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SOME TRUTHS ABOUT THE REAL ESTATE INDUSTRY YOU SHOULD BE AWARE OF

https://bukingproperties.com/update/some-truths-about-the-real-estate-industry-you-sho/2293586

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The real estate industry is often seen as a lucrative and glamorous field, but it is essential to understand the realities behind the scenes. While there are undoubtedly opportunities for success, it is crucial to have a realistic understanding of the challenges and complexities of the real estate industry. In this article, we will explore some truths about the real estate industry that you should be aware of.  1. It Requires Hard Work and Persistence: Contrary to popular belief, real estate...

4 STRATEGIES ON HOW TO TACKLE OMONILE (LAND GRABBERS) IN LAGOS REAL ESTATE PROPERTY MARKET

https://bukingproperties.com/update/4-strategies-on-how-to-tackle-omonile-land-grabbe/2292554

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Omonile refers to land speculators or land grabbers in Lagos, Nigeria. They are individuals or groups who engage in fraudulent practices in the sale of land and properties. They often claim ownership of lands and properties that do not belong to them, and then sell or lease them to unsuspecting buyers. Omonile activities have been a major issue in Lagos, causing disputes and conflicts in land transactions. It is important for potential buyers to be cautious and conduct thorough due diligence...

UNDERSTANDING THE LAGOS STATE HOME OWNERSHIP MORTGAGE SCHEME ( LAGOS HOMS)

https://bukingproperties.com/update/understanding-the-lagos-state-home-ownership-mortg/2290699

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The Lagos State Home Ownership Mortgage Scheme (Lagos HOMS) is a groundbreaking initiative by the Lagos State Government in Nigeria aimed at providing affordable housing options for its residents. Launched in 2014, the scheme has been instrumental in addressing the housing deficit in Lagos and has significantly improved access to homeownership for many individuals and families. Lagos, being one of the most populous cities in Africa, faces a significant housing challenge. The increasing popula...

HOUSE RENT: UNDERSTANDING THE DIFFERENCE BETWEEN MINI-FLAT AND SELF-CONTAIN

https://bukingproperties.com/update/house-rent-understanding-the-difference-between-m/2290671

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The housing market is vast and diverse, offering a variety of options to suit different needs and preferences. Two popular choices for individuals or small families are mini flats and self-contained apartments. While both options offer a compact living space, there are distinct differences between the two that potential tenants should consider before making a decision. Firstly, let us explore the concept of a mini flat. A mini flat is a small, self-contained living space typically consisting...

UNDERSTANDING THE NEW LAGOS STATE TENANCY LAW / AGREEMENTS

https://bukingproperties.com/update/understanding-the-new-lagos-state-tenancy-law-ag/2289719

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Introduction The Lagos State Tenancy Law represents a significant milestone in the regulation of the rental market in Nigeria’s bustling commercial hub. The law, which came into effect in August 2011, aims to protect the rights of both landlords and tenants, promote transparency, and ensure fair practices in the rental sector. This article provides a detailed overview of the key provisions of the new Lagos State Tenancy Law, empowering both tenants and landlords with the knowledge necessary to...

10 IMPORTANT KEY STEPS TO TAKE WHEN BUYING A HOUSE OR LAND PROPERTY IN NIGERIA

https://bukingproperties.com/update/10-important-key-steps-to-take-when-buying-a-house/2288841

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Buying a house or land property is a significant milestone in one’s life, and it is essential to make informed decisions throughout the process. In Nigeria, the real estate market offers a plethora of opportunities, but navigating through the complexities can be challenging. This comprehensive guide aims to provide aspiring homeowners with a step-by-step approach to buying a house or land property in Nigeria. By following these ten key steps, potential buyers can make well-informed decisions,...
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