A COMPARATIVE ANALYSIS OF RENTAL VARIATION IN RESIDENTIAL AND COMMERCIAL PROPERTIES IN NIGERIA

    This research has investigated in to a comparative analysis of rental variation in residential and commercial properties in Ogui New Layout, Enugu Nigeria.
The researcher used both questionnaires, interview and self observation as method of data collection. The data was collected among some landlords, Estate agents of the selected properties.
The data collected was analyzed based on interpretation and conclusion made.
Chapter one treats the introduction of the project work, chapter two Literature Review, chapter three. Research methodology, chapter four data presentation, analysis and interpretation and chapter five finding, recommendation and conclusion.
Finally, rental variation in commercial and residential properties have been discovered to be influenced by certain factors affecting the rents passing on these properties.

Title Page
Declaration
Certification
Dedication
Acknowledgement
Abstract
Table of Contents

CHAPTER ONE
1.0    Introduction
1.1    Background of the Study
1.2    Statement of Problem
1.3    Purpose of the Study
1.4    Significance of Study
1.5    Scope of the Study
1.6    Limitation of the Study
 
CHAPTER TWO
2.0    Literature Review
2.1    Property
21.1     What is Property?
21.2     Meaning of Property for Appraisal
21.3     Nature of Property
21.4     Classification Property for Valuation Purpose
21.5     Economic of Rent
21.6     Theory of Rent
21.7    Concepts of Rent
21.8    Determinate of Rent
2.2    Commercial Properties and Rents
2.3    Residential Properties
2.4    Definition of Relevant Terms
 
CHAPTER THREE
3.0    Research Methodology
3.1    Sources of Data
3.2    Primary Data
3.3    Secondary Data
3.4    Study Population and Sample

CHAPTER FOUR
4.0    Data Presentation, Analysis and Introduction
4.1    Presentation of Basic Data
4.2    Presentation and Analysis of Data
4.3    The Average Rent in N/M2 on Commercial and Residential Properties

CHAPTER FIVE
5.0    Findings, Recommendation and Conclusions
5.1    Finding
5.2    Recommendation
5.3    Conclusion

Bibliography
Appendix 1
Appendix 2
Appendix 3
List of Figures/Tables

APPENDIX 1
QUESTIONNAIRES TO THE ESTATE SURVEYOR’S AND VLAUERS OF RESIDENTIAL PROPERTIES
1.    What are the factor influencing rents passing on those residential properties?
2.    How does the use of residential property affect the rent passing on  it?
3.    Do properties with mere space command higher rents?
4.    Why does a residential property in good condition but  located in a poor environment command how rent?
5.    What is the contract rent between the landlords/ tenants?
6.    Is there any disparity in the rental value or rent passing on Residential Properties and Commercial Properties
7.    What type of measurement is used in determining the floor space of building for rental purpose.




APPENDIX 2
QUESTIONNAIRES TO THE OWNERS/LANDLORD OF RESIDENTIAL PROPERTIES
1.    How many residential properties do you own?
2.    What types of residential properties are they?
3.    What are the properties located?
4.    Who managers the properties?
5.    Give brief description of each of the properties.
6.    Is the property managed by the manager.
7.    Is the high demand of the properties?
8.    Is the properties in bad or good condition.

APPENDIX 3
QUESTIONNAIRES TO THE ESTATE SURVEYOR’S AND VLAUERS OF COMMERCIAL PROPERTIES
1.    What are the factors influencing rents passing on those commercial properties?
2.    Why do properties put for commercial use command higher rent?
3.    Do properties put for commercial use command high rents?
4.    What period does the rent paid cover?
5.    What are the units of comparison on commercial properties?
6.    What is the turnover likely to be, bearing in mind the general situation of the shop?
7.    Is there any disparity in the rental value or rent passing on commercial properties and residential properties?
8.    How does the use of commercial properties affect the rent passing on it?

APPENDIX 4
QUESTIONNAIRES TO THE ESTATE SURVEYOR’S AND VLAUERS OF RESIDENTIAL PROPERTIES
1.    How many commercial properties do you own?
2.    What type of commercial properties are there?
3.    Where is the properties located?
4.    Give brief description of the properties.
5.    Who manages the properties?
6.    Is the properties managed?
7.    Is the properties highly demanded?

LIST OF FIGURES/TABLES

Table 1    Showing Trends in Rental Values of Residential Properties in Ogui New Layout, Enugu from 2002 to 2004.
Table 2    Showing Trends in Rental Values of Commercial Properties in Ogui New Layout, Enugu 2002 to 2004.  
Figure 1    Bar Chart Showing the Average Rent /M2 P.G for Residential Properties in Ogui New Layout, Enugu, from 2002 to 2004.  
Figure 2    Bar Chart Showing the Average Rent /M2 P.G for Commercial Properties in Ogui New Layout, Enugu, from 2002 to 2004.  
Figure 1    Bar Chart Showing the Average Rent /M2 P.G for Residential Properties in Ogui Layout, Enugu, from 2002 to 2004.  
Figure 3    Pie Chart Showing the Average Rent N/M2 P.G for Residential Properties in Ogui New Layout, Enugu, from 2002 to 2004.  
Figure 4    Pie Chart Showing the Average Rent N/M2 P.G for Commercial Properties in Ogui New Layout, Enugu, from 2002 to 2004.  
Table 3    Showing the Average Rent N/M2 P.G on Commercial and Residential Properties