LAND PURCHASE MUST BE IN WRITING AND IN THE FORMAT APPROVED BY LAW

LAND PURCHASE MUST BE IN WRITING AND IN THE FORMAT APPROVED BY LAW

Did you know that In Nigeria, paying for land without making proper documents means you own nothing?

Yes, you read that right. In Nigeria, ownership of land or building is never legally transferred by word of mouth, cash payment or even physical possession of the property.

The law is crystal clear: only a valid written agreement (usually a Deed prepared by a qualified Property or Estate Lawyer) can transfer legal ownership from the seller to you, the buyer.

Here is the bitter truth: You can pay millions, take full possession, fence the land and even build a mansion or skyscraper on it, but if a proper land purchase document is not prepared and signed, the land still legally belongs to the vendor.

And here lies the danger: The vendor or his family can later cancel the sale, reclaim the land or even sell it to someone else, and they may win in court.

Why? Because in the eyes of the law, no valid transfer of ownership occurred.

Money paid (or gift) is not ownership. Possession is not ownership. Structures built are not ownership. Only a legally executed land document transfers ownership.

Protect your investment. Never pay, build or boast about owning land without engaging a competent Property Lawyer to document and perfect the transaction. Let the law secure what your money has paid for.

Your strongest defence is not how much you paid, but what you signed. Let the documents speak louder than your money.

_________

APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate /Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com