WHEN PAYING FOR LAND OR BUILDING IN INSTALMENTS, HAVE A CONTRACT OF SALE OF LAND

WHEN PAYING FOR LAND OR BUILDING IN INSTALMENTS, HAVE A CONTRACT OF SALE OF LAND

Imagine making part payment for land/building only to wake up one day and find it sold to someone else offering a higher price.

It sounds like a bad dream but it happens every day, because many buyers fail to make a Contract of Sale of Land.

A Contract of Sale of Land is a written agreement between a land buyer and seller, stating that the buyer will pay in instalments, and ownership will be transferred once the payment terms are fully met.

During this period, as long as the buyer keeps to the agreed terms the seller cannot legally terminate the deal or resell the land to another person.

This contract protects the buyer. It locks in the transaction and prevents a greedy seller from collecting a deposit from you and later backing out when he gets a better offer.

Many buyers make the big mistake of waiting to complete payment before preparing legal documents. That delay is dangerous.

So having a Contract of Sale of Land is very necessary. It gives you legal protection, payment structure and peace of mind.

With a solid Contract of Sale, your property interest is protected from day one. It proves the deal exists, outlines your payment terms and ensures your land is secured while you complete payments.

So get a Property Lawyer to prepare a Contract of Sale of Land for you.

Secure land with law; not with trust.

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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