IRREVOCABLE POWER OF ATTORNEY FOR LAND

In several Nigerian States (such as Abia State, Imo State, Enugu State and Akwa Ibom State) a Deed of Irrevocable Power of Attorney is used to transfer ownership of land/building.

It is a binding legal document that grants the buyer full authority over the property, including the power to take possession, manage, develop and perfect ownership at the Lands Registry.

When properly drafted, it gives the buyer strong legal standing but when poorly prepared, it negatively impacts on the buyer’s ownership rights.

Many buyers make the big mistake of downloading templates or getting non-lawyers to prepare Irrevocable Power of Attorney.

That is very risky. One wrongly worded clause, missing term, drafting error or ambiguity can expose the buyer to revocation claims, ownership or boundary disputes, or avoidable financial loss.

A Deed of Irrevocable Power of Attorney must be well structured to reflect the true intention of transfer of ownership, contain protective covenants, price and perfectly align with applicable land laws in the State where the property is located.

Shortcuts are to be avoided.

To truly protect your property/business investments and prevent issues in the future, it should be prepared by an experienced Property Lawyer who understands the legal implications and ensures your ownership is secure.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

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