R Of O And C Of O. What's The Difference ?

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Nairaland Forum  |  General | Welcome  |  Properties (Moderator: lawyer)  |  R Of O And C Of O. What's The Difference ?
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Author Topic: R Of O And C Of O. What's The Difference ?  (Read 380 views)
Waserock
R Of O And C Of O. What's The Difference ?
« on: February 14, 2008, 06:00 PM »

I've bought a piece of land close to Mararba, Karu LGA in Nasarawa State and the former owner has surrendered to me his original R of O. 
How do I change the title to my name ? Do I really need a C of O? The land is situated .
Waserock
Re: R Of O And C Of O. What's The Difference ?
« #1 on: February 15, 2008, 01:28 PM »

Quote
I've bought a piece of land close to Mararba, Karu LGA in Nasarawa State and the former owner has surrendered to me his original R of O. 
How do I change the title to my name ? Do I really need a C of O?
Pls what's the difference between the 2 ? Someone told me if the land is not in an urban area, R of O wolud suffice. But I've seen someone whose land is in Abuja given an R of O. Can someone pls help with some clarifications? Does a C of O add any economic value value?
hakir
Re: R Of O And C Of O. What's The Difference ?
« #2 on: February 18, 2008, 09:41 AM »

right of occupancy R OF O is just an offer while a C OF O certificate of occupancy is certified right of your ownership of the said land.

r of o is a weaker title to land and vulnerable while c of o is a superior title and secured. r of o could revoked without compensation while  c of o is compensated for.

so its very important to perfect your land title to c of o after an offer of r of o is given to you. that is why most land buyers are very concern on the title as a c of o always attracts a higher value.

when given an offer of r of o, a premium sum is attached to the offer to be paid for perfection to c of o.


so u can go to the relevant land authority to clarify and get urself more informed.

thanks


hakir

onivehu2000@yahoo.com   
Waserock
Re: R Of O And C Of O. What's The Difference ?
« #3 on: February 18, 2008, 01:10 PM »

@hakir,
Thanks a million. I'm now better informed.
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