UNDERSTANDING LAND AND HOUSE PURCHASE DOCUMENTS IN NIGERIA

UNDERSTANDING LAND AND HOUSE PURCHASE DOCUMENTS IN NIGERIA

A land or house purchase document is a legally binding agreement between a buyer and a seller. It contains the terms of transaction for real estate. This document protects both parties, ensuring the seller is truly the owner or has the owner’s authorization to sell, and that the buyer acquires a valid ownership.

It is an important aspect of property transactions and forms the foundation of land/house ownership rights.

Types of land and house purchase documents:

Contract of Sale – outlines preliminary terms.

Deeds of Assignment, Deed of Conveyance and Deed of Gift – transfers ownership.

Survey Plan- details property’s size, boundaries and co-ordinates.

Each of these documents plays a role in ensuring a secure transaction and clear transfer of ownership.

Having a Property/Real Estate Lawyer draft, prepare or review these documents is indispensable for a land/house buyer. A Property Lawyer ensures that the agreement complies with relevant laws, safeguards against fraud, and includes all necessary clauses to protect the buyer’s interests.

The Property Lawyer conducts due diligence on the property ownership and legal status, ensuring it is free from issues or disputes.

Involving a Property Solicitor is an investment in legal certainty, saving you, the buyer, from costly mistakes and disputes in the future.

Apex Chambers, top Law Firm of Property Lawyers, Barristers & Attorneys in Port Harcourt, Nigeria.

Phone: +2347030868694

Email: info@apexchambersglobal.com

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