Thanks for the information. do you have an idea on how to go about it when buying Lagos Jakande estate from the owners

Sachiopropty:


Yes you can however our will still have to go perfect the land

kaykad01:
Thanks for the information. do you have an idea on how to go about it when buying Lagos Jakande estate from the owners

Yes what you have to do firstly is to do your search ,every information will be given to you same day .

www.sachiong.com is on the fast track to becoming a top real estate marketplace, allowing you to advertise your properties and services to the right audience.

Thanks boss, this is very comprehensive

Sachiopropty:


Differences between Right of Occupancy (R of O) and Certificate of Occupancy (C of O

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 be revoked without compensation while C of O is compensated for. Hence, it's very important to perfect your land title to C of O after an offer of R of O is given to you. That's why most land buyers are very concerned 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.
For clarifications, please visit relevant land authorities.

The right of occupancy is usually granted by a Local Government Authority as defined as a customary right of occupancy.

The definition is in Section 6 of the land use Act, a customary right of occupancy includes the right of a person or community lawfully using or occupying land in accordance with customary law and different from certificate of occupancy issued by the State Government as evidence of ownership of land signed by the Governor.

The right of occupancy is in common use in Abuja because of the status of Abuja as municipal. Thus, headed by a mayor not full state where we have state Governor.

By the virtue of FCT ACT of 1976 and the constitution of Nigeria 1999 which confer all lands in the territory to the federal government as a municipal. Thus all the land therein belong to the Federal Government and interest in such land is evidence with a statutory right of occupancy issued by president or minister of FCT as the Mayor of FCT or Certificate of Occupancy issued by such office holders.