A PROPERTY LAWYER SHOULD INVESTIGATE THE LAND/ BUILDING YOU WANT TO BUY & ALSO PREPARE THE PURCHASE DOCUMENTS
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A PROPERTY LAWYER SHOULD INVESTIGATE THE LAND/ BUILDING YOU WANT TO BUY & ALSO PREPARE THE PURCHASE DOCUMENTS
One easy way to lose money and your dream property in Nigeria is to buy land or building without due diligence (investigation).
This is not just a casual check. It is a deep, structured legal investigation that digs into the true identity, history, ownership, status, risks and hidden dangers surrounding a land/building before you pay one naira.
Comprehensive due diligence means verifying ownership, investigating Government interests, uncovering pending disputes, exposing disagreements, checking survey accuracy, checking for Government acquisition and whether the property has been earmarked for public project.
This helps a land/house buyer in Nigeria or abroad avoid losses.
At Apex Chambers, we recently conducted such an investigation for a client only to discover that the property had been set aside by the Government for use as a waste-recycling site.
Without due diligence the buyer would have lost millions of naira on land he could never lawfully build on.
When a buyers skips due diligence, he risks losing money, property, with no legal remedy, facing lawsuits or buying Government land, disputed land or land sold by scammers.
Due diligence must be done by an experienced Property Lawyer.
If the investigation confirms that the land/building is safe, a trusted Property Lawyer should draft, prepare and perfect your purchase documents before you pay for the land.
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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