Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,120 members, 7,953,462 topics. Date: Thursday, 19 September 2024 at 04:42 PM |
Nairaland Forum / Nairaland / General / Properties / Documents You Must Be Conversant With Before Getting Any Land Property. (977 Views)
Things To Consider And Investigate Before You Buy Any Land In Nigeria / Documents You Must Know In Real Estate Business / Land Documents You Need To Understand Before Investing In Real Estate (2) (3) (4)
Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 5:59pm On Aug 13, 2017 |
YOU MUST MAKE SURE TO BE CONVERSANT WITH THESE VARIOUS DOCUMENTS BEFORE GETTING ANY PROPERTY. 1)Survey Plan. 2)Deed of Assignments. 3)Excision. 4)Gazette. 5)Certificate Of Occupancy (C of O). 2 Likes 1 Share |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 6:11pm On Aug 13, 2017 |
SURVEY PLAN A Survey plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of that land. A survey plan must contain the following information: 1. The name of the owner of the land surveyed 2. The Address or description of the land surveyed 3. The size of the land surveyed 4. The drawn-out portion of the land survey and mapped out on the survey plan document 5. The beacon numbers 6. The surveyor who drew up the survey plan and the date it was drawn up 7. A stamp showing the land is either free from Government acquisition or not The pictures on what a survey plan look like below.
|
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 6:13pm On Aug 13, 2017 |
DEED OF ASSIGNMENTS A Deed of assignment is one of the transactional documents drawn up by a real estate attorney between the current title holder for a particular property and the new buyer. In real property transactions, a deed of assignment is a legal document that transfers the interest of the owner of that property to the person to whom it is assigned, (the assignee). When ownership is transferred, the deed of assignment shows the new legal owner of the property. The deed contains very pertinent information for a real estate transaction. It spells out the date when the ownership of the property was transferred from one owner to the other. The deed also gives a specific description of the property that is included in the transfer of ownership. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 6:19pm On Aug 13, 2017 |
EXCISION An Excision means basically taking apart from a whole and that part that has been excised will be recorded and documented in the official government gazette of that state. In other words, not having an excision means the land could be seized by the Government anytime without compensating you, even if you bought it “Legitimately” from the Baale or the Original dwellers on the land. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 6:25pm On Aug 13, 2017 |
GAZETTE A Gazette is an Official record book where all special government details are spelt out, detailed and recorded. A Gazette will show the communities or villages that have been granted excision and the number of acres or hectares of land that the government has given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public and not anything outside those hectares of land given or excised to them. A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the Villagers. A community owning a Gazette can only sell lands to an individual within those lands that have been excised to them. The community or family head of that land has the right to sign your documents for you if you purchase lands within those excised acres or hectares of land. If the government based on some reasons best known to them decides to revoke or acquire your land (when it is located within a gazetted area), you will be entitled to compensation. The best way to know whether a land is under acquisition or falls within an excised/gazetted area is to get a surveyor to chart the site and take it to the surveyor general’s office to do a land search. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 6:29pm On Aug 13, 2017 |
CERTIFICATE OF OCCUPANCY A Certificate of Occupancy, also known as the C of O is a document issued by state governments in Nigeria to landowners and property buyers as a legitimate proof of ownership. A Certificate of Occupancy (C of O) officially leases land to you, the applicant, for 99 yrs. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 6:32pm On Aug 13, 2017 |
These are the important documents a prospect should be aware of before purchasing a property,it can be either land or building. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by ShafebProperty(m): 8:22pm On Aug 13, 2017 |
what about consent? |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 2:41pm On Aug 14, 2017 |
ShafebProperty:Consent is an act of going into an agreement with the estate/agent you want to get the property from but those documents listed above is very Paramount. Consent given after being provided with fair and full disclosure of all the facts necessary to make an intelligent decision after weighing the relative pros and cons related to the property. It anyway helps to reduce fraud, mistake, undue influence.etc |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 2:48pm On Aug 14, 2017 |
Land Classification Land can be classified as either free or acquired. A parcel of land is considered free if the government has not indicated any interest whatsoever in that land. Such land is safe to buy because the title on the land can be perfected without issues. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by ShafebProperty(m): 5:19pm On Aug 14, 2017 |
smiliyB: thank you, meaning consent is different from " GOVERNOR'S CONSENT" |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 10:43pm On Aug 14, 2017 |
[quote author=ShafebProperty post=59472169] Since you know it very well,what's the aim of asking about...I drop all those info for the novice that want to get a property. Information is the Key. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 11:43am On Aug 15, 2017 |
There are two types of Land Acquisition: 1. Committed Acquisition 2. Global / General Acquisition. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 11:44am On Aug 15, 2017 |
Committed Acquisition A parcel of land is said to be under committed acquisition when the government has indicated an intention to use that land for a specific purpose such as provision of amenities. Such lands belong to the government and can never be available for use by individuals. If you purchase land that is under committed acquisition, it will be impossible for you to perfect your land title and you’ll only be occupying the land until the government decides it needs to make use of it. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 11:48am On Aug 15, 2017 |
Global or General Acquisition Lands that are under “general acquisition” or “global acquisition” can later be confirmed “free” or “committed” as the case may be. A land under general acquisition can become free by a process called excision. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 11:52am On Aug 15, 2017 |
“EXCISION is a process whereby the government releases a portion of an expanse of land that is not committed” If a parcel of land that was formerly under acquisition becomes excised; it is then considered free and becomes gazetted. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 11:54am On Aug 15, 2017 |
The Gazette then becomes the title of the land and such land is safe to buy because a proper title can be processed on the land. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 9:56am On Dec 19, 2017 |
Important documents in Real Estate. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by kalu61(m): 1:20am On Apr 23, 2018 |
smiliyB:wow, this is educative. l want to build a career in real estate. I finished service last year and will like you to avail me any write up or post that will help me in this regards. your experience will be welcomed |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by smiliyB(f): 8:19am On Apr 24, 2018 |
kalu61:Alright dear,that will be great.you can pm for more information. |
Re: Documents You Must Be Conversant With Before Getting Any Land Property. by kalu61(m): 9:35am On Apr 24, 2018 |
smiliyB:l will. Thanks |
(1) (Reply)
Properties For Rent And Sale / Hottest Property Listings Available... / Cheap Dry Land With C Of O At Royal Arcade Estate, Awoyaya, Lekki. N6m
(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. 25 |