WHY YOU NEED A DEED OF ASSIGNMENT WHEN YOU BUY LAND/BUILDING 

WHY YOU NEED A DEED OF ASSIGNMENT WHEN YOU BUY LAND/BUILDING

Buying land or building with a Certificate of Occupancy (C of O) is not enough. What transfers ownership from seller to buyer is a Deed of Assignment.

It is the legally acceptable evidence that ties your payment to your legal ownership and shows you now own the land/building.

A Deed of Assignment is what makes you the owner. It captures every detail of your land transaction: the full names of the parties, property’s exact description, purchase price and the date ownership officially changes hands.

Without it, your payment and even witnesses mean nothing in law. It is the document that tells your ownership story long after memories fade and witnesses disappear.

Be a smart buyer/investor. Understand that a Deed of Assignment is the final proof of ownership, not the payment receipt, debit alert, statement of account or oral agreement.

It must be prepared by a Property Lawyer, signed by the seller, the buyer and their witnesses, then registered.

Registering it gives public notice of your ownership and reinforces your property rights against future claims, issues and double sales.

It also ensures that your interest in the property can stand in court, bank transactions or property transfers.

Buying a land or building that has a C of O without you having a Deed of Assignment is like putting something on nothing. It will collapse before your eyes.

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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