HOW TO AVOID BUYING GOVERNMENT ACQUIRED LAND

HOW TO AVOID BUYING GOVERNMENT ACQUIRED LAND

A land/building purchase deal can look perfect now and become a legal disaster tomorrow.

A man living abroad was excited when he found a piece of land with building in Nigeria through a trusted contact.

The location was attractive, the price seemed reasonable and the seller had documents that appeared genuine.

Without carrying out proper legal checks, he paid for the property.

Months later, he got to know that the land had been acquired by Government. His money and dream project gone.

One big mistake land buyers make is assuming that documents alone prove that a land/building is safe to buy. A land may have documents and still carry serious legal problems.

A buyer who fails to investigate the true status of land/house risks losing money and the property. Developments on the land may be demolished.

So get a good Property/Real Estate Lawyer before paying. He will conduct official searches, examine ownership records, review survey documents and identify legal risks.

This advice also applies to Nigerians in the diaspora who rely on agents, relatives or friends when buying land/building in Nigeria.

To be safe, do not buy and then investigate later. Carry out proper legal due diligence before committing your money.

A Property Lawyer will help you avoid mistakes and secure genuine ownership.

A prudent property investor seeks legal guidance from reputable Lawyers/Law Firms.

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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