Estate

DESIGN AND IMPLEMENTATION OF A REAL ESTATE MANAGEMENT
SYSTEM
Abstract
Estate Managers typically set the service standard and are responsible for the hiring, training, and
ongoing management of staff required to meet the service needs of the household. In addition to
personnel management, the administrative functions are many. All related financial matters including
accounting, budgets, and payroll normally pass through the eatate manager’s hands. Based on the
size of the property the Estate Manager may wear many other hats. Depending on the nature of the
property, an owner of property has the right to
consume, sell, rent, mortgage, transfer, exchange or destroy their property, and/or to exclude
others from doing these things. A title, or a right of ownership, establishes the relation between the
property and other persons, assuring the owner the right to dispose of the property as they see fit.
Some philosophers assert that property rights arise from social convention. Others find origins for
them in morality or natural law. So, estate management system is needed to take care of keeping
records of the estate transactions in terms of allocation, transfer of property, revoke or sale of a
property. Maintaining such record manually will be cumbersome hence the need for an estate
management system that will automate all estate transactions.
The software will be developed to keep record of estate management system. Hence detail information
on property, location, ownership and amount to be paid as rate will be stored in a database for
accounting purposes. The software will be developed using visual basic 6.0.
CHAPTER ONE
1.0 INTRODUCTION
1.1 Background of the Study
Land use, land valuation, and the determination of the incomes of landowners, are among the oldest
questions in economic theory, Shavell (2004). Land is an essential input (factor of production) for
agriculture, and agriculture is by far the most important economic activity in preindustrial societies.
With the advent of industrialization, important new uses for land emerge, as sites for factories,
warehouses, offices, and urban agglomerations. Also, the value of real property taking the form of
man-made structures and machinery increases relative to the value of land alone. The concept of real
property eventually comes to encompass effectively all forms of tangible fixed capital. with the rise
of extractive industries, real property comes to encompass natural capital. With the rise of tourism
and leisure, real property comes to include scenic and other amenity values.
Starting in the 1960s, as part of the emerging field of law and economics, economists and legal
scholars began to study the property rights enjoyed by tenants under the various estates, and the
economic benefits and costs of the various estates, Epstein (2007). This resulted in a much improved
understanding of the:
Property rights enjoyed by tenants under the various estates. These include the right to:
 Decide how a piece of real property is used;
 Exclude others from enjoying the property;
 Transfer (alienate) some or all of these rights to others on mutually agreeable terms;
 Nature and consequences of transaction costs when changing and transferring estates.
1.1 Statement of the Problem
Keeping record in an estate concerning lands, buildings and their owners has been a great task to
government and the governed. Access to estate information proves difficult that most times people
are defrauded due to lack of property information. Illegal sales of lands and houses without the
consent of the owner are very common. Valuation of estate for the purpose of paying tax to
government is not achieved, hence the need for computerization of estate management system.
1.2 Aims and Objectives of the Study
The objective of this project is to develop software that will keep information on:
1. Land size in the estate
2. Land location in estate
3. Land or building owners in the estate
4. Land use information
5. 1.4 Significance of the Study
6. The project work will help in a good number of ways to make estate information available to
users. The software developed can:
7. o Keep a database of all the lands and building in the estate
8. o Enable retrieval of estate information
9. o Guide buyers on how to buy and who to meet
10. o Educate buyers on the type of land to build in an area for proper estate planning.
11. 1.5 Scope of the Study
12. This research work is limited to estate information storage and retrieval using ministry of
works and housing as a case study. The software developed will be carried out using Visual
Basic to manage the database.
13.
14. 1.6 Constraints and Limitations
15. Due to financial constraint, the information gathered was limited to house acquisition, usage
and property ownership laws. All aspects left out were due to time and financial constraint.
16.
17.
18. 1.7 Definition of Terms
19. Databases: A systematically arranged collection of computer data, structured so that it can
be automatically retrieved or manipulated. It is also called databank.
20. Fee tail. Under common law, this is hereditary, non-transferable ownership of real property.
21. Feudal land ownership, a system of mutual obligations under which
a royal or noble personage granted a fiefdom
22. Life estate. Under common law, this is an interest in real property that ends at death.
23. Leasehold or rental. Under both common law and civil law, land may be leased or rented by
its owner to another party; a wide range of arrangements are possible, ranging from very
short terms to the 99-year leases, allowing various degrees of freedom in the use of the
property.
24. Property is any physical or intangible entity that is owned by a person or jointly by a
group of persons.

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DESIGN AND IMPLEMENTATION OF A REAL ESTATE MANAGEMENT

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