Rent Control and Residential Property Values in Lagos State Nigeria

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dc.creatorOni, A. O., Ajibola, M. O., Oloyede, S. A.
dc.date2007
dc.date.accessioned2025-03-26T16:39:16Z
dc.descriptionPrior to 1997, arbitrary rent increases, unlawful ejection of tenants, Lengthy and un-ending Litigations between Landlords and tenants were rampant in Lagos State, Nigeria. This dictated the intervention of Lagos State Government through the promulgation of the Rent Control and Recovery of Residential Premises Edict, which stipulates, inter alia, specific method to be adopted in determining residential property values. This research examines the statutory method of detem1ining standard rent under the edict, and adopts the multiple-comparison and analysis of variance techniques to determine the relationship between statutory and open market rents. It discovers that rent control has no impacts on rental prqperty values in the study area. It therefore concludes that government intervention through control of rent would injure the urban poor it sets out to protect and recommends that government should hands off control of rent on houses government has not produced
dc.formatapplication/pdf
dc.identifierhttp://eprints.covenantuniversity.edu.ng/2310/
dc.identifier.urihttps://repository.covenantuniversity.edu.ng/handle/123456789/31702
dc.languageen
dc.publisherProperty Research Group
dc.subjectHD Industries. Land use. Labor, TA Engineering (General). Civil engineering (General), TH Building construction
dc.titleRent Control and Residential Property Values in Lagos State Nigeria
dc.typeArticle

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