DUE DILIGENCE (INVESTIGATIONS) IN LAND AND HOUSE PURCHASE TRANSACTIONS IN NIGERIA
Due diligence is the process of investigating a property before purchase to ensure it is genuine, legally valid and free from issues. It is a vital step in real estate transactions, safeguarding you as a buyer from fraud, disputes and hidden liabilities.
Due diligence involves verifying the ownership of the property and confirming the authenticity of the ownership documents like Deed of Conveyance or Survey Plan. It also includes physical inspection, searching at the Land Registry for zoning regulations to ensure the property is not subject to government acquisition, litigation or other restrictions.
An experienced Property/Real Estate Lawyer plays a crucial role here. With his legal expertise, he will carefully review documents, conduct background checks and uncover red flags that may escape an untrained eye.
He is well-versed in detecting forged documents and other fraudulent schemes that have become rampant in today’s real estate market, protecting you from costly mistakes.
Fraudulent property deals can lead to financial loss, prolonged legal battles and even outright loss of the property.
In real estate, due diligence is non-negotiable. Secure your property investment with the guidance of a trusted legal expert.
If you need help with these and more, contact Apex Chambers, Property/Real Estate & Business/Corporate Lawyers, Barristers, Solicitors & Attorneys in Port Harcourt, Nigeria.