Kuye Olusegun

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REAL PROPERTY

Real property is defined as land and improvements permanently attached to the land. It is also known as real estate, or realty. It is “the interests, benefits, and rights inherent in the ownership of real estate.” [The Appraisal Foundation, Uniform Standards of Professional Appraisal Practice (1998), pp. I-10].
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REAL ESTATE

This is the physical land and appurtenances including structures affixed thereto (Boyce, 1984). Real Estate may also be viewed as the land or land and buildings. It is that object, (in this case land or building(s)) which forms the subject matter of property. A real estate is a tangible asset…
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RACI

A Responsibility Assignment Matrix (RAM), also known as RACI matrix or Linear Responsibility Chart (LRC), describes the participation by various roles in completing tasks or deliverables for a project or business process. It is especially useful in clarifying roles and responsibilities in cross-functional/departmental projects and processes.
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QUICQUID PLANTATUR SOLO, SOLO CEDIT

‘Quicquid plantatur solo, solo cedit’ is a Latin word which means ‘whatever is planted in the ground, belongs to the ground’. This Latin maxim has evolved considerably since its inception in Roman law, where its application was mostly to determine that trees and crops were sold with, and formed part…
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QUASI CONTRACT

Unlike a contract, wherein the parties agree to duties and obligations, a quasi-contract is created by the court and not by the parties. The term contract refers to a legal agreement that binds the parties with duties and obligations. The consenting parties agree to the conditions of the contract, either…
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QUACKERY

The word Quackery has been a general phenomenon to all profession in the world. Quackery as it were is an act of unprofessionalism which usually brings setback to a recognised profession. The impact of quackery has been felt on most professions if not all. However, the impact of quackery on…
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PUBLIC-PRIVATE PARTNERSHIPS (PPP)

A review of the partnership literature reveals that there are considerable variations amongst the many definitions of what constitutes a PPP. The widespread use of the term public-private-partnership hides important differences between the different forms of public private collaboration (Schaeffer & Loveridge, 2002).
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PROPOSAL

According to Kerrie Main on WiseGeek, a proposal is “a tool designed to persuade a customer to purchase a product or to receive funding and backing for a new project or program”. It is used in a majority of industries from corporate America to academia. Proposals come in many forms.
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PROPERTY VALUE

Value is the amount of commodity; money, etc. consider equivalent for something else, material monetary worth, desirability, utility, qualities on which it depends. Value is the actual worth of a particular object Value for which a willing seller will part with the land in favour of willing buyer, Value is…
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PROPERTY MANAGEMENT

Property management is the operation, control, and oversight of real estate assets (or landed property). It is the process of managing property that is available for lease by maintaining and handling all the day-to-day activities that are centered on the of real estate assets being managed. Here, ‘management’ indicates a…
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