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Set Of Land And House Documents You Should From A Private Seller / 7 Property Documents You Should Know. Number 3 Is Very Revealing / Five Reasons Investing In Real Estate Is Better Than Saving In Te Bank. (2) (3) (4)

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Documents You Must Know In Real Estate Investment by Emmas016(m): 5:32am On Oct 15, 2017
*SURVEY PLAN*

A Survey plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of that land. The people that handle survey issues are Surveyors and they are regulated by the office of the Surveyor general in Lagos as it relates to survey issues in Lagos. A survey plan must contain the following information:

1. The name of the owner of the land surveyed

2. The Address or description of the land surveyed

3. The size of the land surveyed

4. The drawn out portion of the land survey and mapped out on the survey plan document

5. The beacon numbers

6. The surveyor who drew up the survey plan and the date it was drawn up

7. A stamp showing the land is either free from Government acquisition or not

*EXCISION*

Land Use Decree on the 28th of March, 1978 that vested all lands in every state of the Federation under the control of the State Governors. The Land Use Act coupled with other laws made it possible for the Governor who was now the owner of all lands in the state to actually have the power to Acquire more lands compulsorily for its own public purpose to provide amenities for the greater good of the citizens.

Fortunately, the government recognizes that indigenes of different sections of the country have a right to existence . . . a right to the land of their birth. Hence, it is customary for state government to cede a portion of land to the original owners (natives) of each area.

An Excision means basically taking a part from a whole and that part that has been excised, will be recorded and documented in the official government gazette of that state. In other words, not having an excision means the land could be seized by the Government anytime without compensating you even if you bought it “Legitimately” from the Baale or the Original dwellers on the land.

*GAZETTE*

A Gazette is an Official record book where all special government details are spelt out, detailed and recorded

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 given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public and not anything outside those hectares of land given or excised to them.

A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the Villagers. A community owning a gazette can only sell lands to an individual within those lands that have been excised to them and the community or family head of that land has the right to sign your documents for you if you purchase lands within those excised acres or hectares of land.

If the government based on some reasons best known to them decides to revoke or acquire your land, you will be entitled to compensation as long as it’s within the Excised lands given to that community.ad land to buy.

The best way to know whether a land is under acquisition or has an excision that has been covered by a Gazette is to get a surveyor to chart the site and take it to the surveyor general’s office to do a land information to confirm whether it falls within the gazette and spell out which particular location it can be found.

*DEED OF ASSIGNMENT*

A Deed of Assignment is an Agreement between the Seller of a Land or Property and a Buyer of that Land or property showing evidence that the Seller has transferred all his rights, his title, his interest and ownership of that land to that the Seller that has just bought land.

The Deed of Assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a _*Governor’s Consent*_ or _*Registered Conveyance*_.

*CERTIFICATE OF OCCUPANCY*

A Certificate of Occupancy (C of O) issued by the Lagos State Government officially leases Lagos land to you, the applicant, for 99 yrs. As already indicated above, all lands belong to the Government.

A C of O however is the officially recognized Document for demonstrating Right to a Land.

What happens after 99 years? That question is still subject of debate among experts. Most have adopted a wait-and-see attitude. Others postulate that as the new owner of the land, you the buyer, can renew the certificate of occupancy when it expires.

Re: Documents You Must Know In Real Estate Investment by serverconnect(m): 7:11am On Oct 15, 2017
Nice info.
Re: Documents You Must Know In Real Estate Investment by Emmas016(m): 9:37am On Oct 15, 2017
serverconnect:
Nice info.

U are welcome
Re: Documents You Must Know In Real Estate Investment by Electroweb(m): 11:05am On Oct 15, 2017
Interesting post.
Two questions.

1. What about Governor’s Consent as a type of document in land transactions?

2. It goes thus: Mr A owns a land with a C of O in his name in Lagos. He sells the land to Mr B issuing him a deed of assignment. Mr B later decides he wants to sell the land but he did not process his Governor’s Consent. Mr C wants to buy the land from Mr B. Mr C buys the land from Mr B and gets a deed of aassignment from him. Now if Mr C wants to process his Governor’s Consent, does he need to go back to Mr A whose name is on the C of O or is the deed of assignment between him and Mr B sufficient for this?

Thanks
Re: Documents You Must Know In Real Estate Investment by Emmas016(m): 11:44am On Oct 15, 2017
Electroweb:
Interesting post.
Two questions.

1. What about Governor’s Consent as a type of document in land transactions?

2. It goes thus: Mr A owns a land with a C of O in his name in Lagos. He sells the land to Mr B issuing him a deed of assignment. Mr B later decides he wants to sell the land but he did not process his Governor’s Consent. Mr C wants to buy the land from Mr B. Mr C buys the land from Mr B and gets a deed of aassignment from him. Now if Mr C wants to process his Governor’s Consent, does he need to go back to Mr A whose name is on the C of O or is the deed of assignment between him and Mr B sufficient for this?

Thanks

The Deed of Assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a _*Governor’s Consent*_ or _*Registered Conveyance*_.

For Mr c to successfully process his documents he has to get back to Mr A who has the registered government consent or Deed of conveyance .

Exception is a case where Mr B has the registered Deed of conveyance reflecting in land and survey ,that the land has been sold to him, in that case he should also go to land and survey and do a registered conveyance ,reflecting that he is selling the land to Mr C ,in this case the Governor consent might not be needed
Re: Documents You Must Know In Real Estate Investment by Electroweb(m): 3:09pm On Oct 15, 2017
Emmas016:


The Deed of Assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a _*Governor’s Consent*_ or _*Registered Conveyance*_.

For Mr c to successfully process his documents he has to get back to Mr A who has the registered government consent or Deed of conveyance .

Exception is a case where Mr B has the registered Deed of conveyance reflecting in land and survey ,that the land has been sold to him, in that case he should also go to land and survey and do a registered conveyance ,reflecting that he is selling the land to Mr C ,in this case the Governor consent might not be needed

Okay. Thanks I appreciate the info.
Re: Documents You Must Know In Real Estate Investment by Emmas016(m): 5:38pm On Oct 15, 2017
Electroweb:


Okay. Thanks I appreciate the info.

U re welcome
Re: Documents You Must Know In Real Estate Investment by Emmas016(m): 2:15am On Oct 16, 2017
Few reasons why ibeju lekki (The smart city) Lagos has been the talk of Lagos !!!!!!

Ibeju lekki is the fastest and richest developing place in Lagos ,with an investment of over $100billion investment , this are few development that has made lagosians move towards ibeju lekki for settlement.

1. Lekki Free Trade Zone (LFTZ)* a $25 billion project with presence of over 64 global companies
2. Dangote Refinery (Biggest in Africa & 6th in the world)* a $14 billion project to be operational in 2019
3. Dangote Petrochemical company*
4. Dangote Gas Pipeline Company*
5. Dangote Fertilizer Company*
6. Lekki Deep Sea Port* a $1.65 billion project (Deepest Seaport in Sub-Saharan Africa)
7. Lagos Smart City (modelled after the Smart City Dubai)* the first Smart City in Africa
8. Newly opened Novare Shopping mall* (Shoprite) is Lagos’ largest shopping mall
9. Lakowe Lakes Golf Course*
10. The New Eko Tourist Beach Resort*
11. The 4th Mainland Bridge
12. Multi-billion naira *Lekki-Epe International Airport*
13. Eleganza Industrial City*
14. Coscharis Motors Ltd*
15. Pan Atlantic University* (Permanent site of Lagos Business School)
16. St Augustine University* (First Catholic University in West Africa)
17. Insignia (Makers of Power oil and Indomie Noodles)
18. La Campagne Tropicana Beach Resort
19. Eleko Beach
20. Others include many lovely Hotels, Hospitals, Schools, Housing Estates, Factories, Banks, Shopping Complexes, Mobile Police Unit Baracks etc

Many have taken advantage in ibeju lekki, while some give excuses for their ignorance

Being a landlord in Lagos is not easy, But when God gives u this opportunity don't miss it.

I pray for everyone who must have read this post future landlords in ibeju lekki, forward and share if you would love to be a landlord!

For more enquiry call Maonhomes on 07082568382 ...

Re: Documents You Must Know In Real Estate Investment by Emmas016(m): 2:16am On Oct 16, 2017
Call me
Re: Documents You Must Know In Real Estate Investment by Kenox: 7:25am On Oct 16, 2017
Nice one sir. I will love to contact you privately if you don't mind.
Re: Documents You Must Know In Real Estate Investment by Emmas016(m): 6:44pm On Oct 16, 2017
Kenox:
Nice one sir. I will love to contact you privately if you don't mind.


That's my call card , call me let us discuss

Re: Documents You Must Know In Real Estate Investment by Emmas016(m): 7:38pm On Oct 18, 2017
Emmas016:



That's my call card , call me let us discuss

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