Residential property tenancy failure: the case of Ilorin metropolis, Nigeria
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Date
2023-06-01
Journal Title
Journal ISSN
Volume Title
Publisher
Tropical Journal of the Built Environment, College of Environmental Sciences, Joseph Ayo Babalola University, Ikeji Arakeji, Osun State, Nigeria.
Abstract
The ability to sustain a tenancy is a key factor in maintaining stability for both individuals and
families and the costs to those suffering tenancy failures encompass the whole of their lives.
This study examined tenancy failure in the residential property market of Ilorin metropolis,
Nigeria. The study adopted a survey research approach using structured questionnaires as
instrument of data collection. Primary data were mainly employed and sourced from the
sampled tenants within the metropolis. The data collected were analysed using mean scores
and percentage; Cronbach Alpha, Factor Analysis and Relative Important Index. The study
revealed, among others, that greater numbers of tenants in the study area have experienced
tenancy failure at least once. The major causes of tenancy failure in the study area include
breach of tenancy agreement, moving to own house, discrimination, and insecurity. The study
also found that homelessness, loss of rent to landlord, and high cost of resettlement were the
major consequences of tenancy failure in the study area. The study recommended, among
others, that the identified causes and consequences of tenancy failure in this study should be
given proper attention by the landlords, government, property managers in their decisionsmaking
processes.
Description
Keywords
Ilorin metropolis, Nigeria, Rental value, Residential property, Tenancy failure, Tenant