CONSULT A PROPERTY/REAL ESTATE LAWYER IN GREATER PORT HARCOURT LAND PURCHASE

CONSULT A PROPERTY/REAL ESTATE LAWYER IN GREATER PORT HARCOURT LAND PURCHASE

Investing in land is a major financial decision, particularly in a rapidly developing region like Greater Port Harcourt. With opportunity comes risk, even in real estate, where legal issues and ownership disputes are common.

Consult a Property Lawyer before buying land in Greater Port Harcourt.

1. Ownership Verification: Verify the ownership and confirm that the seller is the legitimate owner. Greater Port Harcourt, like many developing areas, has cases of fraudulent sales and “land grabbers” attempting to sell land they don’t actually own. A Property Lawyer will conduct check in land registries and other legal databases to ensure that the seller is genuine. Some have already been acquired by Government.

2. Land Use Laws: Rivers State Government and Greater Port Harcourt City Development Authority have zoning/land use regulations for different parts of Greater Port Harcourt. Certain areas are zoned exclusively for residential, commercial, agricultural or industrial uses. Some are acquired by Government.

3. Due Diligence on Restrictions and Liabilities: Do due diligence to check for any issues. This assessment helps guarantee that the land you are buying is free from any legal or financial liabilities, which would otherwise be transferred to you.

4. Proper Land Documentation and Registration: Have a land/building purchase agreement prepared by a Property Lawyer to ensure proper documentation and registration, and that the terms of the purchase are in the buyer’s favour.