It has been shown that institutional properties like staff quarters. Students hotels, among others are always not property managed. This has direct effect on the life span of the building it is, therefore, the aim of this dissertation to analysis how institutional properties are being managed, to combat the various problems confronting management of institutional property.
An institutional property is a type of property eligible for special treatment within package policies. This can include religious or charitable organizations, hospital and educational institutions.
1.0 INTRODUCTORY BACKGROUND
Right from time, food, clothing and shelter have been the three most basic requirement of man of all these three requirements, food and clothing are two which influence man’s life more than the house in which they seeks shelter, security comfort and dignity.
Education is very important in our societies, the teaming population and continuous dearth of resources for the provision of real properties especially in our tertiary institution of learning the need for the effective management of our available properties became more pronounced and cumbersome putting the management skills of the present property managers to task.
In recent time, total student enrolment into our various universities, polytechnics, colleges of education etc have increased several folds above their original projected capacity without a corresponding development of facilities to meet the demand. While it is a fact that there is a significant relationship between intensity of use and the rate of deterioration of real properties. It is also a fact that sound property management policies and its proper implementation could make the difference. Social scientist and educational have shown great concern on the nature of relationship between staff and their working environment and they are unanimous on the fact that conducive environment has a positive bearing on the ability of a staff to perform all things being equal.
Thus, it is very important to mention that the main aim of property managers in the management of educational properties should be to enhance the welfare of both the students, teaching staff and other supporting staff by ensuring that these properties are designed, constructed and maintained in sound, functional aesthetic and structural condition.
It is very important to put our institutional properties in a better use in order to make the environment conducive for learning and other activities.
1.2 STATEMENT OF PROBLEM
The deplorable conditions of most properties in our educational institution has been a subject of concern to both the government, student, educationalist and all progressive minded people alike. This appealling situation apart from being and affront to the dignity of the nation has been traced to have a significant contribution to the rapid and falling standard of education in Nigeria as student, lecturers and other supporting staff are often subjected to working, studying or living in structures/environment which could be described as pathetic.
Despite the billions of naira voted annually for the development and maintenance of these educational facilities. They are quite often poorly managed and this had led to the rapid deterioration of landed properties and infrastructure in most of our educational institutions.
It is helped that the findings of this study will be published in learned journals and be disseminated through media for the management of institutional estate in Nigeria.
– To emphasis on how our institutional properties should be properly managed to enhance their life span.
– To be used has a foot step on how a property can be well maintained or managed.
– The research work should be use in utilizing a new housing policies and encourage their implementation.
– It serves as a reference point for other researcher who may be interested in the same research work.