An Examination of Problems Associated Wi
An Examination of Problems Associated Wi
An Examination of Problems Associated Wi
PRESENTED BY
OLADIPO ABDULGAFAR OLAWUMI
HND/11/EM/FT/002
A RESEARCH PROJECT SUBMITTED TO THE
DEPARTMENT OF ESTATE MANAGEMETN, INSTITUTE OF
ENVIRONMETAL STUDIES, (IES) KWARA STATE
POLYTECHNIC, ILORIN.
JULY, 2013.
i
CERTIFCATION
___________________ _______________
Project Supervisor
_________________ _______________
Project Coordinator
_________________ _______________
Head of Department
___________________ _______________
ii
DEDICATION
ALIMAT OLADIPO. May Almighty Allah let her eat the fruit of
her labour.
iii
ACKNOWLEDGEMENT
“It’s not easy for the head that wear, the golden crown
so goes the saying I most first and foremost thank the most
mother indeed, I pray she will eat the fruit of her labour.
iv
This dissertation will not be complete id I fail to
forever be grateful.
not have done it well without you being there for me. May
v
TABLE OF CONTENT
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Table of content v
Synopsis vi
CHAPTER ONE
1.0 Introduction
vi
CHAPTER TWO
CHAPTER THREE
CHAPTER FOUR
vii
4.2 Management procedure employed in the management of
the study area.
4.3 Analysis of response in the facilities and services
4.4 Condition of the building and services
CHAPTER FIVE
SYNOPSIS
viii
Developers and property ensure now realizes the close
ix
CHAPTER ONE
1.0 INTRODUCTION
this regard.
1
For new lettings, the market forces if supply and
procedure.
2
the full responsibility I entrusting their properties into the
economy.
3
estate with or view to identify the management problems and
prefer solution.
aim:
management.
4
encourage further research on ht4e topic. It also serves as a
development.
1. Financial constraint
5
2. Unwilling attitude of the tenants to reveal vital information
Bamidele”.
6
town was later joined by Olufade a low rarer, who migrated to
old Oyo (Oyo Ile) these were followed by Alfa Alimi (Shehu
7
Shelter setter limited etc. Ilorin is an essential cattle route of
town.
the truck and trunk a road linking the Southern states pass
prophet Muhammad).
8
Institutions: Ilorin town has many primary and post primary
CONSTRUCTION DETAILS
sound screed.
Door: The door sued is of flush doors, metal glaze door and
9
Roof: The roof is made of aluminum roofing sheet nail to
Age: The age of building is thirty two (32) years old i.e. from
10
Types of foundation: Strip foundation is adopted for the
rent.
individual.
11
Real property: This can be defined as the right ogf use of
ownership.
12
Management: Can be defined as the act or skill of directing
13
CHAPTER TWO
2.0 LITERATURE
REVIEW/CONCEPTUAL/THEORETICAL
FRAMEWORK
14
According to Oxford Dictionary, Managements are
moral and country with the rise of the United State, France
management.
15
2.2 MANAGEMENT FUNCTIONS
people.
motivation, innovation.
16
function of the director (leadership) the role of the manager
individuals.
individuals objectives.
17
5. Control: This involves the continuous monitoring of the
conscious analysis.
result.
structure.
18
10. Innovation: This is a process of replacing one way of
subject organization.
of capital works, full and proper use of restoring them for the
good of the state and all those who may derive profit pleasure
19
encouraging them so that sense of partners hip and joint
20
Lawal, (1997) identifies the five (5) major objectives of
21
2. To ensure the safety of residents
22
under surveillance in order to adopt and improve wherever
necessary, but are note readily apparent and only merge from
experience and provide the basis for tacking new and untried
problems.
management include:
maintenance cost.
23
ii. Variation and combination of receiving income and
of property.
Olayonwa, (2000).
24
Property owners known as client may create problems
failure.
25
more so where there is no effective dept recovery or action
agents.
marketing business n the last few years while the fake agents
26
propaganda of he Nigeria Institute of Estate Surveyor and
valuer.
Physical identity
Economic condition
Legal status
Managerial aspect
27
a property govern the course of management, important
iii. Legal status: Coming (1994) in his book said the types
28
degree of the effective and efficient managements
facility.
29
i. Preventive maintenance: This is the maintenance
failure.
required function.
ESTATE
water closet.
30
iv. To attract higher rental income.
following
i. Functional role
tenants.
31
c. Acceptability to the enforcing aspect such as town
planning authority
public.
neighborhood properties.
manager as followings.
32
rentals value of property. A typical example can be seen
33
tedious for the landlord to do on his own, and hence he
cash.
34
inspection he will be able to determine the extent of
35
an interest in land and property underlines all the other
time.
a. Letting a property
d. For probate
36
could represent his only means of livelihood a return for
as follow:
authority or not.
37
is otherwise known as housing. It could be rural, sub-urban
or urban housing.
building.
attached to it.
38
iv. Flats: A low/middle income self-contained
units.
other units.
other units.
39
ix. Multi-dwelling residential building: These are
constituted 93.5%
CHAPTER THREE
40
In this regards, the research took are sampling
include:
questionnaire.
internet.
i. Questionnaire
41
ii. Visual or physical observation
PROCEDURE
42
i. Interview: This is used a supplement to the
43
which include the name, address, problems
44
The information gathered for this dissertation were
chapter four.
45
CHAPTER FOUR
Estate).
46
No of questionnaire administered 22 100%
No of questionnaire to the surveyor 1 6.23%
No of questionnaire returned 21 93.7%
i. Electricity supply
some faults
v. Disposal of refuse/sewage.
47
The case study is being managed by Odudu and Co at
48
provide by the landlord was also out of use due to
lease obligation.
49
4.2.4 LEASE AGREEMENT
rent.
50
faults were muted. The landlord would not agree to repair the
Ilorin.
PROBLEMS
funds, the contactor call for varia Aon in the contract sum
was rejected. The job was delayed for about (2) weeks until
the landlord was able to sort things out with the contractor.
51
Unfortunately however, the leakages form je roof re-
occurred not long after the contractor was paid in full. The
tenants insisted that the work was not properly done while
could not meet with him, one of the tenants who are into
52
4.2.5 ADMINISTRATION OF SERVICE CHARGE
charted below.
Management Surveyor
53
Site Supervisor
the deposit of N5, 000 (five thousand naira) was paid by each
54
of 1st April to 31st march was maintained. New budget was
prepared for the year (2002 to 2005) with each tenants leveled
paying 25, 000 as service charge see table below for details.
2000- 2001- 2002- 2003- 2004- 2005- 2006- 2007- 2008- 2009- 2010- 2011- 20112-
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
3000 5000 6, 500 8000 10, 000 12, 500 15 16, 18, 20, 21, 000 23, 000 25, 500
55
entire estate was done quarterly, while servicing of water
4.2.6.4 PROBLEMS
56
the neighborhood, major repairs were carried out almost
that the generator was due for replacement and the landlord
4.2.7 INSURANCE
57
advised to purchase chemical powder extinguishes for use in
Two (2) other files are opened for records of all repairs
charge administration.
file.
58
Records are also kept in ledger books on real, service
department.
SERVICES
its adequate.
59
From the above table 18 of the respondent which
4.3.2 ELECTRICITY
provision of generating set fort the use of the occupant. However, the
generator is not in a good working condition since year 2010. This is normally due to the
poor maintenance.
60
respondent which constitute 60% of the electricity supply
4.3.4 SECURITY
61
This sis a protection from risks or bad situation, it has
Table 4: Security
62
the estimate and this is very risky interms of life and
property.
sewer.
From the above table, the entire unit in the estate was
63
liquid waste, there is provision of septic thanks for the
occupant.
4.3.6 RENT
surveyor in charge collect the rent from the tenant since this
is the major reason why the surveyor has been there. In the
study area, rents are paid in advance of (1) one year. The
occupants of the estate pay N150, 000 per annum per unit of
2000- 2002- 2003- 2004- 2005- 2006- 2007- 2008- 2009- 2010- 201- 2012
2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
48, 60, 66, 72, 78, 87, 96, 104, 112, 130, 140, 150,
000 000 000 000 000 000 000 000 000 000 000 000
Source: Field Survey, May 2013.
64
The service charge is determine by the manager after a
estate, the amount charged for the service charge is N20, 000
for annum.
pay regularly.
4.3.8 INSURANCE
65
This is to prevent the estate and people from any fire
extinguishers.
estate till year 2010 but due to some fault, it has been
abandoned.
66
iii. Cracking of walls: Some of the estate will have been
cracked.
collapsed.
vi. Road: The estate road is tarred, but it has been eroded
67
CHAPTER FIVE
CONCLUSION
68
It was discovered that there is no adequate management
5.2 RECOMMENDATIONS
69
experience on generator provided at Alhaji Oseni
70
v. Facility in the building such as generator, it is a
5.3 CONCLUSION
management firm.
71
improve and develop a management policy to effectively
estate.
72
REFERENCES
Limited
Book
Pelvin Limitation
73
Odudu W. O (1987): Problems of property management and
Macmillan Press
Gazette Limited
gazette Limited.
gazette Limited.
INTERNET
74
APPENDIX I
------------------------- BETWEEN
other part.
second part.
75
to as “the demised premises”) for a term of
76
excepted and to reprint the interior of the demised
similar item
there of.
77
thereof without the previous written consent of the
premises.
78
THE LANDLORD HEREBY COVENANTS WITH THE
TENANT AS FOLLOWS:
decorative repair.
79
thereafter in the name of the whole and henceforth a hold
and enjoy the same as if this lease had been granted but
of covenants.
thereof act any time during the term hereby granted being
80
the other party three months notice in writing before the
cause anniversary.
effusion of time.
LANDLORD:
IN THE PRESENCE OF
NAME: __________________________________
ADDRESS: ______________________________
OCCUPATION: __________________________
81
Signature: _____________________________
Name: ____________________________________________
Address: ___________________________________________
Occupation: _______________________________________
Signature: _________________________________________
82
APPENDIX II
ILORIN
Dear Respondents,
sincerity.
Yours faithfully,
OLADIPO ABDULGAFAR. O.
83
QUESTIONNAIRE FOR THE ESTATE SURVEYOR
1. Name: ___________________________________________
2. Address: _________________________________________
______________________________________________
___________________________________________________
____________________________________________________
i. _______________________________________________
ii. _______________________________________________
iii. _______________________________________________
_____________________________________________________
84
8. Apart from rent collection, what other management
______________________________________________________
property? __________________________________________
____________________________________________________
______________________________________________________
______________________________________________________
___________________________________________________
___________________________________________________
_________________________________________________
85
(a) Monthly ( ) (b) annually ( ) (c) in advance ( ) (d)
in areas ( )
___________________________________________________
86
APPENDIX III
Dear Respondents,
sincerity.
Yours faithfully,
OLADIPO ABDULGAFAR. O.
87
RESEARCH QUESTIONNIARE
___________________________________________________
3. Location: _________________________________________
___________________________________________________
______________________________________________________
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10. What rent do you pay? ____________________________
12. If yes, why types of access road lead to the estate? (i)
15. What are the likely problems you are facing as a tenant?
__________________________________________________________
_________________________________________________
89
18. Who is the manager managing the estate?
__________________________________________________________
__________________________________________________
_________________________________________________________________
_____________________________________
90