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- May 17, 2025
- Building, Education, Land Banking, Real-estate
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The Lagos State Government, through the Lagos State Physical Planning Permit Authority (LASPPPA), has consistently emphasized that property owners, developers, and residents must obtain proper planning permits for all building projects in the state.
Here’s a summary of what the Lagos State government has said:- • Mandatory Requirement: Obtaining a planning permit is not optional but compulsory for all landowners, developers, and residents before commencing any construction activity, whether residential or commercial. This is…
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- May 11, 2025
- Building, Education, Entertainment, Land Banking, Real-estate
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WHAT THE LAGOS GOVERNMENT SAID ABOUT SOME LANDLORDS DEMANDING FOR MORE THAN A YEAR RRENT.
The Lagos State government has recently reiterated its stance against landlords and property owners demanding more than one year’s rent in advance from tenants. Here’s a summary of what the Lagos State government has said:- • ILLEGALITY OF DEMANDING MORE…
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- April 18, 2025
- Building, Education, Entertainment, Land Banking, Real-estate
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INCOME TAX IN NIGERIA IN PROPERTY SECTORS.
Nigeria’s property sector involves several income-related taxes at both the federal and state levels. Here’s a breakdown of the key taxes:- 1. INCOME TAX: •Rental Income: Individuals and companies earning income from renting out properties are subject to income tax.…
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- April 15, 2025
- Building, Education, Entertainment, Land Banking, Real-estate
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IS THERE A LAW GOVERNING REAL ESTATE AGENTS IN ENUGU STATE NIGERIA?
Well, there isn’t a specific, standalone Law exclusively governing Real Estate Agents in Enugu State, their activities are subject to a combination of existing laws and recent legislative efforts aimed at regulating the Real Estate sector. Here’s a breakdown of…
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- April 12, 2025
- Building, Education, Entertainment, Land Banking, Real-estate
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SAFETY IN REAL ESTATE FOR BOTH CLIENTS AND AGENTS
It is commendable that you are seeking advice to protect prospective customers from potential dangers associated with individuals posing as real estate agents for nefarious purposes, such as ritual killings. While it’s important to acknowledge that such extreme cases are…
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- April 8, 2025
- Building, Education, Land Banking, Real-estate
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CHECK WHERE YOU BELONG AS A PROPERTY DEALER
In the realm of property transactions, the terms “PROPERTY AGENT” and “REALTOR” are often used, sometimes interchangeably, but they carry distinct meanings, particularly in the UNITED STATES. HERE’S A BREAKDOWN:- 1: PROPERTY AGENT (General Term):- •A property agent, also known…
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- April 5, 2025
- Building, Education, Land Banking, Real-estate
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HOW TO APPLY FOR LAND USE CHARGE EXEMPTION AS A PENSIONER LIVING IN LAGOS STATE
As Pensioner in Lagos State, you can apply for exemption from the Land Use Charge (LUC) by following the procedure outlined below. Under the Lagos State Land Use Charge Law, owner-occupiers who are pensioners (either under the public or private…
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- April 4, 2025
- Building, Education, Land Banking, Real-estate
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WHAT IS A LAND GAZETTE?
In the context of land ownership, particularly in places like Nigeria, a “Land Gazette” refers to an official government publication that contains records of land that have been officially designated or “Excised” by the government. HERE’S A BREAKDOWN:- • OFFICIAL…
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- April 4, 2025
- Building, Land Banking, Real-estate
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WHAT IS A “FREEHOLD’ IN LANDED PROPERTIES?
When discussing land ownership, “freehold” refers to a type of ownership where you have complete and indefinite ownership of both the land and any structures on it. HERE IS A BREAKDOWN: 1: COMPLETE OWNERSHIP:- •This means you own the property…
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- February 9, 2025
- Building, Education, Entertainment, Land Banking, Real-estate, Uncategorized
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HOW DOES JOINT VENTURE IN REAL ESTATE WORK?
A Joint Venture also known as J.V in real estate is a strategic partnership where two or more parties come together to pool their resources and expertise for a specific real estate project. This collaboration allows them to undertake projects…