CONFIRM LAND SIZE BEFORE BUYING

CONFIRM LAND SIZE BEFORE BUYING

A businessman was happy after buying what he was told was a full plot of land.

The seller was believable and the agent assured him everything was in order.

Months later before construction, a survey revealed that the land was way smaller than one plot.

In Nigeria, the word “plot” is used casually, but not every plot is the same size. What one seller calls a plot may be quite different from what another seller means.

Some plots measure 450 square metres, others 465, 500, 600 or even more. Yet many buyers never confirm how many square metres they are actually buying.

Measure the land. The true size of a property is contained in the Survey Plan and other relevant documents, not in oral assurances.

Relying on a realtor’s description without verification can lead to issues, loss, reduced development potential and disappointment when the land turns out to be smaller than expected.

Before you pay for land/building, get a Property Lawyer to review the Survey Plan, verify the dimensions, examine ownership documents, conduct due diligence (investigation) and ensure that what is being offered for sale matches what is on ground.

Distance, trust and excitement has a way of making land buyers overlook important details.

At Apex Chambers, we emphasize that assumptions are expensive. Before paying for land, confirm the exact size in square metres and the documents support it.

Buy right. Invest in peace of mind.

______________
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