7 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐥𝐚𝐧𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐲𝐨𝐮 𝐦𝐮𝐬𝐭 𝐤𝐧𝐨𝐰 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠 𝐚 𝐥𝐚𝐧𝐝 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚. It is imperative that any individual who intends to purchase landed property must know and understand the types of documentation that governs land transactions. It is a pity that only about 12% of land purchasers know and comprehend what land documents truly mean and the reason which they serve. One of the most significant methods for making a claim for land ownership as well as in any landed properties’ exchanges is by having title documents that are important and recognized by different government rules and laws on such landed properties. The introduction of any of these title documents will help make the claim of ownership or transaction become legitimate after confirmation from the fitting government offices accountable for all landed properties’ issues in Nigeria. There are 7 Basic title documents relevant to landed property ownership in Nigeria which are: CERTIFICATE OF OCCUPANCY DEED OF ASSIGNMENT/CONVEYANCE DEED OF LEASE DEED OF SUB-LEASE LAND CERTIFICATE DEED OF MORTGAGE SURVEY PLAN 1. CERTIFICATE OF OCCUPANCY A C of O is the officially recognized Land Document for demonstrating Right to a Land. It is a Land Document given by the State Government which officially leases any land under the state to the applicant for 99 yrs. As previously known, all lands belong to the Government. 2. DEED OF ASSIGNMENT/CONVEYANCE This is a very important document that must be demanded and given to a purchaser after the conclusion of any land/property transaction between such Buyer and the Seller of the property in question. The Deed of Assignment contains very pertinent information for a real estate transaction. For one, it spells out the date when the ownership of the property transfers from one owner to the other. The deed also gives a specific description of the property that is included in the transfer of ownership. To be continue... #Memoriespremierproperties #Realestatedoctor #therealestatedoctor #landdocuments #nigerialands #landtitle #nigeria #homeadvantage #realtorsinlagos #orchidroad #fooddeliverylekki #learnreales (at Eleganza Estate, Lekki, Lagos) https://www.instagram.com/p/CP3Jv-6Lmud/?utm_medium=tumblr
