Estate Management &Valuation

Permanent URI for this collectionhttp://197.211.34.35:4000/handle/123456789/68

Estate Management &Valuation

Browse

Author: search.filters.author.Rukaiyat Adeola OgunbajoHas files: Yes

Search Results

Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    Examination of Rental Default by Commercial Property Occupiers in Minna, Niger State, Nigeria
    (2022) Zainab Adetoro Folorunso; Rukaiyat Adeola Ogunbajo
    The effect of rental defaults by commercial property occupiers cannot be overemphasised, as the rate of default is increasing at an alarming rate. Rental default arises when occupiers of commercial properties fail to carry out their obligation of fulfilling the financial requirements as when due. This phenomenon has led to several issues on the part of the property managers and property owners, including delays in mortgage payments, poor maintenance, and a host of other problems. This study investigates the prevalence of rent defaults among owners of commercial property in Minna, Niger state, to stop this unsightly occurrence of rental default and related attendance concerns in commercial buildings. This is done to give property owners in the study region more authority over their decisions. The study used a survey methodology in which 311 residents of 38 purpose-built retail complexes (PBSC) received questionnaires via simple random distribution. The received data was examined using percentage and frequency distribution. The results depicts that 52% of the respondent pay their rents as at when do and 48% defaults in the in payment, this shows that the rent default amongst tenants of PBSC in study area is fair.
  • No Thumbnail Available
    Item
    Assessment of void periods in residential buildinds in Minna, Nigeria
    (UNIVERSITY OF THE WITWATERSRAND, JOHANNESBURG, 2024) Rukaiyat Adeola Ogunbajo; Shien Stephen Kuma
    The period of void is a major challenge faced by investors in residential buildings in Minna. Re-letting vacant apartments takes a while, and in many cases, newly completed residential buildings experience voids. Therefore at what level of void periods, residential building types are most vulnerable, as well as locational differences are the critical questions that informed this study. Thus, the study aimed to provide an in-depth assessment of void periods in buildings among residential neighbourhoods in Minna, Nigeria. The objectives are to assess the level of void periods, analyse variations across residential building types, and explore neighbourhoodlevel differences in the study area. The study utilized a quantitative research design, employing a structured questionnaire that was distributed to ESVs, LEAs, and property owners who oversee the management of the 1,500 residential units that were selected for the sample in 13 different sted analysis of variance, and the Games-Howell post hoc test were used for data analysis. The findings revealed aggregate mean void periods of 4.87, 5.47, 5.13, and 7.03 months for tenement, 1-bedroom, 2-bedroom, and 3-bedroom residential building types. This outcome varies significantly among the building types across the 13 neighbourhoods in terms of those with high and low void periods. The study concludes that there are relatively high void periods in the Minna residential property market and the need for collaborative efforts towards stemming the tide.