400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
(a) Value for rating purposes a 4-bedroom bungalow at Abookuta let for N250,000 gross rent per annum.
Often State rating edict stipulates a 25% for outgoings and a rate of ratings of 10k.
(b) Explain any four (4) reasons why rental evidences (i.e. rent passing on a hereditament) may not accord with the statutory basis in rating.
