Litigation: Such properties could be subject to court litigation, where aggrieved parties fight over. The new law guiding lands under litigation is that any other person who buys such land has bought case for himself. Such a person will be joined in the trouble.

Suretyship: Several land sellers have stood sureties and guarantors for indegent and bankrupt persons in court wherein the photocopies of the property documents have been deposited in court. The implication of this suretyship is that in case there is a failure, the properties will be forfeited. Several buyers have bought Properties which have been used to stand sureties.

Public acquisition: Most properties are on the government compulsory acquisition/Commitment. Such acquisition could be for future road construction, farming, public structure.

One seller, Multiple buyers: This is most prevailing factor in Lagos and Ogun State. Thorough inquiries should be made, especially among the neighborhoods and original documents should be requested for. Immediately the copies of the documents are secured, proceed to the requisite land registry or court to make your findings. Once the properties are purchased, go ahead to perfect your title immediately. Ownership of land is not determined by the first to pay, but the first to perfect title.

Devaluation: Most properties purchased are not subject to physical development in years soon. This is where an estate valuer comes in. He determine the State, value and future of the site before advising you.

Thank you.

Contact: Barr. Adeolu Ayo Aderinto, 08068088866; ay4u888@gmail.com.

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