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how to Acquire a Property in Nigeria - Properties - Nairaland

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how to Acquire a Property in Nigeria by emamoviejohn: 9:39am On Feb 23, 2023
There are major step by step guide on property acquisition in Nigeria. A key step is to get an honest real estate company to guide you through the whole process of property acquisition in Nigeria. The next step is to engage a Solicitor who can conduct verification of the title of proposed property and whether same is either committed or under acquisition or encumbered. Some investors have acquired properties that have landed them in the Court of law to resolve disputes.

We have various methods of acquiring property in Nigeria. The common ways of acquiring property in Nigeria are as follows:

1. Probate/ Letter of Administration
A probate is a Court ordered process where the will of a testator is validated. It is the authority a beneficiary has to assume ownership of any gift or properties granted in the will. The Will alone cannot convey title in a real estate to a beneficiary, it is only after the probate has been applied for and obtained that the beneficiaries can have unlimited access to the gifts granted in the will.

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