Full Project – EVALUATION OF THE PROBLEMS OF RENT COLLECTION AS AN ASPECT OF PROPERTY MANAGEMENT IN ENUGU STATE (A CASE STUDY OF RESIDENTIAL PROPERTIES IN ENUGU METROPOLIS)

Full Project – EVALUATION OF THE PROBLEMS OF RENT COLLECTION AS AN ASPECT OF PROPERTY MANAGEMENT IN ENUGU STATE (A CASE STUDY OF RESIDENTIAL PROPERTIES IN ENUGU METROPOLIS)

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ABSTRACT

Rent is a periodic payment made to an owner of a property for the use of such property. This payment is on the increase n modern times due to several factors which includes increase in the price of goods, inflation and greed on the part of landlords. Similarly, the collection of rent is limited by a lot of problems which often results to rifts between landlords and tenants. However, these problems of rent collection can be solved successfully, thereby promoting a cordial landlord –tenant relationship. This study therefore seeks to achieve this by identifying the problems of rent collection in residential properties in Enugu, and make recommendations on how to solve these problems. The government have put up measures to help ensure that the process of rent collection is less cumbersome. These measures have come in form of rent control edicts and recovery of premises edicts, as well as the setting up of rent tribunals. These laws have been adopted by various states of the federation, and modified to address the problems of rent collection peculiar to their state. States such as Cross-River, Kwara, Anambra and Lagos State have done this. These laws will be reviewed in this study, in order to arrive at a better understanding of how these laws can be used to address the problems of rent collection in residential properties in Enugu metropolis.  Three neighbourhoods have been selected for this study. They include: new Haven, Abakpa and Trans-Ekulu all in Enugu Metropolis. The sources of data used this research work was primary and secondary sources of data.  The primary source contains information on how data was collect, how it can be used as well as the limitation of using it. The secondary data include documents for research purposes.  The methods of data collection used are personal data of the respondents, methods of residential rent collection and problems of residential property rent collection.  The data collected were presented and analyzed using the data collection instrument, which is directed towards presenting the data in a clear and concise manner using tables.  In the course of the study it was discover in the findings that landlords prefer collecting rents through banks mainly and secondary estate agents, it also discovered that the problems of rent collection are delay in payment, sudden /regular increment, pro-long litigation between landlord and tenant and also absence of a signal document.

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Full Project – EVALUATION OF THE PROBLEMS OF RENT COLLECTION AS AN ASPECT OF PROPERTY MANAGEMENT IN ENUGU STATE (A CASE STUDY OF RESIDENTIAL PROPERTIES IN ENUGU METROPOLIS)