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27 Mar 23

ORIGINAL COST

This is the actual cost to its present owner; not necessarily the “first” cost at the time it was originally constructed or acquired (Boyce, 1984). This original cost concept is differently viewed by accountants who defined it as the price paid to acquire the assets (Hermanson, Edwards & Salmonson, 1989).…

27 Mar 23

ORGANISATIONAL ANALYTICAL TOOLS

1) Scenario Planning Scenarios are tools for thinking ahead to anticipate the changes that will impact an organisation. Scenarios can be considered instructive simulations of possible operating conditions. This approach might be used in conjunction with other models...

27 Mar 23

ORDERLY LIQUIDATION VALUE

Orderly liquidation value is the estimated gross amount expressed in terms of money, that could be typically realised from a liquidation sale, given a reasonable period of time to find a purchaser(s) with the seller being compelled to sell on an as-is, where-is basis as of a specific date.

27 Mar 23

OPERATING EXPENSES

Operating expenses include all of the costs associated with running and maintaining a building. Examples are: • Utilities – Costs for natural gas, oil, electricity, water, internet and telephone.

27 Mar 23

OBSOLESCENCE

Coined out of the Latin word ‘obsolesce’, obsolescence means to grow old. It is not only about age, the chief cause of obsolescence is ‘circumstantial changes’ occurring. With respect to property, it leads to depreciation (as in the case of physical obsolescence) - a loss in value from any cause…

27 Mar 23

NUISANCE VALUE

This is the value, which a person having an interest in land is ready to pay in order to change, for example, the position of an improvement, which could have hitherto been of negative effect to his/her living but positive to others; or a generally negative effect to the whole…

27 Mar 23

NIGERIAN INSTITUTION OF ESTATE SURVEYORS AND VALUERS

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) is an Association of professional persons in the vocation of real estate and who have given themselves a constitution and have agreed to abide by the standards and ethics of the practice of the noble profession as legally stipulated by Decree…

27 Mar 23

ORIGINAL COST

ORGANISATIONAL ANALYTICAL TOOLS

ORDERLY LIQUIDATION VALUE

OPERATING EXPENSES

OBSOLESCENCE

NUISANCE VALUE

NIGERIAN INSTITUTION OF ESTATE SURVEYORS AND VALUERS

NET OPERATING INCOME (NOI)

NET LEASE

NET FINANCING COST

WRITING RESEARCH REPORT

URBANIZATION AND THE CHALLENGES OF INFRASTRUCTURAL DEVELOPMENT

THE PRIVATIZATION OF THE FEDERAL GOVERNMENT-OWNED RESIDENTIAL PROPERTIES: A CASE STUDY OF THE 1004 FLATS IN VICTORIA ISLAND, LAGOS

STEPS TO EFFECTIVE SUCCESSION PLANNING: Ensuring Leadership Continuity in Real Estate Firms

SERVICE EXCELLENCE AND PROFESSIONAL EXPECTATIONS:

SERVICE CHARGE MANAGEMENT AND ITS ASSOCIATED PROBLEMS

FACILITIES MANAGEMENT AND THE ROLES OF SERVICE PROVIDERS IN THE BUILT ENVIRONMENT

PROPERTY RATING AS A SOURCE OF REVENUE TO LOCAL GOVERNMENT

PROFESSIONAL HAZARD AND THE REAL ESTATE PRACTICE

THE CHALLENGE OF PROPERTY MANAGEMENT IN SLUM AREAS (A Case Study of Lagos State)

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