EFFICACY OF ALTERNATIVE DISPUTE RESOLUTION TECHNIQUES ON PROPERTY MANAGEMENT IN LAGOS METROPOLIS
Abstract
ABSTRACT
In disputes resolution. The study has recommended among others that ADR should be enriched in
all real estate management and investment contracts and that all the stakeholders in real estate
business should take advantage of the flexible multi-level ADR clauses to better to better the
chances of dispute resolution along the real estate value chain. The occurrence of disputes in
various forms of human interactions has increased in complexity and has assumed a disturbing
dimension in recent times. Due to uncertainty surrounding dispute resolution through litigation,
professionals in the various disciplines are always seeking for alternative and innovative ways
through which risk of disputes that arise in the course of business transactions and professional
and professional activities can be resolved without recourse to litigation. The objective of the study
is to efficacy of alternative dispute resolution techniques on property management in Lagos
metropolis and the adoption of Alternative Dispute Resolution techniques as innovative
approaches to real estate investment and management dispute resolution thereby mitigating
disputes risk impact on real estate investment. Utilizing content analysis of cases in real estate
investment sourced some ADR results showed among others that there were huge loss of
investment in real estate, tribal tension, discrimination and damaged business relationships
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