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What You Must Know Before Investing In Landed Property In Ibeju Lekki - Investment - Nairaland

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What You Must Know Before Investing In Landed Property In Ibeju Lekki by genuinelands: 7:44pm On Apr 12, 2018
Before You Buy That Land…
Six Key Documents To Ask For When Buying land in Lagos

The following are the crucial documents you need to ask for:

Receipt
Approved survey plan
Approved layout
Power of Attorney
Deed of assignment
Certificate of Occupancy (C of O)
Now these required documents vary according to person(s) you are buying the land from. There 3 categories of persons you can buy land from and they include:

An Estate Developer
An individual &
Directly from the family who claims to owns the land


What to Ask from the 3 Categories of Land Sellers

An Estate Developer: Ask for the approved survey plan, approved layout, the power of attorney and the global C of O
An individual: From an individual or company who has bought and wishes to resell, ask for the receipt, deed of assignment, approved survey plan and C of O.
Directly from the family who claims to owns the land: Buying directly from the family who claims to own the land has its own hassles and worrisome challenges.


This is especially because of the fact that there are a number of members who can lay claim to ownership of the land and could anytime act out something funny.

So most times it is hard to determine the true owners of the land especially when the documents showing ownership haven’t been processed.

Check out how to verify a land in Nigeria.

Where the documents for the land under purchase haven’t been processed, that means that there are no documents to show authenticity of ownership. A prospective buyer has to depend a great deal on word of mouth from the members of the community to ascertain the true owner(s) of the land under purchase.



However, when the documents have been processed, then you should request for the following documents: approved survey plan, approved layout (where the land is a large one and is being sold on a per plot basis) and the C of O.



From my experience, families usually don’t go to the length of processing their C of O. Reason being that they hope to sell off their land in the near future thus only do the absolute minimum required to show authenticity, in this case the approved survey plan and layout, then passing it on to the buyer who would go on to perfect his/her title on the land.

While this might be the necessary document for acquiring a land in Lagos, Nigeria it is very important that you have a good property lawyer before embarking on land/property purchase. This is important so that the lawyer can properly verify the claims to the documents for the land and to avoid getting into trouble with property documents after purchase. Check list of properties with good titles.


Contact NewAge Global Homes for your Hot Ibeju Lekki /Ajah/Lekki and Magodo properties.

Commercial plots available upon request.
What are you waiting for, come and seal the deal. (Affordable and negotiable)

For exceptional service, please reach me us on +2349093323310, +2348038484069
Some of our Hot Selling Properties
1. Amen Estate Phase 2, Eleko @ 12m per plot – CofO
2. VIP Gardens Lakowe, Ajah @ 9.5m – CofO
3. Summits Home, Sangotedo @ 13m – CofO
4. Summit Home, Osoroko, Ibeju Lekki @ 5m - CofO
5. Magodo Height, CMD rd Magodo - @ 40m – Deed of Conveyance

1 Like

Re: What You Must Know Before Investing In Landed Property In Ibeju Lekki by genuinelands: 2:05pm On Apr 25, 2018
Dont be misguided
Re: What You Must Know Before Investing In Landed Property In Ibeju Lekki by genuinelands: 2:25pm On Apr 25, 2018
Dont be misguided.

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