EST 414 Theory Questions: Property Rating Valuation and Rental Evidence Analysis

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.

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