NOT MAKING A REGISTERED SURVEY PLAN: A COSTLY MISTAKE WHEN BUYING LAND/HOUSE
One of the biggest mistakes land/building buyers make is failing to make a registered survey plan when buying land or building.
A Survey Plan is not just a map. It is a legal document that defines the exact size, boundaries, location and co-ordinates of a property. Skipping this step can lead to serious financial and legal troubles.
Without a registered survey plan, a buyer risks boundary disputes with neighbours.
Some buyers unknowingly purchase land/building that encroaches on government-acquired areas or land designated for particular use, waterways or roads earmarked for future development, leading to demolition, eviction or loss of investment.
Without a registered survey plan, a buyer may struggle to obtain a Certificate of Occupancy (C of O), Governor’s consent or register their ownership with the Government.
The best way to avoid these troubles is to engage a registered Surveyor and a Property Lawyer/Attorney before finalizing any land transaction. The Surveyor ensures the land is properly mapped while the Lawyer verifies that the survey is registered and aligns with official records.
In real estate, not making a registered survey plan is like buying a car without knowing if it has an engine. Always demand a proper survey and hire a Property Lawyer to secure your investment.
__________________
APEX CHAMBERS, Law Firm of Property/Real Estate and Business Lawyers, Attorneys, Barristers, Solicitors and Notary Public with Law Office in Port Harcourt, Nigeria.