Estate Guide Series: 28

Dear Esteemed,

Theme:

10 🚫 ROADBLOCKS WHY YOU MUST NOT BUY A LAND WITHOUT A DEED OF ASSIGNMENT❗

▶️ Introduction:

Despite the fact that you've paid for a landed property, you're yet to become the legal owner, and for this reason, you don't have a legitimate claim over it, until you've perfected the estate title documents in order to make the real estate transaction legal in the eyes of the government in accordance with Section 22 of the Land Use Act of 1978.

1️⃣ You Can't Claim An Ownership Over The Land:

You can't complete a statutory regulated land transaction just by making payment for the landed property until you've processed your Deed of Assignment and other government documents that confer a legal ownership on you.

2️⃣ The Seller Still Remains The Rightful Owner:

Until the new buyer's Deed of Assignment is processed to countersign the seller's Deed, there's no transfer of ownership yet and the seller still remains the rightful, and legally recognized owner of the landed property.

3️⃣ You Can't Process A Certificate Of Occupancy On A Deedless Land:

Without a Deed of Assignment, your Certificate of Occupancy over the land becomes an impossible task with no possible collateral to seek for a bank loan if need be.

4️⃣ Waste Of Money On Unnecessary Litigations:

Funds invested in a land transaction void of a Deed of Assignment would go down the drain and become a dead investment having wasted embroling in unnecessary litigations over a false claim for a Deedless, and null land transaction.

5️⃣ Deedless Land Transaction Is Illegal In The Eyes Of The Government:

A land or housing unit transaction without a Stamp Duty executed on its Deed of Assignment and Receipt of Purchase documents at the Land Registry can't be in conformity with the Land Use Act (1978) therefore, it's illegal in the eyes of the government.

6️⃣ Your Vulnerability To Omo-Onile Extortions:

The major prayer point of the indigenous Omo-Onile is for you to neglect your Deed of Assignment endorsement by their family heads at the moment of land purchase so that they can heavily extort money from you whenever you show-up for their signatures on your Deed in the future when you need it urgently.

7️⃣ A Deedless Landed Property Is A Liability Not An Inheritable Asset:

A Deedless landed property is the best definition of an estate false claim that you're likely to outlive and bequeath on your children, not as an inheritance but as a liability.

8️⃣ Forfeiture Of Compensation Upon Title Revocation And Demolition:

Without a Deed of Assignment, you can't process your Certificate of Occupancy and land occupants without a C of O will forfeit government compensations, should there be a title document revocation, and demolition in the area due to prevailing government use of the land for public interest.

9️⃣ Your Land Ownership Authenticity Can't Be Verified At The Land Registry:

Your land (family) Receipt of Purchase without an endorsed Deed won't be given a legal recognition and authentication at the Land Registry, and it's ownership integrity would be doubtful.

🔟 You Can't Give What You Don't Have:

"Nemo Dat Quod Non Habet".

Except by the ratifying process of government regularization, a Deedless or unexecuted Deed holder can't endorse a new Deed in favour of a new buyer until the government barrier is lifted and the land is fully excised.

⏹️ In Conclusion:

To stay on the winning side of any landed property transaction divide, ensure you obtain your valid Receipt of Purchase and endorsed Deed of Assignment for a Stamp Duty authentication, and acknowledgment at the Land Registry in order to enable the processing of your land or housing unit Certificate of Occupancy to perfect your real estate title documents.

From the desk of the Real Estate Messiah

Olusegun Michael Adeniyi
Lead Consultant
©️ Aden Shelters Limited
Lagos Nigeria
RC 1743601

Website:
https://adenshelters.estateagentsng.com/

Follow this link to view our estate catalog on WhatsApp:
https:///c/2348062298875

Mobile:
+234 808 358 2024
WhatsApp:
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Email:
adenshelterslimited@gmail.com

Landing you with comfortable landed properties...

SHERWOOD COURT ESTATE

Sherwood Court Estate, a contemporary living with an Exclusive, Elegant, exquisite finishes in the heart of Sangotedo, Ajah.

Sherwood Court is a premium 4 bedroom terraces with the following;

- 2 living rooms
- Fully fitted kitchen
- Swimming pool
- Good road network
- 24/7 power supply
- Very serene ambiance
- 24/7 security network, etc

Landmarks:
- Novare Shoprite Mall
- Lagos Business School
- Chevron
- Caleb School
- Emperor Estate
- Lufasi Resort, etc

Title: Governor's Consent

Location: Vintage Estate, Opposite Crown Estate, Sangotedo, Lagos, Nigeria.

In case you have any questions or require our assistance, make no hesitation to contact us today.

Realtor Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

�
adenshelterslimited@gmail.com

�️
https://adenshelters.estateagentsng.com/
&
https:///c/2349079572044

©️ 2021 Aden Shelters Limited
Lagos, Nigeria
RC 1743601

Landing you with comfortable landed properties...

YouTube Video
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https://www.youtube.com/watch?v=tWOPL77zpKE

REAL ESTATE LECTURE SERIES

THEME:
4 AUTHENTICATION STAGES OF A DEED OF ASSIGNMENT

¶ A deed is a signed document mostly regarding the ownership of a landed property.

¶ If your existing deed of assignment did not pass through these 4 stages, then consider it as a void deed because the property still belongs to the seller or previous owner.

The 4 authentication stages are as following:

1). Execution:
The seller or assignor must sign out the property in the deed of assignment in order to release the property to the buyer or assignee.

2). Ratification:
The buyer or assignee must sign in the property in the deed of assignment in order to accept the property and form a valid agreement between both parties.

3). Acknowledgement:
This is an act of permitting the deed of assignment to be recorded in the court of law or the state land registry for public notice and security of the legal instrument.

4). Completion:
This is not a legal term, although the lay person may think he has completed everything when one party signs the deed of assignment but the authentication is completed when all the above stages have been processed.

In case you have any questions or require our assistance, make no hesitation to contact us today.

Realtor Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

�
adenshelterslimited@gmail.com

�️
https://adenshelters.estateagentsng.com/
&
https:///c/2349079572044

YouTube:

https://www.youtube.com/watch?v=T37A5-gimJk

©️ 2021 Aden Shelters Limited
Lagos, Nigeria
RC 1743601

Landing you with comfortable landed properties...

GOOD NEWS ON LAND TITLE EXCISION APPROVAL & MONTHLY TENANCY RENT BY THE LAGOS STATE GOVERNOR

From Babajide Sanwo-Olu

To end the menace of land grabbing in Lagos, I ordered a complete excision on untitled land across the State today.

This directive represents a major turning point in land administration for our state, as the exercise would enable the State Government carry out documented delineation on communal land and land owned by families.

I gave this order at the Lagos Real Estate Market Place Conference and Exhilarations organised by the Lagos State Real Estate Regulatory Authority (LASRERA). The two-day event with the theme: “Lagos: 21st Century Real Estate Investment Hub”, is the second edition to be held by the agency.

A technical committee will be set up to fine-tune the framework for the excision process on untitled land, with the objective to granting Certificate of Occupancy (C-of-O) to land owners for transparent sales of the asset.

I am not unaware of efforts by unscrupulous State officials to frustrate and sabotage the full take-off of the State’s Enterprise Geographic Information System (e-GIS) project initiated to automate approval of land surveys and allocation titles. Let me issue a stern warning; our administration will be ruthless in purging out saboteurs within the system.

Let me also add that by next year a new policy of monthly tenancy on property occupancy would kick off in Lagos. The concept is not to disenfranchise the landlord or reduce the expected revenue of the property.

It is our well considered position that monthly tenancy would ease off pressure on tenants, as the new policy is designed to make people pay their rents according to their monthly earnings.

In case you have any questions or require our assistance, make no hesitation to contact us today.

Realtor Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

�
adenshelterslimited@gmail.com

�️
https://adenshelters.estateagentsng.com/
&
https:///c/2349079572044

©️ 2021 Aden Shelters Limited
Lagos, Nigeria
RC 1743601

Landing you with comfortable landed properties...

ARC-VIEW ESTATES INSPECTION SCHEDULE

√ Treasure Hilltop Estate, Alagbado.

√ Bluestone Treasure Estate, Mowe.

√ Treasure Island Estate, Mowe-Ofada.

√ Treasure Homes, Ilasamaja.

Limited Lands & Housing Units Available

Time:
10am prompt on Saturdays

Kindly book for your FREE estate inspection earlier.

Please Contact Realtor Michael:
+234 907 957 2044
+234 818 251 5733
+234 806 229 8875

Pickup Point:
#314, Ikorodu Road, Anthony Bus Stop, Lagos, Nigeria.

Or

We may meet and drive to your estate choice at your wish.

Estate(s) Video:

https://www.youtube.com/watch?v=Flbfmxvc2B8

Landing you with comfortable landed properties...

WEEKLY REAL ESTATE LECTURE SERIES

THEME:

5 RED FLAGS� THAT MAY HALT YOUR BUILDING PLAN APPROVAL & SOLUTION

CONTENT:
��
1. Defective Survey Plan

2. Defective Structural Drawing

3. Inappropriate Assessment Fee

4. Physical Site Inspection Discrepancy

5. Improper Registration

SLIDES
��

1. Getting an approval for your building plan means that it is in conformity with the government building standard and set rules, and regulations otherwise, there may be a halt on your building plan approval.

2). The State Building Control Agency and relevant authorities may hinder the approval of your building plan if inappropriate and if default persists, you or your contractor risk being arrested while your illegal building risk being bulldozed by a special monitoring task force.

The 5 Red Flags�

�1. Defective Survey Plan:

The Survey Plan is vetted to check if it is registered or not, to ascertain its zoning restrictions (residential or industrial), to verify its location with its coordinates on the survey plan.

Any discrepancy stalls the building plan approval.

�2. Defective Structural Drawing:

The Structural Drawings are scrutinized to check the cross ventilation of each apartment, air space, setbacks, green areas etc supported by calculation sheet and letter of supervision written and signed by COREN registered Engineer with his membership stamp and seal affixed on the structural drawings.

Any discrepancy stalls the building plan approval.

�3. Inappropriate Assessment Fee:

Not a guarantee for approving your building plan but a changeable amount and processing fee for building plan approval paid to the State government in line with strict adherence to the town planning officials' instructions who are saddled with the responsibility to determine and produce the assessment bill which is stamped, signed with a charge depending on the size and location of your proposed building.

Any discrepancy stalls the building plan approval.

�4. Physical Site Inspection Discrepancy:

A town planning official inspects your site to map it out, covering the major access roads, identifiable streets and major landmarks including the verification of the beacon numbers and their positions in the four corners of your site tallying with same beacon numbers on your survey plan as well as your site description physically confirmed as defined in your building plan approval application.

Any discrepancy stalls the building plan approval.

�5. Improper Registration:

A proper registration of your building plan approval by a qualified professional ensures that a file is opened with a tracking number affixed to it. With this development, it will be easy to trace the progress and approval of your building plan application. Same approval number is written on your site to indicate conformity to standard before commencement of construction activities on your site.

Any discrepancy stalls the building plan approval.

SOLUTION
��
For a successful building plan approval, please endeavor to hire the service of a qualified and experienced professional, vast in town planning requirements to process your error free structural drawings and acceptable building plan application for your next construction project.

In case you have any questions or require our assistance, make no hesitation to contact us today.

END.

Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

�
adenshelterslimited@gmail.com

©️ 2021 Aden Shelters Limited
RC 1743601

�️ Landing you with comfortable landed properties...

WEEKLY REAL ESTATE LECTURE SERIES

THEME:

4 Prudent Plans To Ease Payment For Your Proposed Landed Property

CONTENT:
��
1. Payment Plan
2. Off-plan
3. Mortgage Plan
4. Rent To Own Plan

SLIDES
��

1). You need not to break the bank or run out of cash and become broke completely in order to fund your dream home. The good news is that there are ways around it.

2). Whatever the size of your budget, choice of property location or type, there are prudent plans that can facilitate the easy payment for your dream home without affecting other areas of your life that also require financial attention.

3). Tonight, I'll explain these plans that will give you a leap above your fears of funding your dream home as you plan to be a homeowner soonest.

4). The first plan in this week Theme of our weekly Real Estate Lecture Series is Payment Plan.

5). A Payment Plan is an installmental payment package, optional to a buyer of a landed property in order to relief, ease and enable payments in certain divisions after an initial deposit over a particular period of time.

6). A typical payment plan is mostly in graphical soft copy and contains pertinent information of an advertised estate like estate name, prices, months plan(s), land sizes or apartment types, title, location and developer's bank account details at a glance.

7). It is aimed at easing the financial burden of a lump sum payment for a proposed landed property but a defaulting client may be penalized by a fine or cancellation of the sales contract with an administrative charge deductible from his initial deposit.

. The second plan in this week Theme of our weekly Real Estate Lecture Series is Off-plan.

9). An Off-plan is an estate housing sales offer whereby a developer commences building upon buyer's financial commitments which means that the building construction is triggered by the buyer's installment or outright payment and building is in accordance with the estate building pattern and buyer's modification.

10). There are five benefits exclusively attached to off-plan home sales offer as explained below:

11). Buying At A Significant Lower Price At Preconstruction Stage:

A very affordable price for a landed property of a quality standard in a good location is a juicy deal for those looking to invest in assets that are prone to appreciation. Hence, investors are likely to make high returns on investment as soon as possible.

12). Selling At A Higher Rate At Completion:

This one of the best ways billionaires makes money through real estate. Now, think about it, imagine investing your money in trusts or other investment options available to everyone. You will get returns, but none can be compared to this because getting your returns is assured.

13). To Make Rental Income:

Considering the fact that Lagos is one of the most sought after landed property locations in Nigeria, and that it houses the most expensive city in Africa to live in, the rental income of your off-plan house are prone to rise from time to time.

So you can make your rental income immediately after completion.

14). Modifying The Design Of Your Housing Unit:

This should be the number one point, shouldn't it? One of the advantages of investing in off-plan housing units is that you can get the opportunity to tweak your design. You can have it “as you like it”. Let’s say the initial apartment comes with one store, but you want two stores, you can commune with your developer about your desired modifications. Only an off-plan sale affords you that luxury! Being a part of the building process is simply fantastic.

15). Opportunity To Grow Your Capital:

With off-plan sale comes a flexible payment plan. You can start with an initial deposit. This plan provides a great way to grow your capital, viewing it as an investment that you have to put your funds in from time-to-time. It’s okay if you do not want to pay all at once. Just commit to it as one of your monthly investment plans and get returns on investment in no time.

16). The third plan in this week Theme of our weekly Real Estate Lecture Series is Mortgage Plan.

17). A Mortgage Plan is a financial package that finances a borrower's (mortgagor) purchase of a landed property outrightly on a loan basis through a financier or lender or mortgage bank (mortgagee) while the buyer makes the loan repayments installmentally in an agreed terms and conditions.

18). In order to indemnify the financier or mortgagee or lender, a deed-in-trust which purpose is to give ownership to a mortgagee if the mortgagor defaults or breaches the mortgage contract but not intended to convey ownership unless an event occurs which forces foreclosure will protect the financier's fund in such situation.

19). In some situation, when you use a mortgage to purchase a landed property, you may receive deed document (transfer of ownership) at the time of purchase, with the mortgage bank, mortgagee or lender holding a lien on the property.

20). The forth plan in this week Theme of our weekly Real Estate Lecture Series is Rent To Own Plan.

21). It is a lease agreement that transfers the ownership of a rented apartment or landed property from the landlord or leasor to the tenant or leasee in a rent agreement between a tenant and landlord.

22). A rent-to-own plan is in form of an agreement or deal whereby a tenant rents a real estate for a particular period of time. The agreement offers the tenant with the option to purchase the property or not before the lease expires.

23). If the tenant elects not to purchase the real estate or financially incapacitated to secure the property during the validity of the rent, once it is the end of the lease term, the option expires and the tenant moves out of the landed property.

END.

Please save our contacts for full details & more information, also send your enquiries to the Real Estate Consultant.

Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

�
adenshelterslimited@gmail.com

®️ Office: 14, Idowu Obisanya Street, Igando, Lagos, Nigeria.

©️ 2021 Aden Shelters Limited
RC 1743601

�️ Landing you with comfortable landed properties...

WEEKLY REAL ESTATE ARTICLE SERIES

THEME:

7 Places Where You Can Conduct Your Due Diligence Before Real Estate Investment

CONTENT:
��
1. Land Registry
2. Surveyor General's Office
3. Corporate Affairs Commission
4. Probate Registry
5. Traditional Family Owners
6. Court Registry
7. Physical Inspection

AUTHOR:
��
Realtor Michael
+234 907 957 2044

The purpose of this article is to aid your due diligence and decision making as regards land and housing matters.

SLIDES
��

1) Genuine land documents can only be verified provided they are acknowledged in the records of appropriate state government land verification establishments.

2) Family or Omonile land payment receipt issued to land buyers can be manipulated and cannot be verified at any government land verification office.

3) The relevance of a land payment receipt is only recognized as an evidence of payment for the land.

4) This lecture series will enlighten you about places where you may conduct your due diligence and documents verification before payment for your proposed landed property.

5) A land buyer in the first step of his due diligence must first obtain verifiable copies of the proposed landed property documents for investigation at various registries where they were registered or have histories in order to check the land ownership authenticity.

6) The first place to conduct due a diligence before real estate investment in this lecture series is the State Land Registry.

7) A State Land Registry is established by law and varies from one state to another in Nigeria.

In Lagos State, Nigeria, the Land Registration Law of Lagos State 2015 establishes a Land Registry to maintain related land documents within the state.

9) Ratified Deed of Assignments and other pertinent documents are acknowledged and recorded at the State Land Registry where a land investor or his solicitor may file an application for verification.

10) The second place to conduct a due diligence before real estate investment in this lecture series is the Surveyor General's Office.

11) In a situation where the proposed land is yet to be registered at the State Land Registry, the land buyer or his Solicitor may obtain the survey plan and file an application for the charting of the land at the Surveyor General's Office.

12) The results of the survey plan charting will reveal the land acquisition status and zoning restriction, whether it falls under any adverse claim, encumbrance or government acquisition or not.

13) The third place to conduct a due diligence before real estate investment in this lecture series is the Corporate Affairs Commission (CAC).

14) The verification of the landed property if it is a commercial or industrial real estate registered under the Companies and Allied Matters Act (CAMA) takes another dimension.

15) Its documents are further scrutinized at the Corporate Affairs Commission (CAC) in order to disclose additional information with the queries at the State Land Registry.

16) The forth place to conduct a due diligence before real estate investment in this lecture series is the Probate Registry.

17) In a Probate Registry, a will is registered in order to validate its authenticity. The genuineness of a willed landed property can be verified at a Probate Registry when the deceased leave behind a valid will executed and testified in a court of law.

18) In a situation where the deceased does not leave behind a will before his death, letters of administration registered in a court of law pass the deceased landed property to the rightful person(s) whom larger people agreed to is also verifiable.

19) Without a valid probate on a will or letters of administrators, it is illegal for a deceased landed property to be sold or bought in a real estate market.

20) The fifth place to conduct a due diligence before real estate investment in this lecture series is the Family or Traditional Palace.

21) It is advisable to extend your verification to the principal members of the family units, heads of town and community or village owners.

22) This is to confirm that all pertinent approval subject to the excision or release of the land has been received from the government.

23) This can be achieved by obtaining copies of the village or community approved excision title document from the family head or traditional ruler or their solicitor for scrutiny of the exact portion of land released to them at the appropriate government authority.

24) The sixth place to conduct a due diligence before real estate investment in this lecture series is the Court Registry.

25) In a situation where the landed property was derived by the virtue of court judgement, it is essential to verify the court process and end result of the litigation and all pertinent documents as regards the court judgment.

26) An intending land buyer must ensure that the seller or grantor through his agent or representative is a beneficiary in a probate dispute resulting to get court judgment which confirms him rightful to convey the landed property.

27) The seventh place to conduct a due diligence before real estate investment in this lecture series is the Landed Property Site.

28) A physical inspection is also necessary in order to confirm the details on the survey plan and check its conformity with information revealed after charting its coordinate at the Surveyor-General's office.

29) If there is any issues like topography, flood etc on the land, it can be spotted and adequate remedy such as effective drainage system may be put in place.

END.

For further details & more information, please contact:

Realtor Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

The land is green for all but fruitful for the few that own a piece of the earth...

Next week theme on this Real Estate Lecture Series.
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4 PRUDENT PLANS TO EASE PAYMENT FOR YOUR PROPOSED LANDED PROPERTY

POSTED IN SLIDES

1) A genuine real estate transaction must be strictly done with its legality and statutory regulation in order to make the transaction legal in the eyes of the government.

2) An assignor must ensure that land legal instruments are executed, ratified and acknowledged at the appropriate government offices.

3) Deviating from this standard procedure would not reflect the land transaction in the records of the Land Registry, Surveyor-General's office and the Ministry of Land.

4) Verification of the existing land documents of a landed property is recommended in order to check its authenticity before investors' consideration.

5) Hence, the need for investors to have a good understanding of land documents in order to aid their decision making as regards the deal.

6) Tonight, I shall be landing you with the right information that will unravel the puzzle behind land documents complexity and place you on the right side of the divide.

7) Here we go distinguished Ladies and Gentlemen.

The first land document in this lecture series is SURVEY PLAN and it has 3 important purposes that can be used as its definition.

9) Acquisition Status:
It helps you to verify the authenticity of a land details (the real owner) by charting its coordinates to check whether the land is free from government acquisition or not by a registered Surveyor at the Survey-General's office.

10) Zoning Restriction:
It helps you to know if the land has been restricted or zoned for agriculture, industrial, residential or commercial purpose.

11) Boundary & Location: It helps you to know the accurate measurement and location of the land.

12) The second document in this lecture series is EXCISION.

13) Definition:
It is the releasing of a portion of land from a large expanse of land by the state government to the indigenes who originally owned the land before the government acquired it.

14) 2 Major Facts About Excision.

a) An excised land is no longer under government acquisition and you can possibly process a Certificate of Occupancy title on it.

b) In an excision application even with a file number, not total area applied for is released by the state government. For example, if a real estate company bought 100 hectares of un-excised land and file an excision application for all of it, the government may release only 60 hectares.

The remedy for this is that the real estate company if credible will relocate its clients who bought from the un-excised portion of 40 hectares of land to another land with same value and vicinity in line with the indemnity clause ratified in the Contract of Sale.

15) The 3rd document in this lecture series is GAZETTE and it has 3 important purposes.

16) Definition:
A Gazette is an official record book where all special government details are spelt out documented and recorded.

17) 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 released to them.

18) It is within those excised portion of land that the traditional family is entitled and expected to sell their land to the public and not any land outside their excised portion of land.

19) The forth document in this lecture series is CERTIFICATE OF OCCUPANCY.

20) Definition:
A Certificate of Occupancy is a land document issued by the state government to officially lease a portion of land to you as an applicant for 99 years.

21) What happens after 99 years?��‍♂️

The assumption of many is that the holder of the CofO right can apply for renewal after expiration.

Most have adopted a wait-and-see� attitude.

22) The fifth document in this lecture series is CONTRACT OF SALE.

23) Definition:
It is a legal document that establishes a contractual agreement between a landed property seller and buyer, indemnifies, and defines both parties obligations, and entailments of the sales contract, signed by both parties, and registered in a court of law.

24) The sixth document in this lecture series is DEED OF ASSIGNMENT.

25) Definition:
A Deed of Assignment is a legal document, an agreement and evidence that the seller has fully transferred his right, interest and ownership over the land to the buyer.

26) A Deed of Assignment is one of the most important land documents you must have as a land buyer in order for you to be able to process a title over your land.

It contains very pertinent information about the land transaction.

27) A landed property transaction without a Deed of Assignment and no acknowledgement of the land transaction in the records of the state land registry is null and void.

28) The seventh document in this lecture series is GOVERNOR'S CONSENT.

29) Definition:
It is a document indicating the Governor's approval to the change of ownership of landed property with a Certificate of Occupancy title.

30) Subsequent buyers of the land shall obtain a Deed of Assignment then commence the processing of their Governor's Consent title on the land.

31) The eighth document in this lecture series is RECEIPT.

32) It is the least important of all land documents as an acknowledgement by the seller that he has received payment for the landed property to be sold.

33) Land Buyers' Mistake:

��‍♂️��‍♂️��‍♂️
The biggest mistake most land buyers make is thinking that a land payment receipt is the ultimate document that transfers the property ownership to them.

34) A Land Receipt acknowledges the buyer's payment in the seller's cashbook while a Deed of Assignment transfers the property ownership to the buyer and is acknowledged in the records of the state land registry which enables public verification and processing of his land title.

35) A copy of the buyer's land receipt is only requested during the processing of his Governor's consent title to verify the source of ownership whether he bought, inherited or received the land as a gift, as a due diligence before the Governor's approval.

For further details & more information, please contact:

Realtor Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

The land is green for all but fruitful for the few that own a piece of the earth...

ASK YOUR REALTOR

QUESTION 15:

A valid lease need not include which of the following?

a) property description
b) terms of lease
c) use of premises
d) rent

ANSWER:

The answer is (c) because by common law the use of the premises is not a requirement. Although most good leases state the use, the question wasn't "what should be in a lease" but "what must be in a lease in order for it to be valid."

From the desk of

Aden Shelters Ltd
RC 1743601

For further details & more information, please contact:

Realtor Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

The land is green for all but fruitful for the few that own a piece of the earth...

ASK YOUR REALTOR

QUESTION 14:

Which of the following is NOT INTENDED to convey legal title?

a) warranty deed
b) deed-in-trust
c) quitclaim deed
d) bargain and sale deed

ANSWER:
We know by our general knowledge that neither (a) nor (d) is the correct answer. We know this because as we read the question we CAPITALIZED the key words in the question, "NOT INTENDED." Both these deeds are normally used or are intended to convey title. That is their purpose. But (b) and (c) are difficult choices. A deed-in-trust is a mortgage, and its purpose is to give legal title to a mortgagee if the mortgagor defaults or breaches the mortgage contract. It is NOT INTENDED to convey title UNLESS an event occurs which forces foreclosure.

The answer is (c). A quitclaim deed is used to convey an interest or to correct a flaw in title.

ITS INTENTION CLEARLY IS NOT TO CONVEY LEGAL TITLE.

From the desk of

Aden Shelters Ltd
RC 1743601

For further details & more information, please contact:

Realtor Michael
�
+234 907 957 2044
�
+234 818 251 5733
☎️
+234 806 229 8875

The land is green for all but fruitful for the few that own a piece of the earth...

The Capstone is a beautifully designed Space for all who seek peace and comfort in its finest. This is where your heart connects to serenity and away from the hustles and bustles of the city centre.

The Capstone is sitting in the Heart of Epe, in Odoragunshi community just behind the Yaba Tech.

LOCATION: Odoragunshi, Epe
https:///maps/KPcXn3vEqo3vScfy8

NEIGBHBOURHOOD
✔️Alaro City 25mins
✔️Epe Resort 20mins
✔️Lekki-Epe International Airport 30mins
✔️Atlantic hall school 15mins
✔️Ambode housing Estate 15mins
✔️Otedola housing estate 10mins
✔️St Augustine University 10mins
✔️YabaTech, Epe Campus 5mins

TITLE: REGISTERED SURVEY (Free Hold)

PLOT SIZE: 600SQM

PRICE & PAYMENT PLAN
STARTER (1 plot)
0-3 months 1,200,000
3-6 months 1,500,000

CHAIRMAN (6 plots)
0-3 months 7,200,000
3-6 months 9,000,000
Get 1 free Plot on Outright payment

JAGABAN (12 plots)
0-3 months 14,400,000
3-6 months 18,000,000
Get 2 free Plots on Outright payment

Enquiry | Inspection | Purchase
WhatsApp: https:///2348062298875
Call/Text: +2348182515733
Email: adenshelterslimited@gmail.com

ADEN SHELTERS LIMITED
RC No: 1743601

Landing you with comfortable landed properties.

This property is located in the up coming region and industrial belt of Lagos State, along the Lekki Free Trade Zone, Ibeju-Lekki with closed proximity to rapid Developments.

PROMO PRICE: N2.9M
TITLE: APPROVED EXCISION (LS/D/LA3210)

SIZE: 600sqm

NEIGHBOURHOOD
- Dangote Refinery
- Lekki Free Trade Zone
- Pan African University
- Lekki Free Trade Zone
- The New Seaport
- 2 Golf Courses
- Several Upcoming Gated Estates.

FACILITIES
Gate House
Perimeter Fencing
Good Road Network
Good Structured Layout Etc.

STATUTORY FEES
Deed fee=N50k/plot.
Survey fee=N500k/plot
Infrastructure fee=N500k/plot.

No agency fee.

For further inquiries, property inspection and application, kindly call Michael on �+2348182515733 or whatsapp �+2348062298875

Aden Shelters
Landing you with comfortable landed properties.

A Proposed beautiful habitation on the
uplands of Owode Ise , a village 2 minutes from the La campaigns Tropicana Resort.

Location: OWODE ISE
This estate is a blend of residential and commercial plots pre planned to suit your needs.


Title: EXCISION IN PROGRESS
(LSD/ EXC/91/IBEJU)
PRICE: N850k per plot
Whether you are buying to build, wait or sell in the future, this estate is a worthy investment.

With various acres and plot sizes, you would find a size that fits your budget! (300sqm, 600sqm available )

With EXCISION In Progress as title, your investment here would be a set up to bring you great returns.

Please be informed you that the buy 5 and get 1 free promo on the property is only available on outright purchase till 22nd of May 2020.

Promo ends on the 22nd May 2020.

The price still remain N850,000 per plot till further notice. Kindly inform your prospective clients.

Statutory Fees
Deed fee= N50k/plot
Survey fee= N350k/plot
Infrastructure fee= N300k/plot

For further inquiries, property inspection and application, kindly call Michael on +2348182515733 or whatsapp +2348062298875

Aden Shelters
Landing you with comfortable landed properties.

When you talk about proximity to great developments, This magnificent property in Abijo is second to none, it’s location is indeed superb.

This property is a modern development set within the most sought after investment destination in Ibeju-Lekki.

It's conveniently located less than a minute drive from the Lekki-Epe Expressway, 10 minutes drive from Victoria Garden City Lekki and flanked by one of the largest mall in Nigeria, Novare Shoprite Mall Sangotedo.

The current development on this property will wow you as we are currently working on the drainage system and the road network starts immediately after the drainage system.

WHY YOU SHOULD INVEST IN THIS PROPERTY?

- Good Title
- Easy Accessibility
- Proximity for major development
- 24/7 Security
- Instant Allocation
- Flexible Payment Plan
- Excellent return on investment
- Beautifully well designed estate layout

Title: Governors Consent
Promo Price: N11,500,000
Size : 600sqm

450sqm and 300sqm is available

Location: Behind Amity Estate and 1 minute drive from Lekki Epe Expressway.

Book inspection with us today...

For further inquiries, property inspection and application, kindly call Michael on �+2348182515733 or whatsapp �+2348062298875

Aden Shelters
Landing you with comfortable landed properties.

It is an eco-friendly estate with an euphoria of peace and grandeur for all investors.

It is located within the industrial belt of Lagos, Eleko junction, 20 mins to Ajah bus - stop where massive development is currently on.

The estate is 10 mins walk to the eleko beach where residents can spend weekends on the beach. Novare mall (Shoprite) is close by to this property so Shoprite, genesis cinemas will be our great neighbors.

OUTRIGHT: NGN3,300,000
6 MONTHS: (Available)
12 MONTHS: (Available)

TITLE: Approved Government Excision
SIZE: 600sqm (60 by 100)

NEIGHBOURHOOD
- Dangote Refinery
- Pan African University
- Lekki Free Trade Zone
- The New Seaport
- 2 Golf Courses
- Several Upcoming Gated Estates.

WHY YOU NEED TO BUY INTO THIS PROPERTY?
- Quick Return on Investment
- You Will be Getting Value for Your Money Shortly
- Accessibility to good facilities that is second to none.
- Closed Proximity to Rapid Developments

For enquiries, kindly call Michael on +2348182515733 or whatsapp +2348062298875

This is uniquely planned to accommodate an Eco-friendly estate as stunning and peaceful as the ocean.

It has set a high benchmark for comfort and convenience in Nigerian Master planned communities. Judging from what we did in phase1, you need no further reassurances.

Where exactly is this estate?
Located at Eleko Beach Road off Lekki Epe Express road. Ibeju Lekki Axis of Lagos State Nigeria.

Title: Global C of O
Plot Size: 600 sqms.

Payment Plans:
Outright payment: N15M (Residential)


6 months payment: N15.750M (Residential)
12 Months payment: N16.5m (Residential)

For more information, free land inspection booking and application, kindly call Michael on ☎+2348182515733 or whatsapp �+2348062298875

VALENTINE PROMO OFFER���������

Just 10 Plots Available at this DISCOUNTED Valentine Promo Price...!

PROSPERITY GARDEN ESTATE IBEJU LEKKI is an Estate perfectly located within the serene environment of the new economy hub of the nation where development is fast growing and capital appreciation is 100% guarantee.

Location: Ilagbo, 10 minutes’ drive from the Lekki free trade zone.
Title: Excision
Val. Promo Price: NGN2,000,000 (Outright Payment Only).
Normal Selling Price NGN2,500,000
Size: 600sqm

For more details, enquiries, land inspection, booking and application, kindly call Michael on☎+2348182515733 or whatsapp�+2348062298875

Aden Shelters