House renting in Nigeria has become so popular that it is one of the ways of investing your hard earned money ,it comes mostly with high return on investment. There are categories of houses ,that is although popular with people but yet confuses many . In this post we shall distinguish the following categories of houses, these categories of houses has the highest number of demand any where in...
Is the usage of power of attorney in land transaction still relevant in 2021? Land ownership in Nigeria,ranges from family land ownership to community ownership or a clan ownership or private ownership,in these scenarios, how do one transact with the family/community or clan? The fear of running into a land scam,is the beginning of caution and due diligence. in this case,it becomes necessary in...
Lekki is the destination for investment in lagos, in terms of real estate investment, it is the investors delight. lekki constitutes of lekki phase 1,lekki phase 2,while lekki phase 1 is not an estate. Advantages of investing in properties in lekki. 1.Marketable location:An investment in lekki property is an investment in a highly marketable location,with high property demand. 2.An Appreciation...
The Lagos House of Assembly has approved the request of the Lagos State Governor, Babajide Sanwo-Olu, for the state to assume full ownership of Lekki Concession Company (LCC) Ltd, a privately-owned company. The approval of the house follows the receipt of the request from the Executive on June 21, which was subsequently committed to the committee on finance for deliberation and the presentation of the...
The cost of Cement, Steel, Tiles and Plaster of Paris (PoP) cement, among others have risen by over 60% between March 2020 and March 2021. For instance, the cost of steel, which was sold at N234,000 per tonne as of March 2020, had increased to N380,000 at the end of March 2021. This represents a 62% increase within the period under review. While Dangote Cement increased from N2,600 to N3,800 (though...
Lekki ,a city under eti-osa local government area,Lekki Phase 1,2 are an affluent neighborhoods in Lagos metropolis. It is a mix of residential and commercial developments,consisting of flats for rent,sale,lease and lands for sale,lease and joint venture. Many areas within it are still developing as more real estate development takes shape. This is home to many of Nigeria's politicians, business men and...
Time is of essence in virtually everything in life. The very essence of events in life, are governed by time, most commercial ,non-commercial transactions are activated or deactivated by time. In this piece, we are considering how landlord and tenancy relationship in Nigeria,is controlled by time. We shall be using Lagos state LAND TENANCY LAW 2011,as our statutory authority. DIFFERENT...
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