When buying land/house with a Certificate of Occupancy (C of O), do not stop at signing a Deed of Assignment.
Many people feel that once they pay for land with a C of O, they automatically become the owner. This mistake expose many people to avoidable disputes, losses and long years in court.
When you buy land covered by a C of O in Nigeria, an experienced Property/Real Estate Lawyer should prepare a Deed of Assignment for you, to legally transfer ownership from the seller to you.
But the process does not end there. With the Deed of Assignment, the Lawyer will apply for and obtain the Governor’s Consent and complete registration, as required by law.
These steps strengthen your legal ownership and make your interest in the property secure.
Skipping any of these legal requirements can create serious problems. You may face difficulties proving ownership, selling the property, using it as collateral for loan or defending your rights.
This is why every person, whether in Nigeria or living abroad, who wants to buy land/building in Nigeria, should get an experienced Property/Real Estate Lawyer before paying.
Your Lawyer will conduct proper due diligence (findings), draft the correct documents, process the Governor’s Consent, complete registration and ensure your investment is fully protected.
Apex Chambers advises that you acquire land/property the right way, with your ownership legally secure for now and the future.
Buy right.
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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
