₦airaland Forum

emergingstars:
WHAT YOU SHOULD DO BEFORE BUYING A LANDED PROPERTY

Some people believe merely paying for a property is all that is required to buy landed property. There are certain things every prospective buyer should know and do before paying for landed property. It is advisable that you seek advice from your Solicitor before completing a land transaction. It may cost more but I can assure you that over time, you will be glad you did.

1. Conduct investigation of the title –

This entails obtaining land information with the survey plan of the property at the office of the Surveyor-General to determine whether the land is free from acquisition. The investigation also entails conducting a search at the Lands Registry (in cases where property is registered), this search helps detect if there is any encumbrance (litigation, loan or other issues) pertaining the land. The title can also be investigated by a review of title documents by your Solicitor to detect the defects in the root of titles. Physical inspection and enquiry from adjourning properties can also provide information that will assist in investigating title. A search at the Court’s Registry to discover litigation on land may be done where necessary.

2. Preparation and execution of Conveyance documents –

After investigation of the title and confirmation of the status of title, the conveyance documents should be drafted by a Solicitors for execution of all parties. Please note that conveyance documents for sale of family property must be signed by the family head and all principal members of the family. The conveyance documents should contain the standard terms, including but not limited to, the purchaser’ right to be indemnified from third party claims, the Vendor’s duty to provide documents required for perfection of title, etc. Please contact your Solicitor for advice.

3. Possession –

Take physical possession immediately after payment. Possession of landed property means the occupation or physical control of the property or parcel of land either personally or through an agent or servant of the claimant. Please contact your Solicitors for advice on this.

4. Perfect your title –

After payment, signing of documents and taking over possession, ensure don’t keep the conveyance documents in your locker, proceed to perfect your title (i.e. Obtaining Governor’s Consent and registering) as prompt as you can.

Be guided that in Nigeria, there are five ways to prove ownership of land i.e. by traditional evidence; by document of title; by various acts of ownership numerous and positive and extending over a length of time as to warrant the inference of ownership; by act of lawful enjoyment and possession of the land and by proof of possession of adjacent land in circumstances which render it probable that the owner of such land would be the owner of the other land.

For further questions and clarifications, please send us an email at lawcandles@gmail.com

We will gladly provide you with the required help and assistance.

OgaRico:
25years in EPL and how many leagues did Fergie won?
Give Pep 25 years in England and let's see what that wizard will do considering the fact that he humbled Fergie led team on a big stage twice.

aikfrank:
Pictures?

aikfrank:
Pictures?

rs172:
What's up bro..

What course bro..

I also have an unconditional offer from Northumbria university

Mykaelolalekan:
I had my English Language Proficiency Interview today with Teeside University. I received my results shortly afterwards and my unconditional admission offer almost immediately. I was required to pay 4k pounds deposit to secure my slot. Now that I am contemplating paying within next week, I will be glad if any Teeside University current or past students can shed more light on the prospect of attending the school.

bosunjohns:
Can you share the GPS location of the land please?