Belovedly's Posts
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My uncle have just agreed to sell his land on the island. Its federal land given on a 99 year lease wid. He have not got the c of o yet but I have agreed with the buyer to have part of the payment which will be used for the payment of the land rent and getting the c of o out while the rest will be withheld until the c of o is given. I wanted to know can He still issue a deed of assignment or should he give a recipt of the money received and hold on to the deed of assignment till the c of o is give with it? Also I wanted to know if there was some sort of agreement that could be drafted to show that they have given him part payment for the land and that on recipt of the c of o and deed of assignment they will give him his balance? Also what should the title of the agreement be and what should it contain. I will be grateful for a quick response because I don't want anyone to dupe my uncle and want to make sure his lawyer is on the right track. Thank |
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