WHAT IS A DEED OF CONVEYANCE?

WHAT IS A DEED OF CONVEYANCE?

The moment money is paid for land and/or building, an important question becomes: who now truly owns the property?

In Nigerian property transactions, the document that clearly answers this question is the Deed of Conveyance.

A Deed of Conveyance is a legal document used to transfer the ownership of land or building (that has no C of O) from seller to buyer for an agreed price.

It is the document with which the seller passes his ownership rights and interests in a property to the buyer.

Without this document, a buyer may pay millions of naira and still lack legal proof that the property belongs to him.

Payment alone does not transfer ownership of land. A Deed of Conveyance is what legally moves the property from vendor to purchaser. It is a land/building buyer’s proof of ownership.

It contains details such as the description of the land/ building, agreed purchase price, names of the parties and a declaration that the seller is transferring ownership to the buyer.

Once properly drafted, signed, witnessed, stamped and registered, it becomes legal evidence of ownership.

A poorly drafted Deed of Conveyance document can create loopholes, issues and even loss of property by the buyer.

That is why an experienced Property Lawyer must handle the drafting to ensure the buyer’s ownership is properly secured.

In property transactions, a Deed of Conveyance is the legal bridge that firmly moves ownership from the seller to the buyer.

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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.