WHY YOUR LAND PURCHASE DOCUMENT SHOULD HAVE A DECLARATION OF OWNERSHIP CLAUSE
When you buy land or house in Nigeria, your land purchase document (Deed of Conveyance or Deed of Assignment) prepared by a Property Lawyer should contain a declaration of ownership clause.
Your land/building purchase document must clearly and firmly declare your ownership, guarantee your right to quiet possession and stop the seller from making future claims.
Without this, you may pay in full, build in confidence and still wake up one day to lawsuit, rival claims or a seller who suddenly ‘remembers’ the land belongs to his elder brother.
A poorly drafted document leaves dangerous gaps. It may not fully transfer ownership, protect you against third-party claims or secure your right to enjoy the property peacefully without disturbance.
Absence of, or ambiguous, ownership clause is an open invitation to problem, litigation, loss of property/money and demolition of your structures.
A proper declaration of ownership clause confirms the seller’s authority to sell, affirms that ownership of the land/building has passed to you, guarantees quiet possession and shields you from past, present and future legal troubles connected to that property.
This is why should engage an experienced Property Lawyer.
At Apex Chambers, Property and Business Lawyers, well drafted ownership declarations are designed to protect your property investment and peace of mind whether you are buying from Nigeria or overseas.
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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