LASG sets December 14 deadline for development of residential schemes

The Lagos State Government has charged allottees of State lands, particularly those within Victoria Island, Ikoyi, Lekki 1 & 2 and Abijo Residential Schemes, to take physical possession and develop the plots allocated to them on or before December 14, 2015.

When a Lizard can, why can't we?

WHEN A LIZARD CAN, WHY CAN'T WE? 
This is a true story that happened in Japan. In order to renovate the house, someone in Japan breaks open the wall. Japanese houses normally have a hollow space between the wooden walls. When tearing down the walls, he found that there was a lizard stuck there because a nail from outside hammered into one of it's feet. He sees this, feels pity, and at the same time curious, as when he checked the nail, it was nailed 5 years ago when the house was first built !!! What happened? The lizard has survived in such position for 5 years!!!!!!!!!! In a dark wall partition for 5 years without moving, it is impossible and mind-boggling. Then he wondered how this lizard survived for 5 years! without moving a single step--since it's foot was nailed!

Mortgage Loan

MORTGAGE LOAN

A mortgage loan, also referred to as a mortgage is an instrument of debt, covered and protected by the collateral of a specific property, which should be paid back with a pre determined terms of payments by the borrower. Individuals and businesses makes use of mortgages to make large real estate purchases without paying the entire value of the purchase price outright. After a period of many years, the loan is repaid by the borrower, with interest, until he/she eventually owns the property free and clear. Mortgages are also known as "liens against property" or "claims on property." If the borrower fails to keep to the terms of payments of the mortgage, the bank can foreclose.

Power of Attorney

What is a Power of Attorney?

A Power of Attorney is a document that could be under seal which authorises a person to act on behalf of another person as his agent. The person who donates the power is called the "donor" (Principal) while the person to whom it is donated is called the "donee" (Attorney) .

The Nigerian Property Market- The Situation

THE NIGERIAN PROPERTY MARKET – THE SITUATION

This year we have experienced or read about mind-blowing transactions and so 2015 will be remembered as the year of big numbers but these sincerely happened before the election of same year. In this same year we are witnessing a drastic down fall with reference to change in “Premium transactions “.

The change in country’s leadership, policies & party in power has made a lot of deals go from active to pending and from pending to maybe never. As agents & representatives of property owners,investors or buyers you must understand its a network. Your network & alliance also has a lot to do with where your deals come from & same with your financial strength.