WHY YOU MUST ENGAGE A PROPERTY LAWYER WHEN BUYING LAND OR HOUSE 

WHY YOU MUST ENGAGE A PROPERTY LAWYER WHEN BUYING LAND OR HOUSE 

As we always emphasize at Apex Chambers, Property/Real Estate & Business Lawyers, Solicitor and Attorneys in Port Harcourt, Nigeria, without Property Lawyers, several critical issues could arise in a property and real estate transaction:

1. Legal Complications: Lack of legal expertise may result in overlooking crucial documents or requirements, leading to disputes over property ownership or rights.

2. Hidden Liabilities: Failure to conduct thorough due diligence could result in unforeseen liabilities such as outstanding taxes, unpaid debts, or legal issues on the property.

3. Ownership Defects: There’s a risk of encountering defects/errors in previous deeds, boundary disputes or undisclosed interests, which can jeopardize the buyer’s ownership rights.

4. Misinterpretation of Contracts: Parties may misinterpret or overlook important clauses in contracts, leading to legal disputes.

5. Fraudulent Transactions: Parties may fall victim to fraudulent schemes such as forged documents, fake sellers or undisclosed material defects in the property.

6. Inadequate Disclosure: Sellers may fail to disclose material information about the property, such as Government interests, acquisition issues or zoning restrictions, which could lead to losses or legal liabilities for the buyer.

7. Failure to Comply with Regulations: Without legal guidance, parties may inadvertently violate property regulations and fall into issues.

If you need any legal help with Property/Real Estate or Business/Commercial transactions, investments or matters, call or Whatsapp Apex Chambers, reputable Law Firm of Property/Real Estate and Business/Commercial/Corporate Lawyers, Barristers, Solicitors, Advocates, Attorneys and Notary Public in Port Harcourt, Rivers State, Nigeria, anytime, any day and from any part of the world on +2347030868694.