Kuye Olusegun

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INTELLIGENT BUILDINGS

An ‘intelligent building’ or ‘smart building’ or ‘automated building’ can be describe as that which involve the use of technology and process to create a building that is safer and more productive for its occupants and more operationally efficient for its owners.
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HOUSING

The Concept of Housing (Olusegun, 2015) The World Health Organisation (WHO) (1962 & 1996) defined housing as the physical structure that man uses for shelter, and the environs desired for the physical and mental health and social wellbeing of the family and individuals.
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HIGHEST AND BEST USE

In real estate parlance, the term, ‘highest and best use’ refers to the legally and physically possible use that, at the time of appraisal, is most likely to produce the greatest net return to the land or buildings over a given period of time. The ‘highest and best use’ concept…
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GOODWILL

Goodwill, as intangible property, is a common assists in trade or business. It may be said to be that element arising from the reputation, connection or other advantages possessed by a business, which enables it to earn greater profits than the return normally to be expected on the capital represented…
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GOING-CONCERN VALUE

Going-concern value is the value of a company as a whole over and above the sum of the values of each of its parts; the value of organisation learning and reputation. Appraisal Institute (2001) defines Going-concern value as the value of a proven property operation. It includes the incremental value…
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GOAL

Goal could be describe as the object of a person's ambition or effort; an aim or desired result. In Businessdictionary (2016), goal is defined as an observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe. Other definitions of ‘goal’…
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GAZUNDERING

Gazundering refers to the reduction in the offer price of a property after agreeing to a higher one; it is a situation whereby a prospective buyer or tenant directly or through his agent reduce the price or rent that had already been agreed upon (normally just before contracts are exchanged).
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GAZUMPING

Gazumping literarily means ‘rip off’; ask an unreasonable price. It is an act of increasing the rent of price for a property in respect of which offer and acceptance had earlier been made. This involves sudden change in price or rent that landlord...
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FORWARD CONTRACT versus FUTURE CONTRACT

Putting it in simple legal terms, when two or more competent parties voluntarily and legally sign an agreement, which binds them together, it is called a contract. Sometimes, you as a seller or buyer, while selling or buying products, may have to sign an agreement or contract with the other…
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