WHY A PROPERTY LAWYER MUST INVESTIGATE THAT LAND OR BUILDING BEFORE YOU BUY IT
A client recently contacted Apex Chambers, Property/Real Estate Lawyers, excited about some plots of land he was about to buy in a new, strategically located estate marketed by a popular real estate company.
The price was attractive, the location was perfect and everything looked legit. One buyer had already bought 100 plots.
He asked us to run full due diligence (investigations). That decision saved him millions of naira.
We confirmed the land was not under government acquisition, no special zoning or usage restrictions. But that was where the good news ended.
We dug deeper and uncovered shocking truths.
The “land documents” provided by the seller were forged. Yes, fake.
Even worse, the land was locked in a long-standing ownership dispute between the seller and another family.
There had been a traditional summons before the Council of Chiefs, which had already given judgment.
Another summons had gone before a juju shrine.
Right now, the same land is at the centre of an ongoing court case.
Can you imagine what would have happened if he had paid?
This is why no one should buy land or a building without first engaging a property and Real Estate Lawyer to make findings.
The client walked away with his money intact and a grateful heart.
Let your Property Lawyer check first. That single step could save you a lot.
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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
2 Comments
tlover tonet
You are my breathing in, I have few blogs and sometimes run out from to post .
admin
Oh thank you. There’s a lot to right about. I think specialization helps.