Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,747 members, 7,955,845 topics. Date: Sunday, 22 September 2024 at 04:52 PM |
Nairaland Forum / Nairaland / General / Properties / How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself (20572 Views)
COMMANDMENT BEFORE BUYING A LAND IN LAGOS OR ANYWHERE / Photos: Mansard Building In VI Lagos On Fire / Land Taxes That Could Bankrupt You If Your Not Aware Of Them (2) (3) (4)
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by akonucheinfo(m): 1:29pm On Apr 01, 2013 |
lawyer: Every day I get phone calls and emails from people stating their intention to buy lands and ask me to recommend lands for them to buy that I think is a good deal and has no Omonile Wahala but we all forget something and that is the cost implications of purchasing a land. A lot of people think if they have one amount of money set aside in a bank, that covers the amount to purchase a land in Lagos and the rest is history. ============================================================================================== Hello! People thanks for this threand! i have some questions to ask, just to be sure if am on the safe side. As at 2008, i & 2 other persons joined to buy 1&half plots of land. The Landlord said he will issue one receipt from his company to cover the land in one persons name and handover the document to that person. then, we can decide how to share the amongs ourselves. So the land receipt was issued to the eldest amongst us and all the land document given to him. after which, the 3 of us came together, typed an agreement stating that the land was jointly bought and then we devided the land in halfs. As for me, the documents i have with me to show that i own a half plot out the total land is as follow: 1. Omo onile original receipt 2. Our jointly signed land agreement 3. other photocopies of the ex-landlord documents and survay. for financial reasons, i am still developing the land bit-by-bit. lawyers in the house, please help verify if am in the right side. and also advise possible documents that i can obtain from the government, if necessary. thanks |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by Nobody: 1:30pm On Apr 01, 2013 |
Nice write up..the rule is give to caesar what is his and to paul what is true to him. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by Nobody: 2:48pm On Apr 01, 2013 |
IN NEED OF A STORE,A SELF CONTAIN,A MINI FLAT,A THREE BEDROOM FLAT,OR IN NEED OF A PLOT OF LAND IN AJAH AREA OF LAGOS STATE WIT NO HASSLES OR DESIRE A MANAGER OF PROPERTIES..CONTACT LEXSITUS PROPERTIES TODAY ON lexsitus13@yahoo.com or call or send a message to 08180782160/08124715735. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by badesco(m): 5:07pm On Apr 01, 2013 |
If u actually work for that N10 Million then you would not be looking for a short cut that could land you in to jail. do the right thing. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by creativemusic: 5:31pm On Apr 01, 2013 |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by ruggedlaw(m): 5:57pm On Apr 01, 2013 |
Joe980: @Lawyer...please what is the difference between Governors consent & C of O?C of O is what the government issues to you when you purchase a land directly from the government especially through direct government allocation or when you purchase a land that has never been registered, or the document perfected at the land registry, especially those that are not under government excision. Consent however is what you are granted when you purchase a land that already had a C of O or under excision,i.e a land formally acquired by government but later released to the community. In this case form 1C should accompany your application. Hope this attempts to answer your question. 2 Likes |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by helpee(m): 6:06pm On Apr 01, 2013 |
lawyer:thanks the law. concerning the bank loan, u can use the ppty u want to purchase as collateral strictly under mortgage loan and it is allowed and legal but the bank will not give u d loan but will buy the ppty for u after u contributed ur equity and will ensure the deed is signed and u will give them d power of attorney to sell the land if u default so the loan is very legal and wud av gone thru if i wanted. the template was written by a lawyer for that firm so the name of the lawyer is on the front page. they just change the ppties to reflect the land. concerning the two deeds i will discard the other one cos i am not comfortable with it too but she said it was a norm. tnks all the same |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by helpee(m): 6:07pm On Apr 01, 2013 |
lawyer: |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by Akiika: 6:20pm On Apr 01, 2013 |
Emmy Boy: @helpee, by using a template on deed of assignment to prepare yours without engaging a lawyer, you have just committed FORGERY. Every deed should be FRANKED by the lawyer who prepared it,stating full names,address,phone number and signature so how did you get around that? My guess is that you used the details of the lawyer on the precedent you used! You may get away with this,but if any smart alec tries that with me and I get wind of it,the sorry fellow would end up in jail period! I have nothing personal against you, but services of professionals must be engaged and paid for always,no cutting of corners! Na by force to patronize lawyer?...as much as i condemn forgery (if this is the case) individuals should be able to draft documents by themselves using a template and get it notarized to make it legal. Good threads like this should encouraged especially when it'll help people save money. Although we may not be able to compare Naija to US directly, but you can get a lot of things done by yourself if you do a little bit of research....cost of services here is crazy. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by helpee(m): 6:41pm On Apr 01, 2013 |
Akiika:never mind him jare. He seems not to understand what his learned colleagues are doing. A lawyer prepared that document for that firm at a fee and he is much aware they are using his template. ive cross checked my transactions very well and it is very much in order save for the two drafts. i only tried to save cost and i did it legally so far though u may not agree with my method but i know i am very much on a save side. cheers |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by akonucheinfo(m): 8:04pm On Apr 01, 2013 |
ruggedlaw: C of O is what the government issues to you when you purchase a land directly from the government especially through direct government allocation or when you purchase a land that has never been registered, or the document perfected at the land registry, especially those that are not under government excision. Consent however is what you are granted when you purchase a land that already had a C of O or under excision,i.e a land formally acquired by government but later released to the community. In this case form 1C should accompany your application. Hope this attempts to answer your question. ============================== if i understand you rightly, if i purchase an already owned land. i will need to obtain Cof O and not governors cosent Please what does it take to obtain CofO? i mean the processes and cost .tnx |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by EmmyBoy2(m): 11:44pm On Apr 01, 2013 |
@ Akiika and helpee. Its not by force to patronise lawyers, just as I still maintain what you did is plain forgery. U might be saving costs bt definitely would boomerang one day. U might get away with it now, not in some other land transaction. Are we clear on this? |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by helpee(m): 12:35am On Apr 02, 2013 |
Emmy Boy: @ Akiika and helpee. Its not by force to patronise lawyers, just as I still maintain what you did is plain forgery. U might be saving costs bt definitely would boomemif using a lawyer,s template under the permission of the lawyer is considered forgery then i wonder which of d law school u graduated from. At best u castigate ur colleague who is allowing them use his template. for ur information, any land deal can boomerang even with the best lawyers. at least patience jonathan, the wife of sitting president is in court with her immediate predecessor over land deals so its no big deal and its not as if u can write a new deed for every new transaction anyway. u people just copy and paste from ur laptop. everytime u go to a pharmacy to buy a prescription drug from pharmacist wtout doctors prescription do u know u commit forgery too. U all do it to other professionals while making us believe if we do it to u it will boomerang. False. i know any land deal can boomerang b4 going in2 it so ur advice is best for ur pocket |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by visionsen(m): 6:45am On Apr 02, 2013 |
Nice one. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by akonucheinfo(m): 8:30am On Apr 02, 2013 |
sp2002: a land measuring 1227 squ. mtrs for sale. the land is situated inside abijo town, ibeju-lekki, lagos. it is about 2 nepa poles away from the express way. the land is owned by a medical doctor. N7m asking owned by a medical doctor? and so is it a degree land mtchewww |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by dockymich: 12:20pm On Apr 02, 2013 |
@helpee u stated that the name of the lawyer on the templates is also on your deed of assignment....let me ask u dis question how did u get his signature on ur documents? Was it given to him to sign( which I doubt very much) or was it forged? When we are sick we can research on the internet to know wat is wrong but we still need the services of a doctor no matter how convinced we are about the symptoms n remedies available to us A lawyer is needed cos there might be certain clauses in that templates that may not be applicable to your to own land and also interprete what certain terms means.... 1 Like |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by lanredo1(m): 5:25am On Apr 05, 2013 |
helpee: i just bought a land last week and based on ur numerous write up, i played a fast one on everybody. i bought it for 10million but i approached my bank ist for a loan using the C of O of the land as collateral so they did the search and only deducted 10k from my accnt for that. i didnt take the loan eventually. after forcing the landlord to come all the way 4rm portharcourt he signed d deed and form 1c and i got all the originals including c of o and survey and building plan, the agents came and i told them i tut they would only collect 50k for showing me d ppty but they were mad. eventually we settled for 200k which i hope to pay this week. i took a risk though. the surveyor had a template for deed of assignment and we changed all the titles to reflect the land so i didnt pay a lawyer. But the surveyor advised me to do two deed, one for 10million and one for 2million she said so that the cost if governors consent and land use wont be much at alausa. is it allowed? what is the legal and future implication of that?Hear yourself 'you played fast one on everyone' you think you are smart, you are far from smartness very far away from it! I don't have much to say here but I'm sad you just laid a faulty foundation for your land and the proposed building you want to put on the land. My advice to you is try to put things right. I'm sure it won't cost as high as the cost of purchase. A word is enough for the wise. 1 Like |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by adedara123(m): 3:35pm On Apr 09, 2013 |
akonucheinfo:go for c of o when the land has no c of o initially,go for gov's consent when it has c of o before you bought it. for more call 08022960248. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by CEOAyoStones(m): 1:37pm On Jun 26, 2013 |
Hello sir , my name is Ayobami.im into granite business here at blackstone construction company. l° would like to work with you in the nearest future. Bbm 21889C23..phone no;08079121097-08136794205. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by Nobody: 10:25am On Jul 01, 2013 |
nice one |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by esoorita: 7:56am On Jul 23, 2013 |
Lawyer, Please could you let me know what documents do I need to see from a vendor selling his land in an estate. Thanks for your help. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by realestatedeal(m): 11:57pm On Jul 24, 2013 |
well good advice from lawyer but the best of the advice is to buy from real estate companies precisely in any of their estates. The real estate operators has broken most of those hurdles prior to the time they acquired the estate from customary owners. Now no omo-onile, no community trouble and what have you. |
Re: How To Buy A Land In Lagos On A Budget And Not Bankrupt Yourself by esoorita: 7:31am On Jul 25, 2013 |
esoorita: Lawyer, Please could you let me know what documents do I need to see from a vendor selling his land in an estate. ThanksThe Law, I couldn't see your reply to my question because it came up as a hidden post on my screen. The gentleman that said the best advice is to buy from a real estate company, I do know that it's better to buy directly from the estate company but my question is about an estate that has sold out already and all the available plots now belongs to individuals that have bought from the estate company initially. Thanks. |
Nigerian House Plans: Innovative Architectural Designs With Affordable Budgets / House Burnt Down Because Of High Voltage In Iviegbo, Edo State / Ikorodu Houses Marked For Demolition By LASG; The Residents React
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 100 |