Revenue allocation and its function in Nigeria


Comments

Post a Comment

Popular posts from this blog

INTRODUCTION TO ESTATE MANAGEMENT

Image
INTRODUCING ESTATE MANAGEMENT The Basics of estate management An article written by Nwabuisi Dennis UNDERSTANDING THE RUDIMENTS ESTATE AND MANAGEMENT Laymen see estate as house or set of buildings, but to real estate management students and professionals, the word “estate” means an interest one holds on land or landed properties. This interest can further be determined in terms of leasehold interest or free hold interest.             Management on the other hand is an art or science coordinating sources through the aspect of planning, controlling, monitoring, coordinating, directing and organizing for the purpose of achieving a certain goal or objective.             Over the years, there has been the concept of property ownership and land acquisition. This gave rise to the ever increasing number of ownership and interest in land and landed properties. People...
Read more

IMPORTANCE OF COMPUTERS IN ESTATE MANAGEMENT

As with many occupations , computers and technology have become vital parts of working life. With estate management, computers bring a variety of benefits including: Ample amounts of memory Depending on what area of estate management they are working in, some managers will require a mass amount of memory to store important details about numerous properties under their management. In the modern day, computers are packed with unbelievable amounts of memory and extra memory is considerably cheaper than it used to be. The amount of information that be contained in a computer would simply be unmanageable on paper . Advanced communication Thanks to computers and the Internet, our ability to communicate has been greatly improved. Estate managers now have a variety of ways to communicate with clients and co-workers through email, social networking and even video conferencing . This makes their job much easier; allowing them to communicate with people associated with their properties...
Read more

METHODS OF VALUATION

Comparison Method of Valuation Comparison Method of Valuation is the most commonly used and accepted method in ascertaining the market value of properties. Under the Comparison Method, the valuation approach entails comparing the subject property with similar properties that were sold recently and those that are currently being offered for sale in the vicinity or other comparable localities. The characteristics, merits and demerits of these properties are noted and appropriate adjustments thereof are then made to arrive at the value of the subject property. Investment Method of Valuation This method of valuation is usually applied for investment properties. In the Investment Method, the annual rental income presently received or expected over a period of time for the lease of the property is estimated and deducted therefrom the expenses or outgoings incidental to the ownership of the property to obtain the net annual rental value. This net annual income is then capitalised by ...
Read more