Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Treash(m): 7:04pm On Mar 04, 2019 |
LEGAL GUIDE TO BUYING PROPERTIES IN LAGOS.
STEP 1 – DECIDE ON A BUDGET AND LOCATION Buying a property is a big step involving a substantial long-term financial commitment, so think hard about what you can afford. Also, if you intend to live in the property, then you need to be sure that it is in a location you are happy at and can be for a very long time. Once you decide on a budget and location, then you are good to go and you can move on to the next step.
STEP 2 – HIRE A COMPETENT LAWYER Not all lawyers are experts in property transactions. It is not enough that you hire a lawyer, yes all lawyers have some idea about property law, but there are some issues which someone who is not a specialist in property matters would easily miss.
STEP 3 – LOOK FOR THE PERFECT (OR ALMOST PERFECT) PROPERTY Once you hire a lawyer, the next step is to begin the search for properties which match your budget and location. At this point, you can engage the services of an estate agent, the estate agent will look for properties which match your criteria, create a shortlist for you, and then organise for you to view the properties shortlisted. Your lawyer can also assist you in recommending a trustworthy estate agent, if your lawyer is involved in many land transactions.
STEP 4 – INVESTIGATING THE SELLER This stage is where your lawyer begins his/her work fully, the lawyer will conduct the proper searches, ask the right questions, and request for the right documentation to determine if the person you are speaking to about the property in Lagos, is the real owner. This is EXTREMELY important especially when the property in question is family land.
STEP 5 – INVESTIGATING THE PROPERTY At this stage, your lawyer will also play a big role. The lawyer will conduct the relevant searches and examine the appropriate documentation to ensure that the property is free from any encumbrance or pending litigation, that the property is not the subject of any Government acquisition, and that the property is not subject to any overriding interests
STEP 6 – VIEW THE PROPERTY At this stage, if you have confirmed that the person you are dealing with has title, and the property is free from any issues, then you should visit the land to physically inspect it. At this stage you want to ensure that the land and the environment meet your expectations. It is also advisable to conduct a site visitation with a registered surveyor who will look at the survey plans and advise on the property as well.
STEP 7 – NEGOTIATION Here both the buyer and the seller have satisfied themselves that the deal can proceed, it is now a matter of agreeing on an acceptable price for the land. Your lawyer will be very instrumental here as well, as the lawyer will also be able to give you a solid indication of what future liabilities will exist for you (stamp duty fees, other government fees).
STEP 8 – DOCUMENTATION If the negotiation goes well and the offer is accepted, then your lawyer (and the seller’s lawyer) can move to the stage of drafting and negotiating all the completion documents. In land transactions in Lagos, there are 3 main documents – the contract of sale, the receipt, and the Deed of Assignment. The lawyers will deal with this, and ensure that the interests of both parties are addressed.
STEP 9 – COMPLETION, EXCHANGE & POSSESSION At this stage, the buyer and the seller have signed and exchanged contracts, and the buyer is now in possession of all the original title documents and transfer documents. The purchase price of the property has also been made at this stage. Once all that is complete, the buyer becomes the owner of the property and can take possession
STEP 10 – POST-COMPLETION Once the buyer has taken physical possession of the property, the next step is to file all the necessary documentation with the appropriate government authority and then commence the process to obtain Governor’s consent of the transaction. Once Governor’s consent is obtained a Certificate of Occupancy is issued, and the property transaction is then complete.
Barr. Ayo Aderinto 08068088866 ay4u888@gmail.com
Credit: Lawpadi |
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by PYSHomesUK3: 12:34pm On Mar 05, 2019 |
Hi goodday all lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by oalandAgents2: 10:37am On Mar 06, 2019 |
morning to you all lawyer: [size=14pt]4. Government Gazette:[/size]
This is a document that records and states the areas the government has willingly given to the family and community to sell and that the government will not acquire it for what so ever reason except it duly notifies the world. The major characteristics of a gazette on provides 2 things.
1. The Area e.g Ilupeju
2. The coordinates e.g the Beacon Numbers that separates where the Land given to the family starts and stops. This is Known as an Excision. That means in a whole portion of land lets say 10 PLOTS, Government has excised 4 to the family and has taken 6 plots for its own use. Those 4 Plots will now be documented in a book form known as a Gazette. Its the Coordinates you will get to know where the 4 plots start and ends. You can never know with a unclothed Eye!
Now the danger of the Gazette that i have seen in my experience is that people who see the gazette, jump up and down and accept it whole line and sinker and proceed to pay to the family because that area is listed in the gazette and they believe that area is free. Thats very wrong and dangerous.
It is only an Alausa Surveyor that can come to that gazetted area, map out the coordinates and tell you precisely whether your property falls inside the gazette or not. I have seen places where people purchased the lands that are outside the gazetted excision and still believe they are inside the gazetted excision coordinates. I have seen lazy lawyers and surveyors who wont take that time and patience to verify this one particular issue. I have seen fake gazettes with fake coordinates and worst of all i have seen people pay hard earned cash for those places that are most certainly going to be demolished.
Never ever play with a Government Gazette. They know why they documented it for you to see and if you refuse to follow those rules, you will heavily dealt with.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by oalandAgents2: 10:39am On Mar 06, 2019 |
Happy to be with you all lawyer: Anyway i have decided to assist people more this year 2010 and i thank so many people that brought me back to Nairaland via emails and phone calls from around the world through words of encouragement and blessings when i wanted to quit due to the malicious things some Nairalanders were saying about me and to repay this gesture as my gift back to Nairalanders this 2010, i would do the following for every Nairalander that wants to buy a property free.
[b][size=14pt]1. When you intend to get a property, after you discuss with the agent or family selling, get a copy of the survey plan to me and i will do the survey search in Alausa for you free to know whether you should proceed to stage 2 or to forget the whole property from the beginning to save you stress and wahala. Just scan a copy of the survey plan and send it to me at barrister_matto@yahoo.com or call me on 07036681104.
Introduce your self and please try and convince me the reason you need the property search because i sift through my mails to know who is a time waster, clown or someone that truely needs assistance. Leave your number so i can call to tell you the result and advice you on the next stage which would include visiting the place physically to ascertain the coordinates because i have seen situations where the Survey Plan given is different from the Coordinates of the Proposed Land for sale. So when it is time for Stage 2 to carry me out, abeg prepare my deregulation money for hand o! (Joking)
This offer is only Open to Lands in Lagos State Alone and doesnt extend to Mowe/ Ofada/ Ogun state because of the distance going to Abeokuta back and forth. Alausa is Easier for me because my Office is a stone throw in Ikeja so i can hop in 10 times a day to get my information without crying over it in terms of the distance and transportation cost.
One more thing please, respect the fact that even though i am offering a free service, i have the right to cancel it at anytime if i realise am being taken for a ride. Property Search is a very very difficult process and if you think i am lying, devote a full day to do all the walking around in Lagos Traffic and meeting all sorts of people trying to hoodwink you and see if you have the mental capacity to withstand the shock and value how much a search would really cost if you did it alone
So take advantage of me now before i change my mind![/size] [/b].
If all is clear and you understand it throughly, then Good luck this 2010 in acquiring your dream property and may God continue to replenish your pocket to actualize your dream home and me the strenght to waka the whole of Lagos on your behalf so that you would have a Property/ Land Scam - Free year.
[b][size=14pt]Finally Remember that You are not offending anybody if you are taking all the necessary steps before you drop your money for any Property Transaction, Rather your safeguarding your hard earned Money. Many Have gotten their fingers burnt for failing to do what is required in a property purchase. Its not how long but how well. Do the due diligence step by step. The property is not running away, rather its your money that will run away if you dont take these steps!Those that i have assisted one way or the other on Nairaland to do a search or acquire properties will tell you how extremely thorough i am.
One more thing. If you intend to buy a property in Addo/ Badore Ajah Estates, please dont waste my time and your time. 85% of those lands / Estates there are under government acquistion and are Committed Areas. Governmnent has Acquired over 300 Hectares of Land in that place and thats approximately almost 5000 plots.
Anyone who has bought there or is intending to buy there that falls within that Committed Area is just wasting his/her time living in fear of demolition or whatever the government decides to do in that place. Nobody in those committed Areas will be able to get their C/O and anyone telling you otherwise is lying. I will not entertain searches emanating from those areas anymore. I am tired of going to the Survey General's office and hearing the same thing that it is a problematic area. Buyers Beware.
This is the problem of not doing a proper search in an area before you rush and buy land. Learn from the mistake of others before you rush and join them in their own problem. Omonile will forever convince you that the place is safe but Omonile will never refund your money after you have been 419ed! Property Buying is the easiest 419 Nigerians Fall for daily that never ceases to amaze me. Please be safe and intelligent before you make your next purchase. Whether the land is going for N400,000 or N400Million, protect your money. You didnt steal it, you worked hard for it, so dont let some people steal it from you because you failed to look before you leaped!
Cheers
[/size][/b]
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by PYSHomesUK3: 4:17pm On Mar 06, 2019 |
good lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by soulchuks: 4:26pm On Mar 06, 2019 |
good evening house lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by PYSHomesUK3: 1:02pm On Mar 07, 2019 |
lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by soulchuks: 1:36pm On Mar 07, 2019 |
good lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by oalandAgents2: 3:13pm On Mar 07, 2019 |
good day all elseohjay: Hi Lawyer,
Thanks for the valuable info. Just a quick but not completely related query:
If I am buying an existing completed building with an existing C of O, I like to know, would the existing CofO in the seller's name suffice or would I have to get another CofO for myself. Someone suggested I may need to get Governor's consent. Is this the case, and if so would the valuation for the governors consent be based on the value of the land or the entire building? many thanks for your prompt response
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by bumperKE: 3:44pm On Mar 07, 2019 |
nice lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by lewisray: 6:36pm On Mar 07, 2019 |
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by macbillion(m): 8:31pm On Mar 07, 2019 |
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by PYSHomesUK3: 9:36am On Mar 08, 2019 |
good morning all lawyer: [size=14pt]3. Certificate of Occupancy, Government Allocation, Governors Consent:[/size]
These 3 are the dream lands or properties you can buy from with no stress or wahala what so ever. Any property that has any of the 3 is a very Good property to buy and to search them in Alausa is very easy because the records are there. In most situations, i will encourage you to look for properties that have a Global C/O, Private Certificate of Occupancy, Government Allocation or Governors Consent. Its so easy to perfect your papers in Future and your most likely in Most situations going to get compensated from the Government in case anything goes wrong if they attempt to acquire it or query it.
The only problems i have seen is that most properties or lands with a C/O, Government consent or Government allocation letter are quite expensive because of the paper work that has been done thoroughly by the present seller and it almost eliminates omonile from the transaction in most cases. So because the owners know that they have correct papers, they market and sell their properties quite high too because they are selling you gold. But then again you need your lawyer to help you negotiate favourably to make sure the property becomes yours.
The second problem is the issue of fake C/Os, Government Allocation Letters and Governors Consent. In my experience i have seen more than enough fake documents and these agents or omoniles would be so bold enough to dare you to go and check it in Alausa. They will so brain wash you and brag about its validity that you might be tempted to take their word for it but when you decide to go and search it in Alausa, you will find out that it doesnt exist and when you go back to challenge them, you hear new stories and unbelievable song and dance stories that you would almost want to puke.
Always demand for the Document to do the search. Dont listen to their stories. If they go as far as saying they wont release the C/O or Governors consent due to security risks, ask them for the number alone and the rest will be investigated. Dont compromise and get hoodwinked. Its the way they get their bread and butter. You fall for the scam, your on your own.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Freyanairaland: 10:25am On Mar 08, 2019 |
Hello lawyer what documents should a resettlement land come with? Does the Fcda letter of resettlement do? |
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by PYSHomesUK3: 10:36am On Mar 08, 2019 |
lawyer: [size=14pt]2.The Deed of Assignment or Conveyance[/size]:
This is the second most important document you need to do a personal search. A deed of conveyance or assignment traces the history of how the property or land has reached the present owner till date. It relates all the information in respect of the true owners of the land before it was passed to Mr A and How MR A sold it to Mr B and How Mr B intend to sell it to you. With that document, you can trace in most respect the original families to find out if there is any dispute as to the ownership of the land how it has been transfered. It is extremely important to trace the original source of the land because its there you know if the land actually has been duly transfered to the present owner. It is here you get to know of if there is any family dispute and some families are still quarreling over the true ownership of the land. It is there you tend to get the family names to go and do a thorough search in court or Alausa to know of any lingering dispute. Its here you get to know the hanky panky the present owner intends to play when he begins to tell you cock and bull stories so that you pay for the land immediately.
Never fall for this trick. Ask for a copy of the deed if they have one and hand it over to your lawyer for a through search on the family. To be honest this is the most difficult search of them all and it takes the special grace of God to make sure you come out unscathered.
Ways the present owner can decieve you includes:
1. Presenting a false person to Assume the identity of the Original family so as to pretend that he or she sold it to the family 20 years ago
2. Telling you that the family is non existent anymore or they have moved away from that vicinity
3. Telling you all the family members have died
4. Coercing you that you dont need to meet the family because since it has been sold to him, he is the rightful person to sell to you.
This number 4 is a bloody lie and there is a reason which i wont mention here why this particular reason shouldnt stand at all and i can only disclose that in confidence based on the legality of it and the possible back door approach that Alausa frowns upon especially when your perfecting your papers tomorrow.
Bottom line, the deed of assignment is a major search instrument to know the how, why and when of the property you buying and it is very very stressful. So either be prepared to do all the walking, CID/FBI investigations or give your property lawyer on your behalf.
I hope you now know why search is not cheap!!! They say Good soup na money kill am or Penny Wise pound foolish. Because once you fail to get the real identity of the true family owners, your money has been sunk into the whitest of all elephant projects you can dream of, so be more vigilant this 2010.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by segzeal(m): 10:58am On Mar 08, 2019 |
Your info has been really great and very insightful too.
I'd like to know more about acquisition of estates by property companies and what exactly is the key difference between buying into an estate and buying outside an estate? What are the benefits especially as one involves developmental levy and the other does not?
Also, what are your thoughts about acquiring landed property in Ibeju Lekki?
Kind regards. 1 Like |
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by bumperKE: 1:24pm On Mar 08, 2019 |
nice lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by oalandAgents2: 2:52pm On Mar 08, 2019 |
lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by soulchuks: 1:24pm On Mar 11, 2019 |
happy new week lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by oalandAgents2: 1:57pm On Mar 11, 2019 |
happy new week lawyer:
Below is a sample of a surveyplan. It contains all the mappings and coordinates of an area you want to buy. It is through this survey plan the first search can discover whether it is free from acquisition or it has been acquired by Government.
Always demand from the agent a copy of the survey plan of the property you intend to buy from the owner to aid you in your search. I have seen hundreds and hundreds of properties that have been advertised both on NL and outside Nairaland that look so sweet but from the survey plan it can be easily discovered that it is under Government acquisition especially in Ikorodu and Lekki/ajah.
A deed of assignment is a written agreement between the owner that sold it to you and the new purchaser to buy a land or property. Without this deed, you have no proof that a purchase occured. Most people always rely on recipets to show proof but time and time again, these recipets can be falsified or denied by the seller when ever he wants to sell the land to another person but a deed of assignment describes the time the transaction was made, between which parties, the location of the property, the survey number, the amount it was sold and the signatories to the transaction.
Unfortunately i cant show you any deed here as an example because i need to maintain the confidentiality of clients but maybe some day i might draft a sample deed of assignment and post it for you to see.
Below is the survey plan sample:
Cheers
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by oalandAgents2: 2:01pm On Mar 11, 2019 |
happy new week lawyer:
Below is a sample of a surveyplan. It contains all the mappings and coordinates of an area you want to buy. It is through this survey plan the first search can discover whether it is free from acquisition or it has been acquired by Government.
Always demand from the agent a copy of the survey plan of the property you intend to buy from the owner to aid you in your search. I have seen hundreds and hundreds of properties that have been advertised both on NL and outside Nairaland that look so sweet but from the survey plan it can be easily discovered that it is under Government acquisition especially in Ikorodu and Lekki/ajah.
A deed of assignment is a written agreement between the owner that sold it to you and the new purchaser to buy a land or property. Without this deed, you have no proof that a purchase occured. Most people always rely on recipets to show proof but time and time again, these recipets can be falsified or denied by the seller when ever he wants to sell the land to another person but a deed of assignment describes the time the transaction was made, between which parties, the location of the property, the survey number, the amount it was sold and the signatories to the transaction.
Unfortunately i cant show you any deed here as an example because i need to maintain the confidentiality of clients but maybe some day i might draft a sample deed of assignment and post it for you to see.
Below is the survey plan sample:
Cheers
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by PYSHomesUK3: 4:22pm On Mar 11, 2019 |
lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Jamal090(m): 7:34am On Mar 12, 2019 |
segzeal:
I'd like to know more about acquisition of estates by property companies and what exactly is the key difference between buying into an estate and buying outside an estate? What are the benefits?
Hello Segzeal, I hope this might help. I am focusing on benefits of buying property from credible estate developers. Before acquiring a parcel of land, estate developers verify if the land is free from encumbrances or litigation, they only put up such land for sale if it is free of any issues whatsoever, thereby saving you from the stress and financial requirements of verifying on your own through hiring a lawyer/surveyor. A lot of amenities comes with buying into an estate, examples are good road network, drainage system, water treatment, armed security guards, perimeter fencing, gate house and sometimes estate wide surveillance security system to mention a few, thereby guaranteeing a serene and secure environment to live in. As opposed to buying out side an estate, how long do you have to wait for all this infrastructures to come in place within your neighbourhood. When it comes to documentation and perfecting your land titles, the processes are simplified if you buy from credible estate developers as they go throgh the rigorous processes at your behest saving you from the stress, financial obligations and the long process of bringing a lawyer and a surveyor in. Because of the developments within an estate, Estate lands also tends to appreciate a lot faster than its counterpart. There's a truck load of benefits in buying from credible estate developers, the above is just a few. 1 Like |
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Jamal090(m): 7:42am On Mar 12, 2019 |
segzeal: especially as one involves developmental levy and the other does not? The development levy is mostly a one time payment, except for monthly maintance fee like payment for security men and estate wide maintenance which you will still pay for your personal security or even to the CDA if you bought the land in a local area, outside an estate. As stated in my previous post you can see all the value you're getting for the Dev. levy. The key is finding a reliable estate agent (at no cost impication on your part) who will then find you a credible estate that meets your specific needs in conformity to your budget. 1 Like |
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Jamal090(m): 8:05am On Mar 12, 2019 |
segzeal:
Also, what are your thoughts about acquiring landed property in Ibeju Lekki?
Kind regards. Ibeju Lekki is the fastest growing city in Nigeria with a potential to 10x your investment within a couple of years. Since 2016, properties in Ibeju Lekki have appreciated by over 50% yearly(I can show you proof). The reason for this isn't far fetched, companies like Dangote Refinery, Sugar Plant, Fertilizer Plant, Lekki Free Trade Zone to mention a few, and also infrastructures(some proposed) like the Lekki deep Seaport, Lekki international Airport, 4th mainland bridge, smart city plan and many more, coupled with the presence of hundreds of estate developers are the major factors that have influenced the development of Ibeju Lekki. It is safe to say that people go for inspection/buy property in Ibeju Lekki every day. It is estimated that all the industries, proposed or already in place at Ibeju Lekki will create over a million jobs thereby creating a surge in the demographics of the axis. Ibeju Lekki is projected to account for almost 50% of Lagos State GDP by 2025, which is a point of note for savvy investors. In a nut shell, Ibeju Lekki property market is an investors delight with so much potential. Located near the ocean, with the presence of numerous beach resorts and leisure points, Ibeju Lekki creates a perfect blend between business, comfort and pleasure. Don't wait too long, time is of essence in real estate investments. You can contact me directly/WhatsApp on 07010816900 for a more detailed analysis. Best regards. 2 Likes |
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Treash(m): 10:28am On Mar 12, 2019 |
Essence of Caveats on Properties sought to be sold
A lot of Land sale adverts and posts have swept off the internet by self acclaimed Estate agents and companies with juicy offers and cheap prices. In the circumstance, prospective buyers are in a bid to procure the land unverified. May i relate with you that once you make your payments, the estate companies with default land documents then move to the next available victims, leaving you to engage in unwarranted expensive court litigation. Before you engage in a landed transaction, make sure you secure the attention and legal advice of a real estate solicitor to help in negotiation, search, verification, and probably proper execution of your final documents. Dont be appeased by a mere receipt as its inadmissible in court as a proof of title to land. Though the lawyer will charge his professional fees, but its quite unquantifiable to the subsequent loss you will incur on the entire land, when you have realised the land is fake.
For further enquiries, contact any of your lawyers or you can rather reach us on 08068088866. Thank you. Its Barrister Ayo Aderinto, Nigeria. |
Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by soulchuks: 2:44pm On Mar 12, 2019 |
HI ALL lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Treash(m): 3:44pm On Mar 12, 2019 |
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by oalandAgents2: 4:59pm On Mar 12, 2019 |
good day all lawyer: Hi Everyone! 2009 and 2010 was great for so many reasons because i made people finally realise they have the power to determine how they buy property before throwing away their hard earned money. Personally i feel very very fulfilled that i did my best to help a lot of Nairalanders search properties and recommend the ones that are valid and the ones that have so many hidden problems that by the time you purchase it, you end up having more headaches than when you previously didnt buy any land. I was doing my calculation yesterday and i realised i have turned down almost N165Million worth of properties that were advertised to be sold to intending purchasers that had so many hidden scruples that the agents and omoniles wont tell you till you commit your money and then its from frying pan to fire.
For the avoidance of doubt for First Time Property/Land Buyers or New Nairaland Property Viewers and Readers who dont know what a property search is, it means before you buy any land or property whatso ever in any form or shape where ever, you have to know the validity of it.
Lagos in particular is so notorious when it comes to sale of property or land that have so many fraudulent defects surrounding that land/ property that you wont even know what has hit you. These set of people are known as the Omoniles, land grabbers or land touts.
Omoniles naturally should mean owners of the original land which includes the original family that truthfully inherited the property from their fore fathers that has passed down to them. But the real problem comes when there are so many members of the family that are divided in terms of claiming ownership of the lands and how the land truthfully devolved to them. Before you know it, a property that is meant to be shared by a family of 3 to claim ownership is now being contested by the brother in law, the aunty, the great grand uncle relatives etc and thats when they begin to employ touts going around to masquerade as the original owners with the right to sell and after you fall victim of their sweet tongues and coercion, you realise that you bought from the wrong family or the wrong set of people who have no right to sell the land to you and you would be confronted by the original owners when you have started building half way and forced to cough out another payment to the real owners or be thrown out of the land. Trust me this scourge is very very real and 65% of lands in lagos have this problem one way or the other.
The other way your being decieved is by telling you the genuiness of the property comes from a set of documents. Those set of documents include either a survey plan, a deed of assignment, a certificate of occupancy, government allocation letter, government gazette or governors consent.
They will show you all manners of papers to make you believe them instantly and start pointing to different houses around there that has been built by one commissioner or one Minister or one big man and that their houses are still standing without any government wahala. What they want you to do is to instantly believe them and pay money to them immediately. One thing you can be rest assured is that, once you pay money to an Omonile, you will never ever ever get a refund of that money. Its gone and in some cases its in your front they will start sharing the money.
Dont ever ever fall for that trick. Always demand for what ever documents they have. I will point out the importance of each document to know the relevance of it and why it shouldn't be taken for granted.
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Re: Don't Be A Victim. Investigate Every Property Before You Buy Any Land This Year by Jamal090(m): 6:57pm On Mar 12, 2019 |
Jamal090:
Hello Segzeal, I hope this might help. I am focusing on benefits of buying property from credible estate developers.
Before acquiring a parcel of land, estate developers verify if the land is free from encumbrances or litigation, they only put up such land for sale if it is free of any issues whatsoever, thereby saving you from the stress and financial requirements of verifying on your own through hiring a lawyer/surveyor.
A lot of amenities comes with buying into an estate, examples are good road network, drainage system, water treatment, armed security guards, perimeter fencing, gate house and sometimes estate wide surveillance security system to mention a few, thereby guaranteeing a serene and secure environment to live in. As opposed to buying out side an estate, how long do you have to wait for all this infrastructures to come in place within your neighbourhood.
When it comes to documentation and perfecting your land titles, the processes are simplified if you buy from estate developers as they go throgh the rigorous processes at your behest saving you from the stress, financial obligations and the long process of bringing a lawyer and a surveyor in.
Because of the developments within an estate, Estate lands also tends to appreciate a lot faster than its counterpart. There's a truck load of benefits in buying from credible estate developers, the above is just a few. Note the use of the word "credible" in the quoted post. When it comes to credibility, there are certain developers worthy of note. Some of these developers never put a property up for sale until it has been excised and gazzeted at the very least. I even know some developers who only sell properties with either a C of O Title or a Governors Consent. Nothing less. |