₦airaland Forum

Ogeam:
Has Unilag commenced form sales for postgraduate courses for 2017/2018 academic session? I got some messages from a couple of friends intimating about the sales of postgraduate forms. I have tried registering athttp://applications.unilag.edu.ng/(S(2mw2ai32bog03oanytegrhjs))/Start.aspx a couple of time with no success. Not sure whether its a platform issue or UNILAG is yet to commence form sales.

richyblink1:
Kindly read well or get a recommended glass. I am male for your information, and married as well. My younger brother dare not enter my room without knocking, not to talk of standing after seeing my wife naked. Except he wants to explain his real intentions towards my wife

Teewhy2:
Corruption in Nigeria has eaten deep into the people that little children also see it as a way of life, the best way to fight it is from the family set up.
I remember that way back people are very cautious of their behavior because of what would be said their family members and community leaders but nowadays the society encourage people to live beyond their means of livelihood and to keep up people get into criminal activities to maintain that lifestyle and that is what reflects in our leaders as well.

UncleSnr:
Expecting to see 400 The delusion is deep.
#ProjectShamba

okunfemm:
@ OP, informative but there is a miss up and omission of the land professional (land survryor) itself in land matters.

Land surveyor help

)1) conduct land search at d registry
2. confirm size of the land
3. carefully check d coordinates xyz
4. check d documents information e.g survey plan, c of o
5. communicate the vendor on your behalf bout the price
6. concealed the transaction perfectly
7. carry out a new survey and record copy for u


contact my signature for more on lands and landed properties

KingsleyAni1993:
You want to buy a land in Nigeria, and the reason is simply because of the fact that you have acquired the money. It is marvelous, really, because land is the best piece of investment a person can chuck his money into. Land, unlike other investment, can only appreciate in value over the years; it can never depreciate. Its value only goes up, not down.

NB: this is a very long post about the entirety of what you need to know about making land purchases in Nigeria, so be warned that you might stay on this page longer than you think.

However, before you rush off to make that purchase of the land and transfer all your life savings into the account of a total stranger all simply because of the fact that he told you that he is the legal owner of the land, there are certain factors you have to check in before you pay. It is called Legal Due Diligence. If you do not conduct your Due Diligence, you may succeed in buying the land, but you will definitely suffer for it in the years to come.

[b]The Need for Legal Due Diligence in Land Transactions.

[/b]Many people think that they can play smart and pull of a land transaction without contracting the services of a certified professional in the field to handle certain matters for them. Well, they are wrong.
When trying to delve into a land transaction, the purchaser should endeavor to contract the services of these two sets of individuals:

1 A legal practitioner
2 An estate surveyor/ valuer

A legal practitioner, if and when consulted in a land purchase transaction, is the one responsible for conducting the legal due diligence on the land the purchaser intends to purchase. He is the person that will look into certain matters pertaining to the land:

He is the one to request for the epitome and abstract of title from the vendor

He is the one to check for patent and latent defects on the land

He is the one to check court records, probate registry records, conduct land registry search, amongst others, and then prepare the search report in which he will give his client either the go-ahead to purchase the land or the advise to keep his money

He is the one to help negotiate the terms of payment for the land (if the purchaser is buying from estate agents, he can negotiate for a payment scheme to be followed which will be favorable to the means of the client)

He is the person to check out a lot of details about the land which the purchaser may have absolutely no knowledge of prior to entering into the transaction

Lastly, he is the person to prepare the Deed of Assignment; and this is because the law authorizes only a legal practitioner to be the person to prepare a Deed of Assignment and frank same. No other person can prepare a Deed of Assignment to effect transfer of ownership in a land from vendor to purchaser, so you see why you have to sign on the services of a legal practitioner?

[b]Reasons to conduct Due Diligence in Land transactions in Nigeria

[/b]There are several reasons why a prospective buyer of land should undertake due diligence in respect of the property he wants to purchase.

These reasons are underlisted below:

It will reveal the true owner of the property in question. This is essential because of the fact that several persons can easily pose as the true owners of a property whereas they are merely fronts looking to rip purchasers off their money. If the prospective purchaser undertakes due diligence, then he can easily detect this. NB; it is better to have the lawyer do this because he knows the necessary questions to ask and the documents to demand for which the purchaser ordinarily would have no inkling of.

It will help the purchase to detect the physical defects in the property he wants to purchase from an estate agent or land owner.

It will help the purchaser the to detect/uncover hidden fees and taxes which remain unpaid. Please note that certain rates and land use charges run with the land and not with the occupant of the land. In other words, if there are taxes, rates, land use charges that remain unpaid as at the time of the intended purchase of the land and the land is eventually purchased, the new owner will have to pay it. But if he undertook due diligence, then he would have taken note of these unpaid rates and possibly worked out an arrangement with the vendor to deduct same from the purchase price. If he didn’t . . . well, he will still have to pay them. It is not the government’s business that the rates were left unpaid by the previous owner of the property.

[b]How to Conduct Due Diligence for a land purchase in Nigeria

[[/b]b]1.Request for the owners documents: [/b]This is generally the first step. Your lawyer can request for the epitome and abstract of title of the vendor which will have to be in chronological order and date back at least a period of forty years from the time of the proposed transaction. These documents are:

a)The certificate of occupancy (where applicable; if the land is an urban area)
b)Deed of Assignment
c)Power of Attorney (especially if the vendor is not the main owner of the land eg, family land)
d)Owner’s receipts
e)Vendor’s tax clearance certificates dating back a period of at least three years from the date of the transaction

NB: please consult a property lawyer for this. I know that many people think that they can do a lot of these themselves. In the short run, you can; in the long run, you will end up running into a hell lot of trouble for your efforts and then you will wish you had used a lawyer in the first place.

2. [b]undertake a physical inspection of the land. [/b]Estate agents can use very nice digital cameras to show you stunning shots of the land you want to purchase. However, in some cases, the reality may be a far cry from what you saw. So, before you commit yourself financially to purchasing any piece of land, make sure you go to the land and physically inspect it yourself or send a trusted associate/representative to do same for you.

[b]3. check the zoning and town planning laws of the location where you are purchasing the land. [/b]I cannot begin to stress this enough. Please have your lawyer look over the town planning laws of the area you want to purchase land from. This will save you a lot of trouble and help you avoid pitfalls like building an industry in an area designated for residential purchases only; building a four-story building in an area where the planning permits you to erect structures not above two stories. Or buying land already designated for building a road; buying land which is superimposed over a proposed waterway. The list is endless. Like they say, the windmills of the gods grinds slowly but surely. So you might buy and build, but one day the government will come and then you will pay the costly price. Then you will watch your structure demolished or have to pay hefty bribes to corrupt government officials in order for them to turn a blind eye to your ‘illegal’ structure.

[b]4. ESTATE VALUATION. [/b]In the preceding paragraphs I stressed that you also need an estate valuer/surveyor in a land transaction. This is where they come in. Engage the services of an estate valuer to value the market value of the land you want to purchase. The price of a piece of land in Banana Island will never be the same with that of a land situated at Isheri even if they are of the same exact dimensions. So, it will save you a lot of costs to find out the market value of the land you want to purchase in case you might want to sell the same in the not-so-distant future or use same as collateral for a mortgage loan. Then you will find out that the land is priced at a considerably lower price than you had originally bought.

The estate surveyor is the one to check if the land is properly in a grid and properly marked out. Ever encountered a scenario where you see road construction workers marking a particular section of a building to be torn down because it lies directly in the path where they want to build a road? Yes, ouch. Goes to show that some people really do not value their money before building. You need the services of an estate surveyor too just like you need that of a lawyer.

Finally, after you complete the transaction, you make sure that you collect all the necessary documents from the vendor; the documents to be collected are the original copies, not photocopies.

Like I always say, when in doubt, ask questions. In this case, consult your lawyer.

Ciao.

[b][/b]Written by Kingsley Ugochukwu Ani L.P.

[url]anikingsleyugochukwu.[/url]

prinsam30:
Abeg which kind wahala be This?

who get that picture that relate to my comment pls

potent5:
My friend, they are not typos. If you knew how to mind your business and stick to your field you wouldn't be claiming typos.

Next time learn to mind your business.

potent5:
It's not 'less i forget'. It's LEST I forget.

Are you sure you attended a PROPER University?

potent5:
And you were taught that estate surveyors have exclusive role in the the acquisition of landed properties. And the only thing a lawyer can do is to prepare deeds.

No wonder you attended a 'seminal'.

potent5:
What field do you claim expertise?

potent5:
Everyone is an expert in their own field. Market women, agberos, lawyers, surveyors, mad people,... They all are experts in their 'fields'.

But up till now you are not even confident and proud enough of your so-called field to disclose it or even reason like an expert in it. All you can say is that you you attended a "seminal" sic.

Abegi.

potent5:
The hallmark of ignorance or half-knowledge is evasive approach to issues. Try and place something on the table instead of putting on over bloated airs.

Who you wan teach wetin?

potent5:
If only you knew what damage you have caused by your misleading post you would be hiding your head in shame and remorse.

You are not even an estate Surveyor and you are here busybodying yourself on what you feel surveyors do better than lawyers.

I thought I was reasoning with someone who knew what he was saying.

potent5:
You think the role of a lawyer starts and ends with preparing a deed of assignment abi?

Your position is the same as telling a sick person to go to the lab technician rather than the doctor, after all the doctor can only treat but cannot run diagnosis.

Why can't you keep your myopic understanding of property transactions to yourself.

All these charlatans masquerading as estate surveyors sef.

potent5:
The way you people mislead innocent people eh. How on earth would you be telling someone to avoid going to lawyers when buying landed property. People like you should be arrested; you are part of the problem we have in this country.

Fogman:
TheLawyer, please i just got a land and we have done the deed of assignment and my lawyer is advising we do stamp duty.

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The land is within Federal Govt jurisdiction.

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What is your advice?

Fogman:
TheLawyer, please i just got a land and we have done the deed of assignment and my lawyer is advising we do stamp duty. The land is within Federal Govt jurisdiction. What is your advice?

dahreh90:
Surveyor has nothing to do with building approval, pls be wise... Give ur work to a building expert not a surveyor.

ozoebuka1:
waiting for atheists to flood this thread and tell us why the op is delusional and reasons why we the believers should discard our beliefs and turn free thinkerz.

They say we are stupid because of our belief but they feel smart because of their own belief; isn't that hypocrisy

Category1:
God can do wonders in that burning house...

But with prayers, important things won't be destroyed in that building.



Believe me I'm brain-less.

Pastafarian:
according to the fallible book of fables called Hole-ly BuyBull, Jesus would be coming from the sky and all eyes would see him;

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this is obviously impossible on a spherical earth

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unless he'll be in the air and hang there visible by humans for close to 20hours at least; I'm also curious as to how blind men would see him coming too

priscaoge:
And she said... "I love U Jesus" Why do some girls post raunchy photos and drag Jesus into it? Are they trying to seduce Jesus? Pls u are so free to run naaaked but don't drag Jesus into ur madness

AlphaStyles:
no let oyibo deceive you o. use your head o