SMART LAND/BUILDING/PROPERTY BUYERS CONDUCT DUE DILIGENCE
Days ago, a Nigerian lady residing in Canada engaged Apex Chambers to do a full background check and contract review for a property she intends to buy from a real estate company in Omagwa, Rivers State.
This isn’t her first time hiring us – she previously relied on our expertise when purchasing land. Her decision to seek legal guidance again emphasizes a vital truth: due diligence (investigations) is needed to secure property investment.
Gains of making due diligence:
✅ Legal Assurance – Ensuring the land is free from disputes, government acquisition, or other issues.
✅ Financial Security – Avoiding fraudulent transactions that could lead to loss of money.
✅ Contract Protection – Reviewing agreements to prevent unfavourable terms and liabilities.
✅ Peace of Mind – Knowing she is making a safe and informed investment decision.
On the flip side, neglecting due diligence can lead to disastrous consequences:
❌ Buying land from fraudsters or someone who is not the owner.
❌ Facing costly legal battles over ownership disputes.
❌ Losing property to government demolition.
❌ Falling victim to scam sales, where the same land is sold to multiple buyers.
At Apex Chambers, we advise every property transaction should be backed by thorough legal scrutiny. If you’re considering buying land/building, don’t gamble; verify before you invest.
___________________ APEX CHAMBERS, Property/Real Estate & Business/Corporate/Transactional Lawyers, Attorneys, Barristers, Solicitors, Advocates, Legal Practitioners, Legal Consultants in Port Harcourt, Nigeria.