AN EXAMINATION OF THE PROBLEM AND PROSPECTS OF THE ADMINISTRATION OF GROUND RENT

Project Abstract

<p> </p><p>The ground rent has of course become an established part of modern leasing practice, but is only as recently as the as the 1950’s that landoners were granted leases at a fixed rents by the government without review. Land is a free gift of nature and no action of man bought land into existence that is why it is very necessary for man to pay rent for the use of such property. Government encourages ground rent in order to invest the money into the development of the society as well as to checkmate the use of land. There importance of ground rent to the government can never be over emphasized. In order to achieve the set target. This project was divided into five chapters. Also the researcher came up with some objectives that will help to achieve the set goal often which conclusion will be reached as well as made usefully recommendations &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </p><br> <br><p></p>

Project Overview

<p> </p><p>In the mid-nineteeth century came the development of many residential estates, built by developers holding on ground rent of ninety-nine years. Although ground rent had been in use before, it was at this time that their use became indespread. These agreement placed total responsibility for development and development. The ground rent has, of course, become an established part of modern leasing practice, but it is only as recently as recently as the 1950’s that landowners were granted leases at a fixed rentsby the government without review. The term groun rent can be seen or described as a rent paid by the owner of a land to the government for the use of the land. A ground rent whether it contains review or not, represent possibly the ultimate practice method for the government to adopt when requires capital injection. Land is free gift of nature, and no action of man brought land into existence that is why it is very necessary for man to pay rent for the use of such property. Government encourages ground rent in order to invest the money into the development of the society as well as to checkmate the use of land. Howevere here in Enugu state the ministry of lands were charged with the responsibility of assessment, reviewing, imposing and collection of ground rent in the state in order to encourage further development as well as to check and control the use of land. It is with a deep regret, that the administration of the ground rent have not been able to live is immovable, and the imposing and collection of the rent is not expected to be difficult. It is as a result of this that the researcher seek to examine the problems and prospects of the administration of ground rent is Enugu state with a view of providing solution to the problem when identified.</p><p></p><br> <br><p></p>