DESCRIBE THE LAND PROPERLY IN THE PURCHASE DOCUMENTS
In Nigeria, land purchase transactions are a cornerstone of growing wealth and stability. Yet many buyers overlook a vital aspect of drafting land purchase documents: accurately describing the property’s location, sizevand boundaries. This negligence often leads to significant challenges, some of which may prove irreversible and too costly.
Failure to properly describe land in purchase agreements is a recipe for disaster. Vague descriptions can result in boundary disputes, claims of encroachment or even the resale of the same property to multiple persons. These issues drain financial resources and erode trust.
Nigerian courts often dismiss ownership claims or registrations where the land’s description is unclear or inconsistent with survey plans. Banks and other financial institutions also reject such documents for loan approvals, complicating efforts to leverage the property.
To avoid these pitfalls, when buying land/building, it is important that you engage an experienced Property Lawyer who understands the intricacies of property and land law in Nigeria.
At Apex Chambers, we ensure every property/land/house purchase transaction is supported by accurate and detailed documentation. Secure your property investment and avoid legal disputes.
Land is a legacy. Protect it with the right legal guidance.
_______ Apex Chambers, best Property and Business Lawyers, Attorneys, Barristers & Solicitors in Port Harcourt, Nigeria.