The study aimed at evaluating the contents of tenancy agreement entered into between lessors and lessees in Osogbo, Owode-Ede and Ede Metropolis in Osun State (Nigeria) from 2011 to 2020 in order to determine its adequacy in the face of the Post-COVID-19 pandemic in Nigeria. A questionnaire survey approach was adopted to achieve aim of the study. Findings of the study revealed steady dwindling of rental market transactions with deteriorating landlord/tenant relationship caused by disagreement on tenancy agreement related issues leading to default in rent payment, rent review period and renewal. Findings also indicated a low ebb experience in the rental market due to the economic downturn resulting from, among other factors, the lockdown policy, which impoverished Nigerians to the extent of struggling to make ends meet. The study further found that 86.3 % of the tenancy agreements were inadequate in content and execution as basic tenants’ remedial provisos were not included in most of the agreements. The study provided pertinent information that could be used as baseline information for tenancy agreement preparation, enhancing landlord (lessor) and tenant (lessee) relationship, and guiding rental real estate investment decisions in Nigeria.
The paper determines the influence of property use conversions on residential property rental value performances in Ikeja, Nigeria. Previous studies have shown that a multiplicity of use conversion characterizes Nigeria urban centres, hence, threatening the cordial relationship among the property market participants, rental value performances, distorting city aesthetic and morphology. The rapidity of this trend is alarming, thus call for the urgent attention of land/city managers, spatial planner, government and other stakeholders to address its attendant problems. Quantitative data, using questionnaire survey, were collected and used for the study. The influence of property use conversion factors on residential property rental value performances in the study area was determined using a predictive model. Findings of the study show that about 67% of use conversion activities in Ikeja can be explained through the fusions of the conversion factors in the predictive model with 96% influence on residential property rental values. It was further observed that there exist increasing cases of default in rent payment due to the conversion activities and intensive competition for property uses especially properties with locational advantages. The paper advocates for strict implementation of all relevant sections of urban property use related laws in the state to ensure compliance with existing laws and appropriate monitoring of property development and uses that will help in the achievement of sustainable city development and liveability in the post pandemic era.
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