₦airaland Forum

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I want to share a unique business model, which I KNOW will help a lot of people earn some good money with little investment but Nairaland admin keeps hiding my posts.

This business model is new and legit and I am a beneficiary of its earning potentials. I just want to create a small group of serious minded people who will work with me and make some serious money.

http://justonlinebiz02..com.ng/2016/10/ihave-been-doing-internet-business-for.html?m=1

I want to share a unique business model, which I KNOW will help a lot of people earn some good money with little investment but Nairaland admin keeps hiding my posts.

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johnny4u2:
Please explain to me the difference between Deed of Assignment and Deed of Agreement. I am getting different interpretations and it is confusing. When I buy a family land, which one should I prepare for the family to sign? Rather, which one has more weight of the two?

To be frank, A deed of Agreement sounds rather strange to me with regards to sale of land. Perhaps if could be used for some other type of property.

A deed of lease or assignment would be appropriate in your case.

Take care.

Belovedly:
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

Hi, I hope your Uncle's transaction went well. First I think a lot of people especially prospective buyers over rate the essence of a C of O. Usually once a clean title is registered in a Lands Registry it should suffice. The C of O is just a formal acknowledgment that the Governor of the state is aware you in occupation of the land, in other words you are now officially the Gov 's tenant for 99 years (lol)

Second, it would be very inappropriate to give a Deed of Assignment or of any sort to a prospective purchaser without getting the full price of the land/property. It's as good as giving away your uncle's property to charity, even better.

As for title of agreement It could be a simple deed of assignment, transfer or conveyance. That should be the buyers headache not yours/uncles.

Take care.

koolblu1 If you bought from a community or family land in Enugu, it will most likely be conveyed with Deed of lease. In other words you are basically a leaseholder for 99 years. A deed of conveyance will bear a similar shade to a Deed of lease, it's usually a matter of nomenclature and type of property involved.

One major thing to bear in mind is that since the Land Use Act transfers all Land to the Governor, the same 99 years lease applies whether the instrument is a lease or conveyance etc.

So even if you get a C of O it formally acknowledges that the Governor is aware that you are in occupation of your land and of course that gives you a better guarantee and perfect title.