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
1.0Â Â Â Â Â Â INTRODUCTION
1.1Â Â Â Â Â Â Â 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.
