invest Media December 20, 2013

  

  Nigeria is the second largest economy in Sub-Saharan Africa (SSA), with its private equity (PE) sector accounting for about 10% of the region’s PE capital. The target sectors for most Private Equity Funds (PEFs/funds) include telecommunications, information and communications technology, mining, real estate and construction, oil and gas, financial services, media and entertainment, shipping, food and agro-allied products etc. Opportunities... Read more »

• Who suffers due to lack of legal investigations in property transactions?

  3Invest Media April 6, 2013

  

  PRELIMINARY INVESTIGATIONS AND ITS IMPORTANCE IN REAL ESTATE TRANSACTIONS Real estate transactions take place on a daily basis in Lagos. The demand for real estate in Lagos is quite high because the value of property in Lagos has been known to appreciate within the shortest time. Despite this demand, and the frequency of these transactions, it still remains a transaction... Read more »

• Procedure for Recovery of Residential Premises in Lagos State

  3Invest Media March 4, 2012

  

  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 »