CONFIRM LAND SIZE BEFORE BUYING

CONFIRM LAND SIZE BEFORE BUYING

Plot sounds simple, fixed and safe. But in land transactions, plot is one of the most expensive assumptions you can ever make.

Before you pay for land/house in Nigeria, confirm the exact size in square metres.

This is because what a seller or realtor/estate agent calls one plot or half plot of land may not be the true measurement captured in your Survey Plan.

In real estate, land size is not recorded in plots but in square metres which is more accurate. Plots exist only in conversation. Plot is relative.

Survey Plans, Courts and Government records do not recognise plots, only square metres.

A plot in some cities (like Port Harcourt) is 465 square metres. In some other cities/towns it may be 669 square metres.

So if you are not careful, what is sold to you as one full plot may be barely 300 square metres when properly surveyed.

This is how buyers overpay and disputes start when you discover too late that the land you bought cannot take the building you planned to erect on it.

A Survey Plan states land size/measurement only in square metres.

So before paying for land or signing a land sale Agreement, get a licensed Surveyor to confirm the exact size of this land in square metres.

Note that land value, building approval, resale value and legal security depend on that number.

Know this and know peace.

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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.