estate management handbook.doc

CROSS RIVER UNIVERSITY OF TECHNOLOGYCALABAR, CROSS RIVER STATE, NIGERIA

Department Of Estate Management

Information Handbook

for

Undergraduate Students

VisionTo establish one of the foremost academic/professional department that attracts highly qualified staff, equipped with basic facilities for the production of graduates that can compete favourably with their counterparts in other institutions globally.

MissionTo produce well-trained graduates and researchers in estate management profession, well equipped with basic skills for all round active participation in socio economic development of their country and the global community.

1. History of the Development of Estate Management ProgrammeThe Department of Estate Management in the Cross River University of Technology was established in August, 2002 with three other Departments, namely, Architecture, Urban and Regional Planning and Visual Art and Technology that make up the Faculty of Environmental Sciences. The department commenced business in September, 2002 with the admission of nine pioneer students with an academic staff strength of six. In 2005, the National Universities Commission (NUC) visited the department for accreditation of its programme. The NUC having been satisfied with the facilities, granted the department an interim accreditation for a period of two years.In 2007, the Estate Surveyors and Valuers Registration Board of Nigeria visited the department for accreditation. The Department was granted full accreditation by the Board for a period of four (4) years. That same year, the National Universities Commission (NUC) also visited the department for re-accreditation of its programme. The NUC having been satisfied with the existing facilities granted the Department full accreditation for a period of five years. It is important to state that the Department of Estate Management in Cross River University of Technology (CRUTECH) has since its inception been headed by a qualified and registered estate surveyor and valuer with basic academic qualifications and cognate experience.

2. PhilosophyThe department is established to produce competent estate surveyors and valuers with sufficient knowledge and skills to optimise the use of land resources to facilitate economic development. It is hinged on

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efficient use of real estate and effective operation of the real estate market. Efficient utilization of land provides an ethical base which is founded on the generic and intellectual concept of highest and best use. The main purpose of estate management education is the assimilation and development of knowledge with requisite skills and competence for the service of the public. Hence, estate management refers to a study of the body of knowledge concerned with valuation of interests in land, development and management of land and environmental resources. The aim is to demonstrate a culture of sustained scholarship and excellence through the process of teaching, learning and research. The Department is committed to this philosophy by ensuring that it is recognised by professional bodies and among the leading academic real estate establishments anywhere in the world.

3. Aim and Objectives of the Department of Estate ManagementThe aim of the programme is to produce graduates equipped with sufficient knowledge and requisite skills for professional practice and academic challenges in national development. The objectives are To provide training for acquisition of knowledge in real estate

specializations. To stimulate and develop analytical skills for solution of various

problems in land use, valuation, development, management of land and environmental resources.

To pursue creative thinking and discovery of knowledge through research and interdisciplinary collaboration

To develop in the students, survival skills in an ever-changing economic, technological and political world.

To provide leadership and service; on graduation, to address social, economic, intellectual, political and environmental challenges.

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4. Academic Staff of the Department

S/N Name Rank Qualification Areas of Specialisation1 Prof. Joseph U. Ogbuefi Visiting

ProfessorPh.D Land Management, Appraisal,

and Taxation.2 Prof. Godfrey O. Udo Visiting

ProfessorPh.D Property Valuation, Facilities

Management and Land Resources Economics

3 Dr. Abel Olaleye Reader Ph.D Portfolio Management and Performance Analysis, Real Estate/Housing Devt. And Finance.

4 Dr. Anya Igwe-Kalu Senior Lecturer

Ph.D Taxation, Land Reforms, Property and Facilities Management.

5 Dr. Robert Idu Egbenta Senior Lecturer

Ph.D Land Econs, Urban Planning and Environmental Valuation

6 Dr. Francois Okey Nwanekzie

Senior Lecturer

Ph.D

Project Management, Estate Development Finance, property Development/Mgt. Computer Applications, Statistics and Quantitative Techniques.

7 ESV.(Mrs) Rose C. Okoro Lecturer I MBA, M.ScPh.D in

view

Property Valuation, Appraisal and Portfolio, Project Management.

8 ESV. (Mr) Christian Ega Mfam

Lecturer I M.ScPh.D in

view

Appraisal and Portfolio Management

9 ESV.(Mr)Oka Bassey Ipia Lecturer II MBA, M.Sc in view

Land Use and Property Management

10 Stanislaus O. Ibor Lecturer II Ph.D Appraisal, Property Management , Land Use and Resources

11 Celestine Monday Udia Lecturer I M.ScPh.D in

view

Land Use and Environmental Econs.

12 Surv. Victor O. Nyamse Senior Lecturer

B.Sc, M.Sc Land surveying

13 Henry O. Ayambem Asst. Lecturer

M.ScPh.D in

view

Land Economics, Valuation and Investment Analysis.

14 James B. Effiong Asst. M.Sc Valuation, Portfolio Mgt &

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Lecturer Investment Appraisal

6. NON – ACADEMIC STAFF OF THE DEPARTMENT

S/N NAME OF STAFF RANK/DESIGNATION,SALARY SCALE AND DATE OF FIRST APPOINTMENT

QUALIFICATION OBTAINED

POST QUALIFICATION WORK EXERIENCE

REMARKS

1 Ethel Asinya Mendie (Mrs.)

Technologist II 1st Appt. 30/01/2012 Cont.7/2

OND - 1996HND - 2001PGD - 2009 in EST.MGT.

2years

2 Esuku Otosi Ekat (Mr.)

Executive Officer cont.6/1 1st Appt. 1/7/92

OND – 2000 inAgric - Tech.

22 YEARS

3 Mary Emmanuel Abang ( Mrs.)

Chief Computer Operator Secretary, Cont.5/5 28/11/2005st Appt. 18/10/88

ND - 2004B.Sc. - 2011 in Comp. Sc. Respectively

10 years

4 Cletus Ntun (Mr.) Assist. Chief Executive Officer Cont.12/7 1st Appt. 27/10/80

HND - 2003 in Business Adm.

34years

5. Admission RequirementsCandidates for admission through entrance examination organized by JAMB must possess the Senior Secondary School Certificate or its equivalent with not less than five credit passes in Mathematics, English Language, Economics; a basic science subject and one other subject from Chemistry, Physics, Biology, Agricultural Science, Geography, Building Construction, Surveying, Technical Drawing and Fine Art.

6.Course EvaluationCandidates for the examination shall satisfactorily complete the course work set in each subject in the form of term paper, tests or continuous assessment, which shall carry 30% and the semester examination which carries 70%.

7. External ExaminersDegree examination shall be externally moderated by external examiners who shall be appointed for the final year class.

8. Title of Degree

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The nomenclature of the degree to be awarded at the end of the bachelor’s degree programme shall be B.Tech (Est. Management), that is, Bachelor of Technology in Estate Management.

9. Duration of Degree ProgrammeThe duration of the programme is five years of ten semesters. Nine of the semesters are completely for classroom knowledge acquisition while one semester is for Student Industrial Work Experience Scheme (SIWES).

10. Table of Classes of Degrees Awarded by the University

(i)Credit Units

(ii)% - Score

(iii)LetterGrade

(iv)GradePoint

(v)Grade Point

Average

(vi)Cummulative Grade Point

Average

(vii)Class of Degree

Vary according to contact hours assigned to each course per week, per semester and according to work load carried by student

70 – 10060 – 6950 – 5945 – 4940 – 440 – 39

ABCDEF

543210

Derived by multiplying (i) and (iv) and dividing by total Credit Units

4.50 – 5003.50 – 4.492.40 – 3.491.50 – 2.391.00 – 1.49 0.99

First Class2nd Class (U)2nd Class (L)3rd Class PassFail

11. Registration of Courses(a) For students with carry – overs, all carry – over courses must be

listed first before adding current year courses.

(b) Students must first consult their Academic Advisers for all academic issues including registration of courses and signing of course registration materials before seeing the Head of Department.

12. Examination Malpractice and Corresponding PenaltiesAll actions/behaviour inconsistent with generally accepted examination rules.

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Table of Examination Malpractice and Corresponding PenaltiesS/N MISCONDUCT PUNISHMENT

1 Obstructing any invigilator/supervisor or other examination official in the performance of his/her duties.

Expulsion

2. Impersonation: writing an examination for another. Expulsion

3. Falsification of test or examination mark/grade. Expulsion

4. Destroying evidence/exhibits by chewing or by other means or an attempt to do same.

Rustication for 1 Year

5. Use of scripts other that those designated for an examination

Automatic F for the course concerned

6. Use of answer booklets consisting mainly of unauthorized loose or continuous sheets.


7. Bringing into examination hall unauthorized materials relevant to the examination being taken.


8. Copying with cooperation. Rustication for 1 Year

9. Copying without co-operation Giraffing Automatic F for the course concerned

10. Presentation of identical responses to the same questions by two or more students in such a way that copying is established.


11. All forms of communication during examination e.g. passing papers.


12. Picking and making use of dropped materials relevant to the examination.


13. Appearance of different handwriting in a student’s script.

Expulsion

14. Courier: Smuggling of examination question papers in/out of the examination hall with the intention of cheating.


15. Reading of note/text books during the relevant examination.


16. Use of mobile phones or any other unauthorized electronic device in the examination hall.


17. Sharing answers written on the Back of questions paper to another candidate in the same examination

Automatic F for both candidate

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13. Course Distribution

YEAR 1 FIRST SEMESTERCourseCode

Course Title Pre-requisite L T P U

EST 1101 Introduction to Estate Management I 2 1 0 3MTH 1101 Elementary Mathematics I 2 1 0 3ARC 1102 Architectural Graphics I 1 0 3 2BUS 1102 Principles of Economics I 1 1 0 2URP 1103 Basic Elements of Planning I 1 0 3 2ACC 1101 Principles of Accounting I 2 1 0 3ENV 1101 Fundamentals of Environmental Science 1 0 3 2GSS 1101 Use of English I 2 0 0 2

Total 12 4 9 19L = Lectures, P = Practical, T = Tutorial, U = Credit Units

YEAR 1 SECOND SEMESTERCourseCode


EST 1201 Introduction to Estate Management II 2 1 0 3MTH 1201 Elementary Mathematics II 2 1 0 3ARC 1202 Architectural Graphics II 1 0 3 2BUS 1201 Elements of Economics II 1 1 0 2AGR 1201 Principles of Agric. Production 2 0 0 2ACC 1201 Principles of Accounting II 2 1 0 3GSS 1201 Use of English II 2 0 0 2GSS 1202 History and Philosophy of Science 2 0 0 2

Total 14 3 3 19L = Lectures, P = Practical, T = Tutorial, U = Credit Units YEAR 2 FIRST SEMESTERCourseCode


EST 2101 Introduction to Valuation I 2 1 0 3ENV 2101 Land Surveying I 2 0 3 3BUS 2104 Economic Theory (Micro) 2 0 0 2EST 2102 Law of Contracts 2 0 0 2EST 2103 Building Construction and Materials I 1 0 3 2STA 1101 Introduction to Statistics 1 1 0 2GSS 1102 Philosophy and Logic 1 1 0 2

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GSS 1103 introduction to Computer Sciences 2 0 0 2GSS 2101 Conflict Resolution 2 0 3 2

Total 15 3 6 20L = Lectures, P = Practical, T = Tutorial, U = Credit UnitsYEAR 2 SECOND SEMESTERCourseCode


EST 2201 Introduction to Valuation II 2 1 0 3ENV 2201 Land Surveying II 2 0 3 3AGR 2201 Economics of Agriculture 2 0 0 2BUS 2206 Economic Theory (Macro) 2 0 0 2EST 2203 Building Construction and Materials II 1 0 3 2EST 2202 Law of Torts 1 1 0 2STA 1201 Basic Statistical Methods II 1 1 0 2GSS 1203 Nigerian Peoples and culture 2 0 0 2


YEAR 3 FIRST SEMESTERCourse Code Course Title Pre-requisite L T P U

EST 3101 Principles of Valuation I 2 1 0 3EST 3102 Elements of Land Law I 1 1 0 2CSC 1101 Computer Application in Estate Management 1 0 3 2EST 3103 Property Rating and Taxation I 1 1 0 2EST 3104 Land Economics I 2 0 0 2URP 3105 Principles of Town and Country Planning I 1 1 0 2ARC 3105 Building Services and Maintenance I 1 0 3 2EST 3105 Arbitration and Awards 1 1 0 2EST 3106 Building Economics I 1 1 0 2


YEAR 3 SECOND SEMESTERCourse Code Course Title Pre-requisite L T P U

EST 3201 Principles of Valuation II EST 3101 2 1 0 3EST 3202 Elements of Land Law II 1 1 0 2EST 3203 Property Rating and Taxation II 1 1 0 2EST 3204 Land Economics II 2 0 0 2EST 3205 Principles of Property Development 1 1 0 2URP 3205 Principles of Town and Country Planning II 1 1 0 2ARC 3205 Building Services and Maintenance II 1 0 3 2EST 3206 Environmental Resource Economics 2 0 0 2EST 3207 Building Economics II 1 1 0 2

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YEAR 4 FIRST SEMESTERCourse Code Course Title Pre-requisite L T P U

EST 4101 Principles of Property Management 2 1 0 3EST 4102 Estate and Development Finance 2 1 0 3EST 4103 Comparative Land Policies 2 0 0 2EST 4104 Plant and Machinery Valuation 1 0 3 2EST 4105 Urban Economics 1 1 0 2EST 4106 Research Methodology 2 1 0 3EST 4107 Facilities Management 2 0 0 2

Sub Total 12 4 3 17Electives 2 Units To Be Taken From below:EST 4108 Principles of Project Management 1 1 0 2URP 4109 Natural Resources & Environmental Planning 1 1 0 2




EST 4201 STUDENT INDUSTRIAL WORK EXPERIENCE (SIWES) 0 0 18 6L = Lectures, P = Practical, T = Tutorial, U = Credit Units

YEAR 5 FIRST SEMESTERCourseCode


EST 5000 Project Dissertation I 0 0 9 3EST 5101 Advanced Valuation I EST 3201 2 1 0 3EST 5102 Land Use and Resources I 2 1 0 3EST 5103 Applied Property Management I 2 1 0 3EST 5104 Feasibility and Viability Studies I 2 1 0 3EST 5105 Environmental Impact Assessment I 1 1 0 2

Sub Total 9 5 9 17Electives 2 Units To Be Taken From below:URP 5101 Applied Town and Country Planning I 1 1 0 2EST 5106 Mineral Valuation 1 1 0 2CEE 5101 Public Health Engineering 1 1 0 2

Total 10 6 9 19

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EST 5000 Project Dissertation II ProjectDissertation I

0 0 9 3

EST 5201 Advanced Valuation II EST 5101 2 1 0 3EST 5202 Land Use and Resources II 2 1 0 3EST 5203 Applied Property Management II 2 1 0 3EST 5204 Feasibility and Viability Studies II 2 1 0 3EST 5205 Environmental Impact Assessment II 1 1 0 2EST 5206 Professional Practice 1 1 0 2

Sub-total 10 6 9 19Electives 2 Units To Be Taken From below:URP 5201 Applied Town and Country Planning II 1 1 0 2EST 5207 Port Folio Management 1 1 0 2

Total 11 7 9 21

Total Credit Units From the above schedules of course distribution, the MINIMUM TOTAL CREDIT UNITS for graduation is 177.

14. Course Description

FIRST YEAREST 1101 – INTRODUCTION TO ESTATE MANAGEMENT IThe concept of Estate Management; philosophy, aim and objectives of estate management education, the origin and evolution of estate management profession; the scope of estate management practice; difference between estate management and business management; introductory management principles; motive of land ownership.

MTH 1101 – ELEMENTARY MATHEMATICSSet theory and intersection; Sequences and series; limits and continuity etc. Calculus: partial differentiation; total derivatives etc, numerical methods and differential equations

ARC 1101 – ARCHITECTURAL GRAPHICS 1

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The course deals with training of students in the basic skills of draughtmanship and presentation. Exercises should involve solid geometry and scale drawing, introduction to projections etc.

BUS 1102 – PRINCIPLES OF ECONOMICS IIntroduction to economics – scope and methodology, price theory and function of market. Elasticity factors of production, marginal productivity theory.

URP 1103 – BASIC ELEMENTS OF PLANNINGDefinition of scope of planning process, economic, social and physical factors in urban and regional planning, information requirement and techniques of surveys for urban and regional planning, land use type and classification; types of development plans.

ACC 1101 – PRINCIPLES OF ACCOUNTING 1Meaning and purpose of accounting, accounting concepts, double entry book keeping, income statements, simple books of accounts

ENV 1101 – FUNDAMENTALS OF ENVIRONMENTAL SCIENCEIntroduction and definition of terms; Environmental Concepts (Ecosystem Concepts); Environmental Conservation; Environmental Hazard; Environmental Hazard (Natural and man-made); Natural Resources; Global Environment Issue; Environmental Education issue; World Environmental Agenda.

GSS 1101 – USE OF ENGLISH 1This course is organized by the General Studies unit of the institution. The course is to acquaint the student the physical, psychological and linguistic problems of effective reading and especially to give them training in the development of faster reading where this is desirable.

EST 1201 – INTRODUCTION TO ESTATE MANAGEMENT IITraditional land tenure system in Nigeria; features of an estate in relation to management; origin and theories of land ownership; various types of interests in land; management of private and public estate; land economy as a field of study and professional career.

MTH 1201 – ELEMENTARY MATHEMATICS IIVector theory: vector scalar field functions. Complex numbers, integral algebra; basis, ranks and nullity determinants.

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ARC 1202 – ARCHITECTURAL GRAPHICS IIIsometric and axonometric projections. Problems on simple building elements like steps, doors etc. construction of different scales and their uses in practice.

BUS 1201 – PRINCIPLES OF ECONOMICS IIThe cost function, firm and industry analysis, international trade theory, introduction to resource economics, market structure, pure competition, oligopoly, the theory of distribution of wages, rent interest profit.

AGR 1201 – PRINCIPLES OF AGRIC. PRODUCTIONPrinciples of crop production including climatic factors and types of cropping system, land preparation, planting protection and harvesting. Annual crops and perennial crops. Soil profiles, soil formation and influence of parent materials, relief, climate, vegetation, texture, structure, moisture relationship and soil air.

ACC 1201 – PRINCIPLES OF ACCOUNTING IIProfit and loss accounts, final account, interpretation of balance sheet in terms of income, expenditure accounts, elementary treatment of sole proprietorship accounts, partnership accounts, limited liability company account etc.

GSS 1201 – USE OF ENGLISH IIWriting skills: this is aimed at eliminating discrepancies in the handling of English, derived either from deficiencies of either education or from the necessity of using a “second language”.

GSS 1202 – HISTORY AND PHILOSOPHY OF SCIENCESince an average person lives in a culture that is surrounded by the product of science, it is imperative that students in tertiary institutions be made to study at least the rudiments of science as a requirement for their graduation. This is the ultimate aim for teaching this course to the students.

SECOND YEAREST 2101 – INTRODUCTION TO VALUATION IThe nature and evolution of value theories; differences between market value; market price and cost; economic basis of property values. valuation and valuation

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process. Purpose, principles and basis of valuation; the functions of a valuer; the general investment market and the pattern of interest rates; construction and use of valuation tables (mathematics of valuation).

ENV 2101 – LAND SURVEYING ISimple surveying methods, types of maps produced in estate management, the basic instruments used, degrees of accuracy attained.

BUS 2104 – ECONOMIC THEORY (MICRO)Introduction to basic concepts, theories consumer behaviour and economic principles. Theory of costs. Output and pricing under market types, distribution and pricing of factor of production.

EST 2103 – BUILDING CONSTRUCTION AND MATERIALS IIntroduction to basic building construction techniques, excavations, foundations, floors and walls. Bonding building and construction materials in the markets in Nigeria. Functional requirements of building fabrics.

EST 2102 – LAW OF CONTRACTSFormation of contracts, offer and acceptance, consideration intention to create legal relations, form and content, vitiating elements – incapacity, mistake, misinterpretation, duress etc. unenforceable contracts, discharge of contracts, remedies for bridge; agency.

STA 1101 – INTRODUCTION TO STATISTICS Presentation and analysis of data; measures of location and dispersion in single and grouped data. Elementary probability and probability distributions – normal, binomial, poison, geometric, exponential distributions.

GSS 1102 – PHILOSOPHY AND LOGICThe aim of this course is to give the students some insights into the moral, aesthetic and religious values of their culture and other cultures so as to enable them to make wise and national choices.

GSS 2102 – CONFLICT RESOLUTIONDefinition of peace, concept of peace resolution, types of conflict. Differences between conflict and war. Causes of conflict, ways of resolving conflict.

EST 2201 – INTRODUCTION TO VALUATION IIThe mathematical background, construction and use of valuation tables, concept of years purchase (YP), principles of investment, stocks and shares; the land market;

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interest rates and investment yields. Introduction to valuation methods and the application to simple examples; surveys and reports used for valuation purposes; field trip;

STA 1201 – BASIC STATISTICAL METHODSEstimation and tests of hypothesis; poison, simple regression, correlation and analysis of variance, contingency tables, elementary time series and index numbers

ENV 2201 – LAND SURVEYING IIMaking and plotting of surveys of buildings and building sites. The extraction of required data from published maps.

AGR 2201 – ECONOMICS OF AGRICULTUREBasic economic tools and reasoning and their applicability to agricultural problems. Structure of production units, capital and labour inputs, forms of costing and estimating term budgets scales economics. Role of theory in economic analysis. The structure of Nigeria’s economy, agriculture versus industry. Natural resources, free enterprises; centrally planned and mixed economic system.

BUS 2206 – MACRO ECONOMIC THEORYIntroduction to macro-economic models, income and employment determination, consumption functions, capital investment. The classical Keynesian and Monetarist systems compared and contrasted. Monetary and fiscal policies, the level of economic activity and domestic economic stabilization. The price level; inflation and price control.

EST 2203 – BUILDING CONSTRUCTION AND MATERIALS IIDetailing of elements of building, D. P. C ground and suspended floor, load bearing walls. and non-loading bearing walls. Roofs and functional requirements, walls/floors different types. Doors windows types and functions. Manufacture, type, nature, properties defects uses, statutory controls.

EST 2202 – LAW OF TORTSDefinitions and forms of tortuous liability, forms of trespass, battery, assault and false imprisonment. The concept of negligence and duty of care, professional negligence by estate surveyors and valuers. Nuisance types, scope, limitations and deficiencies.

GSS 1203 – NIGERIAN PEOPLES AND CULTUREGraphical location of Nigeria, origins and migrations of the major ethnic groups like the Fulani, Hausa, Ibibio, Yoruba, Igbo, Edo etc. Social and political organization of each ethnic group and the political relationships between the groups. Their

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performing arts, their language, social political institutions, their economic activities, problems of National unity and the military in politics.

THIRD YEAREST 3101 – PRINCIPLES OF VALUATION ILanded property as an investment; basic principles of valuation; the investment valuation process; valuation of determinable incomes and profit rents; valuation of deferred and varying incomes. Analysis of rental value and market value; the effect of tax on income and yields. Principles and methods involved in the valuation of virtual rents and premiums.

EST 3102 – ELEMENTS OF LAND LAW IThe principles of English land law; historical outlines of the development of freehold and leasehold estate and interests and legal and equitable estates and interest in land; pledges and pawns mortgage and their nature.

CSC 1101 – COMPUTER APPLICATION IN ESTATE MANAGEMENTIntroduction to computer hardware and software; practical exercises geared towards consolidation of students’ understanding of computer application in estate management; introduction to software which are of direct application to property management. Facility management, investment analysis and valuation. Practical exercises on analysis of data using computer software packages e.g. SPSS, STATPACK. Advanced computer techniques in estate management including software for projections simulations and modelling.

EST 3103 – PROPERTY RATING AND TAXATION ITaxation as a planning tool; explain various property tax laws – income tax, inheritance tax, estate duty, capital transfer tax, capital gains tax, urban development tax; tax administration; taxation and fiscal policies; field trip.

EST 3104 – LAND ECONOMICS IMeaning and concept of land; scope of land economics and classification of land uses; classical theories of land values and land rent; land tenure system; theories of location and urban land use decision; economic returns to land; demand and supply for land.

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URP 3105 – PRINCIPLES OF TOWN AND COUNTRY PLANNING INature, scope and objectives of town and country planning. Emergence of planning legislation and control. The urban structure. The component of urban road, components of residential area.

ARC 3105 – BUILDING SERVICES AND MAINTENANCE IIntroduction to public health hygiene. Internal environment comfort standards, lighting and ventilation water services sources hot and cold water services, reservoir and mains treatment and filtration. Distribution of cold water. Circulation in urban and rural areas. Storage of cold and hot water principles of sewage. Agencies involve in maintenance, alterations, conversion and improvement to buildings, design defects and remedies, structural surveys of buildings, maintenance of all types of buildings and services.

EST 3105 – ARBITRATION AND AWARDSThe nature of arbitration; its origin and application to valuation; the arbitration act of 1950; the arbitration agreement; conduct of an arbitration; act reference to an arbitration by consent, powers and duties of an arbitrator; procedures in Arbitration awards; proceedings subsequent to awards and the cost of award, except witness and proof of evidence; Principles governing the validity of an award; Reference under order of court.

EST 3201 – PRINCIPLES OF VALUATION IIAnalysis of Sales and Lettings of freehold and leasehold interest in landed Property; Valuation of Goodwill; Valuation of Shares in properties; Valuation for different purposes (mortgage, insurance, sales, break-up); surrender and renewal of leases; valuation of future capital receipts and payments.

EST 3202 – ELEMENTS OF LAND LAW IIThe role of land in indigenous Nigerian society and economy. The nature of land holdings, creation of family ownership. Incidents of family ownership, customary forms of alienation. Dealings with family property. Compulsory acquisition and state grants. Registration of title of family lands.

EST 3203 – PROPERTY RATING AND TAXATION IIEvolution of property rating in Nigeria; concepts and features of rating; the procedures for assessment and methods of rating assessment, rating administration; the appraisal of the present rating system in Nigeria; site value rating; field trip.

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EST 3204 – LAND ECONOMICS IIMicro and macro economics problems; competing and conflicting land uses; land value determinants; property market; land resources characteristics and the and location factor affecting land use; theories of urban growth; conservation of land resources; public measures for directing land use; institutional impact on land use.

EST 3205 – PRINCIPLES OF PROPERTY DEVELOPMENTRationale for property development; challenges of property development; property Development Process; Development Team; site development and analysis; techniques in property development; estate Services/Facilities; field trip.

EST 3206 – ENVIRONMENTAL RESOURCE ECONOMICSConcepts of environmental resource economics – sustainable development, carrying capacity, total economic value, renewable and non-renewable resources; history of economic thought on natural resources and the environment; property rights and resource use, the current global national and local environmental problems – degradation, pollution, resource depletion, ozone layer depletion, global warming, biodiversity conservation, the environmental policy analysis – national environmental policy,

URP 3205 – PRINCIPLES OF TOWN AND COUNTRY PLANNING IIStudy of urban structures with specific reference to residential area and city centre. The structure of residential area density – its determinations and control, town centres; the structures and components, open space and leisure.

ARC 3105 - BUILDING SERVICES AND MAINTENANCE IIDrainage system, septic tanks and soak-aways, cess pools, central sewage systems, sewage treatment, systems design, environmental sanitation principle and waste disposal, energy conservation and management. Course effectiveness in energy conservation and management; water supply system; maintenance cycle for different types of buildings; planning maintenance resources; building maintenance problems; preparation of schedules off condition and dilapidation, maintenance audit and specifications, structural surveys of buildings.

YEAR FOUREST 4101 – PRINCIPLES OF PROPERTY MANAGEMENTConcept of property management – objectives of property management; basic strategies for property management, functions and responsibilities of property

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management department, guidelines for management of properties, factors influencing the use and management of properties; rationale for property maintenance – common defects in building, property management control – occupation control, lease control on sales of property, control of easements; financial control – revenue accounts, capital account and budgets; estate records; management of public and private estate; field trip.

EST 4102 – ESTATE AND DEVELOPMENT FINANCEDevelopment Budget; Development Finance; the urban development banking system; loan indications in estate development, loan amortization and repayment period; in private and public housing development; finance of public utilities, infrastructures and services;

EST 4103 – COMPARATIVE LAND POLICIESThe rationale for land use policies, the nature of land policies in developed and developing countries; rationale for land reforms in selected countries, economics of land reforms, the nature of customary tenure in the economic and social structures in selected countries in Africa; social and legal theories of property; an overview of land policy in Nigeria.

EST 4104 – PLANT AND MACHINERY VALUATIONDefinition and identification of plant and machinery, survey and determination of functional and economic lives and efficiency of plant and machinery. Various purposes for which plant and machinery evaluation may be required. The valuation process – inspection survey, methods of valuation; preparation of asset/inventory register; factors affecting the value of plant and machinery. Different methods of valuing plant and machinery.

EST 4105 – URBAN ECONOMICSIntroduction; Location Factor Affecting Land Use; Urban Growth; Urban Land Use Controls; Concepts of Efficiency and Elasticity of Land in Response to Impacts; Forecasting Urban Land Use Demand.

EST 4106 – RESEARCH METHODOLOGYNature and Scope of Research; Scientific Foundation of Research; Research Design; Measurement: Design and Procedure; Sample Design; Data Collection Method; Data Analysis and Interpretation.

EST 4107 – FACILITIES MANAGEMENT

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Introduction; Facilities Management Practice; Facilities Quality Management; Facilities Management Support Services; Facilities Information Management System; Application to Management in Nigeria.

EST 4108 – PROJECT MANAGEMENTDefinition of project, project planning, control and management; the theoretical framework of project management; uses of project management; selection/organization of project/personnel; project planning/management techniques, conflict management, management appraisal and control of project from conception to completion; critical path analysis; PERT; bar chart, etc, field work.

EST 4201 – STUDENTS INDUSTRIAL WORK EXPERIENCE SCHEMEIt is considered in this programme of studies that before student goes out of SIWES, he is heavily equipped with diverse theoretical and practical issues in Estate Management and related fields. It is expected that upon successful completion of the programme, SIWES report by students and the defence are therefore essential.

YEAR FIVEEST 5000 – PROJECT DISSERTATION IProblem Identification; Formulation of Hypothesis; Literature Review; Research Methodology and Data Collection Techniques/Analysis.

EST 5101 – ADVANCED VALUATION IModern and traditional methods of investment valuation; Valuation of specialized properties – petrol filling station, cinemas, hotels, agricultural estates, sacred grooves; effect of legislation on valuation practice; merger and marriage valuation; cost-in-use valuation; field trip.

EST 5102 – LAND USE AND RESOURCES DEVELOPMENT IConcept of land use and resources, the meaning of land in social, economic and legal theories, classification and problems of land; human settlement and land use - growth, structure and land pattern of human settlement, the influence of climate, economic development, social order, land tenure and communication in the use of land; land use management – concept of resource management, classification of resources, resource development and utilization; proprietary land capital and income; obsolescence and Urban renewal including the relocation problem; economic problems in slums clearance and town centre re-development.

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EST 5103 – APPLIED PROPERTY MANAGEMENT IProperty management economics and planning – regional and neighborhood market analysis, specific property analysis, analysis of owner’s objectives; financial planning reports; marketing management; techniques in managing residential, office, industrial and specialized properties, legislation affecting property management; field work.

EST 5104 – FEASIBILITY AND VIABILITY STUDIES IThe Concept of Feasibility and Viability Appraisal; Feasibility and Viability Surveys; The Concept of Decision Appraisal; The Scope of Project Appraisal; The Nature of Investment Projects; Techniques of Investment Appraisal.

EST 5105 – ENVIRONMENTAL IMPACT ASSESSMENT IConcepts of environmental impact assessment – impact assessment, environmental inventory, environmental impact statements, environmental auditing, environmental evaluation report, goals of impact assessment in Nigeria, pre and post impact assessment; the evolution, current practice and shortcomings of the three environmental impact assessment operating in Nigeria – Decree No. 82 of 1992, Decree No. 88 of 1998 and the petroleum Act; the Nigerian environmental policy; the role of impact assessment in planning and management; the impact assessment process.

EST 5106 – MINERAL VALUATIONDefinition and basic characteristics of common minerals. The legal, political, economic and physical bases of mineral ownership, exploitation, processing and marketing and the impact of mineral values; methods of valuation of different mineral for different purposes

EST 5000 – PROJECT DISSERTATION IIPurpose of Project Dissertation; Identification of Problem; Collection of Data/Analysis Technique; Produce the Complete Work neatly; Present the Project to the Supervisor; Defend Issues raised from the Project.

EST 5201 – APPLIED TOWN/COUNTRY PLANNING IIMarket data approach and the application of statistical techniques in valuation practice; statutory valuations; residual/developmental valuation; modern data approach; valuation of specialized properties; residual/developmental method of valuation; double sinking fund; Field Trip.

EST 5202 – LAND USE AND RESOURCES DEVELOPMENT I

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Population characteristics and land area ratios; problem of population and resource allocation; the exploitation of natural resources – the effect of technology on land use, impact of land use on the environment in Nigeria; actors on the management of land use and resources in Nigeria; land use structure in Nigeria; proprietary land use resources, urban renewal and town centre redevelopment; land use planning policies; national land use and resource development policy – an overview;

EST 5203 – APPLIED PROPERTY MANAGEMENT IILease management; managing maintenance and construction; managing reports and insurance; conservation of property; dilapidation and maintenance; housing management; field trip.

EST 5204 – FEASIBILITY AND VIABILITY STUDIES IIInvestment Decision Process; Statistical Analysis in project appraisal; Viability Appraisal Techniques; System Analysis/Cybernertics; Monitoring and Evaluation of Project.

EST 5205 – ENVIRONMENTAL IMPACT ASSESSMENT IIValuation of environmental damages for various purposes; historical perspectives of an environmental damage assessment in Nigeria and other countries of the world; the effects of environmental degradation on human beings, floral and fauna, land, water and air; environmental damage valuation techniques; effect of oil spillage and gas flaring on the environment and the valuation thereof.

EST 5206 – PROFESSIONAL PRACTICETechniques and Purposes of Report writing; methods of report writing; estate surveying profession; functions of the estate surveyor and valuer; professional negligence and misconduct; professional ethics, the estate surveyor and valuer as expert witness; setting up an office; field work.

EST 5207 – PORTFOLIO MANAGEMENTIntroduction; property investment risk; property investment performance; methods of performance measurement; portfolio management potentials; property productivity analysis - markets areas, neighborhoods & districts; market analysis.

EST 5201 – APPLIED TOWN/COUNTRY PLANNING II

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estate management handbook.doc

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