THE ROLE OF A PROPERTY LAWYER IN PROPERTY/REAL ESTATE TRANSACTIONS IN NIGERIA

THE ROLE OF A PROPERTY LAWYER IN PROPERTY/REAL ESTATE TRANSACTIONS IN NIGERIA

In Nigeria, property transactions involve legal processes that require expert legal guidance. A Property Lawyer plays a vital role in ensuring that these transactions are conducted smoothly, efficiently and legally.

His expertise helps protect a buyer and investor from issues and losses.

Roles of a Property Lawyer in Nigeria are:
1. Conducts thorough research (due diligence) on the property’s ownership and any issues.
2. Examines documents and negotiates, ensuring that terms and conditions favour the buyer.
3. Prepares and reviews important documents such as land/building purchase agreement (Deed), mortgage and lease.
4. Ensures that all property transactions comply with laws.
5. Resolves conflicts and disputes that may arise.

Risks of Engaging in Property Transactions without a Property Lawyer:
1. Without proper due diligence, you may purchase a property with hidden issues, leading to huge loss.
2. Failure to verify the property’s ownership can result in disputes over ownership.
3. Poorly drafted contracts can leave you vulnerable to exploitation or disputes.
4. Ignorance of property regulations can result in fines, penalties or criminal liability.
5. Improper documentation or not complying with regulatory requirements can invalidate the transaction.

Get a Property Lawyer.
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APEX CHAMBERS, Property/Real Estate Lawyers, Attorneys, Barristers & Solicitors in Port Harcourt, Rivers State, Nigeria.

Phone: +234(0)7030868694

Email: info@apexchambersglobal.com

Website: www.apexchambersglobal.com