Tag - legal documents

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Must have documents when buying land in Nigeria
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What to know before buying land in Nigeria.

Must have documents when buying land in Nigeria

Buying land in Nigeria is one of the common property law transactions, which is administered by various legislation depending on the jurisdiction in Nigeria. Conveyance, as it is known, is the process by which ownership of land is transferred between a seller and a buyer. This can include both residential and commercial land transactions.

Thus the most common way of proving ownership of a land is the production of a document of grant or title. This method entails providing any of the following document; Deed of Assignment/ conveyance, a Deed of gift, a legal Mortgage, and a Certificate of Occupancy. As such it is important that a person intending to buy a land must make sure to instruct his lawyer to perfect the title of the land or property.

 

DOCUMENTS REQUIRED FOR LAND PURCHASE IN NIGERIA.
During the process of purchasing a land, there a number of crucial documents required from the seller in order to effectively validate the transaction. These documents are necessary as they are evident of title which the buyer possesses in relation to the land. It is important to note that there are different types of land documents in Nigeria. These documents include: Read More

What to know before buying land in Nigeria.

When purchasing land or property in Nigeria, a prospective purchaser of any property (or normally his solicitor) should have two main concerns:

First, he or she must be sure that the vendor of the property is really entitled to sell it. Thus, the buyer must first insist that the vendor proves that his legal title to the land is good and that he can pass to the purchaser the land/ property which he is offering to sell.

Secondly, the purchaser will want to know whether any third parties have rights to the land which might interfere with his intended use of it. These third-party rights might include covenants restricting usage, a right of way, tree preservation order, or even mortgages.

Concerns about these matters will lead the purchaser or his representatives, to make extensive inquiries before the purchase of the property is finally concluded.


There are however many factors one needs to consider before buying a land in Nigeria these ranges from:


i. The size of the land,
ii. The soil type,
iii. The location of the land which is very important,
iv. The purpose which the land will be used for,
v. Accessibility of such land i.e proximity to access road,
vi. The price of the land,
vii. The legal papers available in respect of the land,
viii. The environment, as well as the security conditions of the area, should be well evaluated before engaging in such a transaction.
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