THE DAY YOU PAY FOR LAND/BUILDING WITHOUT A PROPERTY LAWYER MAY BE THE DAY YOU LOSE IT
Chinedu thought he got a good deal. The land/building was cheap, the seller sounded genuine and a receipt was issued immediately he paid.
He did not get a Lawyer and no proper checks were made.
Six months later, a man showed up with stronger Government-recognized ownership documents.
What Chinedu had was ordinary paper and what the other man had was real legal ownership. This is how people lose land and buildings in Nigeria every day.
Buying property is not just about payment. It is about ownership, and ownership is only secured through proper legal verification and documentation.
Before you pay one Naira, a Property and Real Estate Lawyer must investigate the land (due diligence): confirm who is the real owner, check for Government acquisition, verify ownership history and find out if there is disputes over it.
If everything is in order, he will prepare land purchase documents (Deed of Conveyance or Deed of Assignment). This is the legal document that transfers ownership from the seller to you as buyer and protects you from future claims.
If it is poorly drafted or skipped entirely, you investment is in serious danger.
Many buyers make the big mistake of bringing in a Lawyer after problems arise. By then the damage is already done.
Avoid property purchase mistakes; get a Lawyer.
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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