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Nairaland Forum / Nairaland / General / Properties / What U Must Know Before Buying A Land/house In Nigeria (510 Views)
Places In Lagos You Should Be Careful Of Before Buying Land / Questions To Ask Before Buying A Land / Why You Should Buy Land / House From Estate Companies (2) (3) (4)
What U Must Know Before Buying A Land/house In Nigeria by MCastle: 7:58pm On Jun 14, 2017 |
It's very important you understand the documents When you are buying and properties This are the very important ones and explanations *EXCISION* Land Use Decree on the 28th of March, 1978 that vested all lands in every state of the Federation under the control of the State Governors. The Land Use Act coupled with other laws made it possible for the Governor who was now the owner of all lands in the state to actually have the power to Acquire more lands compulsorily for its own public purpose to provide amenities for the greater good of the citizens. Fortunately, the government recognizes that indigenes of different sections of the country have a right to existence . . . a right to the land of their birth. Hence, it is customary for state government to cede a portion of land to the original owners (natives) of each area. An Excision means basically taking a part from a whole and that part that has been excised, will be recorded and documented in the official government gazette of that state. In other words, not having an excision means the land could be seized by the Government anytime without compensating you even if you bought it “Legitimately” from the Baale or the Original dwellers on the land. *DEED OF ASSIGNMENT* A Deed of Assignment is an Agreement between the Seller of a Land or Property and a Buyer of that Land or property showing evidence that the Seller has transferred all his rights, his title, his interest and ownership of that land to that the Seller that has just bought land. The Deed of Assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a _*Governor’s Consent*_ or _*Registered *GAZETTE* A Gazette is an Official record book where all special government details are spelt out, detailed and recorded A gazette will show the communities or villages that have been granted excision and the number of acres or hectares of land that the government has given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public and not anything outside those hectares of land given or excised to them. A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the Villagers. A community owning a gazette can only sell lands to an individual within those lands that have been excised to them and the community or family head of that land has the right to sign your documents for you if you purchase lands within those excised acres or hectares of land. If the government based on some reasons best known to them decides to revoke or acquire your land, you will be entitled to compensation as long as it’s within the Excised lands given to that community. The best way to know whether a land is under acquisition or has an excision that has been covered by a Gazette is to get a surveyor to chart the site and take it to the surveyor general’s office to do a land information to confirm whether it falls within the gazette and spell out which particular location it can be found. *CERTIFICATE OF OCCUPANCY* A Certificate of Occupancy (C of O) issued by the Lagos State Government officially leases Lagos land to you, the applicant, for 99 yrs. As already indicated above, all lands belong to the Government. 08161333339 https://landforsalenaija..com.ng/2017/06/am-sure-you-have-heard-of-lekki-phase-1.html?m=1
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Re: What U Must Know Before Buying A Land/house In Nigeria by MCastle: 8:02pm On Jun 14, 2017 |
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Re: What U Must Know Before Buying A Land/house In Nigeria by MCastle: 2:37am On Jun 15, 2017 |
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Re: What U Must Know Before Buying A Land/house In Nigeria by MCastle: 2:39am On Jun 15, 2017 |
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Re: What U Must Know Before Buying A Land/house In Nigeria by MCastle: 2:30pm On Jul 01, 2017 |
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Re: What U Must Know Before Buying A Land/house In Nigeria by MCastle: 10:02pm On Jul 01, 2017 |
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Re: What U Must Know Before Buying A Land/house In Nigeria by MCastle: 5:35am On Jul 29, 2017 |
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Re: What U Must Know Before Buying A Land/house In Nigeria by MCastle: 5:35am On Jul 29, 2017 |
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Re: What U Must Know Before Buying A Land/house In Nigeria by MCastle: 5:36am On Jul 29, 2017 |
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