WHAT TO DO WHEN BUYING LAND/HOUSE FOR YOUR CHILD

WHAT TO DO WHEN BUYING LAND/HOUSE FOR YOUR CHILD

Did you know that in Nigeria a person below 21 years may not validly buy or own land/building?

Sadly, this legal rule is often overlooked, creating problems that may only surface years later.

The law is designed to protect young people from complex land transactions.

Land intended for a person below 21 years is expected to be held through a trustee, guardian or legal representative.

If where the land is acquired through inheritance, the ownership may be legally valid.

A parent may buy land in the name of a child without obtaining proper legal advice and years later issues may arise as to the validity of the transaction.

What looked like a a simple purchase can become a legal headache.

Parents buy land as investment for their children, believing they are securing their future. While the intention is admirable, it is proper that you use the right legal structure.

A very experienced Property/Real Estate Lawyer/Barrister will advise you on the safe and legal method of buying and holding property for a person below 21 years.

Proper legal guidance will help protect the investment, prevents future disputes and ensure that the property is enjoyed without avoidable legal complications.

Do not rely on assumptions, but on professional legal advice. At Apex Chambers, clients are regularly guided through these.

When buying land/house, good intention is not enough.

Use the right legal structure and avoid issues.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates, Counsel 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