SIGN LAND/BUILDING PURCHASE DOCUMENTS AT THE TIME OF PAYING, NOT LATER

SIGN LAND/BUILDING PURCHASE DOCUMENTS AT THE TIME OF PAYING, NOT LATER

It is advised that you sign your land or house purchase documents at the point of making payment.

Do not trust your seller or his agents so easily. Always insist on signing at the time of payment.

This secures your position, as the seller could become evasive or unwilling to sign the purchase documents, having received payment in full.

The law is that merely paying for land or house does not transfer its ownership to you. The legally recognized mode of transfer of ownership of land and house is in writing and through the right purchase documents prepared by a Property and Real Estate Lawyer.

Without that, there are no inferences or assumptions of transfer of ownership of land or building. Until you sign, the land/building still belongs to the seller, even if you have paid in full.

So sign the documents while making the payment. Try not to postpone the signing. If the land/building purchase documents are yet to be prepared or not ready for signing, then put off the payment until when the documents are ready for signing.

Do not let the seller or his agent pressure you to pay and then sign later. Refuse to be pressured. It saves you a lot of stress and secures your interest.

It is the signing of the land/house purchase documents that transfers ownership from the seller to you, not full payment.

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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 with Law Office in Port Harcourt, Rivers State, Nigeria

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