AN EFFECT OF MAINTENANCE NEGLIGENCE ON REAL PROPERTY VALUES (A STUDY OF OSINULO SHOPPING PLAZA, UMUAHIA)

This research work is made as to evaluate the effect of maintenance negligence on real property values, a case study of Osinulo shopping plaza in Umuahia South Local government Area of Abia State. The research work sought to achieve the following aim. Provision of special fund for maintenance by government and, property owners, Renovation and modification of buildings. Data collected for the research work were made up of both primary and secondary data. The primary data include questionnaires, personal or oral interview and observations while the secondary data for the research work include textbooks, journals, library, Internet, newspaper, magazines, conferences and seminars. To achieve these study two hypotheses were introduced and used by the researcher using the chi-square (SheX^2She) method. In the entire test, null hypotheses (SheH_0She) were automatically rejected and the alternative hypotheses (SheH_1She) were accepted as all the completed values of (SheX^2She) were greater than the critical value of (SheX^2She). This revealed that maintenance negligence on real property value have a negative influence on Osinulo shopping plaza, Isi-court in Umuahia South Local Government Area of Abia State. Government and property owners should therefore create a standard care for building inspections which has been articulated by the law. Government and landlords should appoint a qualified member of estate surveyors and valuers in managing, providing and carrying out construction, improvement on building, managing and developing estates and other business concerned with management of landed property.