THE RIGHT PROCEDURE WHEN BUYING LAND/HOUSE IN NIGERIA
In Nigeria, buying land or a house should be done the right way. One wrong step and you are in trouble.
The safest and smartest way to buy property in Nigeria is to engage an experienced Property/Real Estate Lawyer from the very beginning.
The first step is comprehensive due diligence (investigation). Your Lawyer must thoroughly investigate the land or building to confirm its ownership, check for Government acquisition, existing disputes, multiple sales, defective documents or other hidden issues.
Next, the Property Lawyer will help you engage a licensed Surveyor to prepare a registered Survey Plan. This ensures the actual size and boundaries of the land are clear and the Survey Plan is lodged in Government land registry.
After this, your Property Lawyer will prepare a solid purchase Agreement (a Deed of Assignment or Deed of Conveyance). This ensures ownership of the land /building is legally transferred to you. This is not a document to copy or download online.
Your Lawyer should also oversee payment on the day the Agreement is signed, ensuring payment is properly documented and receipt issued.
Finally, the Property Lawyer registers the purchase document, perfecting your ownership.
This structured process is how property is safely bought. Anything outside it is gambling.
At Apex Chambers, this procedure is strictly followed for clients in Nigeria and abroad because property mistakes are too expensive to correct.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria