The concluding part of this series:

Number #5: DEED OF ASSIGNMENT
It amazes me when I see people buy land and not ask for Deed of Assignment forgetting that this is the only Land Document that shows you are the new owner of that land.

When issues arises from that land transaction this people will be the screaming that they have been duped by Omonile, yet they can’t provide a Deed of Assignment to that transaction which means they have no claim legally.

A Deed of Assignment is one of the most important documents YOU MUST HAVE when you conclude a Land Transaction.

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 the Buyer.

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.

Number #6: GOVERNOR’S CONSENT
Just like it sounds, a Governor’s Consent is a land document that is obtained whenever you buy a land with C of O. It’s the land document that lets the Governor and the general public know that the land in question has changed hands.

According to Section 22 of the LAND USE ACT 1978 as amended, this states thus:

“It shall not be lawful for the holder of a statutory right of occupancy granted by the Governor to alienate his right of occupancy or any part thereof by assignment, mortgage, transfer of possession, sublease or otherwise howsoever without the consent of the Governor first had and obtained”

It is very important for a purchaser of land to perfect his or her document by obtaining Governors consent so as to have a complete rest of mind.

An advantage of having a Governor’s consent is that you can transfer your land to another person without going to the Omoniles or Family Baale to sign your deed and Form 1c which are compulsory requirements needed before you can process Governors consent.

Number #7: RECEIPT
This land document is the least of all and is just for the seller to acknowledge that he/she has received the due money he/she wants to sell the land.
The mistake most people make is to think that A Land Receipt is the same thing with A Deed Of Assignment.