DUE DILIGENCE: THE UNSUNG HERO OF PROPERTY TRANSACTIONS

DUE DILIGENCE: THE UNSUNG HERO OF PROPERTY TRANSACTIONS

When buying a property/house/building, the excitement of owning a new land, home or investment can cloud your judgment.

You were shown land documents and told the seller owns the land/building and you just believed? And you’re ready to pay. Wrong!

Rushing into a buying a land or house without proper due diligence (investigations) can lead to costly consequences. This is where a Property Lawyer/Attorney steps in to safeguard your investment and ensure a smooth transaction that you will not regret.

A Property Lawyer/Attorney conducts extensive search and investigations to verify the property’s authenticity, ownership and be sure there are no issues. His role includes:

1. Verifying the property’s true ownership and ensuring the seller has the right to sell.
2. Confirming the property’s boundaries, size and any problems.
3. Examining ownership documents, contracts and other records to ensure legal compliance.
4. Confirming that the property’s intended use is permitted by Government regulations.

Paying for a property without due diligence can lead to

1. Loss of Investment: Buying a property with hidden problems can drive you into unimaginable losses.
2. Ownership Dispute: Buying a property without verifying ownership can lead to avoidable ownership disputes.
3. Regulatory Issues: Not complying with usage regulations can result in fines or demolition.
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APEX CHAMBERS, award-winning best Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers , Solicitors, Advocates, Legal Practitioners, Legal Consultants providing legal services and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com