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Different Types Of Land Documents / Understanding Land Sizes & Measurement In Nigeria Real Estate Investment / Understanding Land Documents And Titles (2) (3) (4)
Understanding Land Documents In Nigeria by Elohimluxuryhom(m): 8:12am On Oct 31, 2020 |
Good day and welcome to my page am Promise Lordestiny CEO Elohim Luxury Homes and properties Ltd. In this discussion I like to help understand the various land documents we have in Nigeria, so that when you hear about it you can know what it means. In talking about this let's look at Land classification Land Classification Land can be classified as either free or acquired. A parcel of land is considered free if the government has not indicated any interest whatsoever in that land. Such land is safe to buy because the title on the land can be perfected without issues. In most cases, such lands will either have a gazette, a C of O or a governor’s consent. So let's look at this different documents more detailed. EXCISION 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. Global or General Acquisition Lands that are under “general acquisition” or “global acquisition” can later be confirmed ‘free’ or ‘committed’ as the case may be. A land under general acquisition can become free by a process called excision. There are two types of acquisition: Committed Acquisition Global / General Acquisition. Committed Acquisition A parcel of land is said to be under committed acquisition when the government has indicated an intention to use that land for a specific purpose such as provision of amenities. Such lands belong to the government and can never be available for use by individuals. If you purchase land that is under committed acquisition, it will be impossible for you to perfect your land title and you’ll only be occupying the land until the government comes to kick you out. I would continue tomorrow with the rest if I get any interest in the topic meanwhile Elohim Luxury Homes help you make land/property purchase/investment decision that gives you peace of mind as we partner with genuine and reputable Real estate companies in and outside Nigeria to bring you premium properties that gives you close to 100% returns on investment long/short term Check the flier for one of our currently fast selling Estate in Lagos Phase one is sold out already and we're on to phase two which will soon be sold out too. This is an investment opportunity read details ����� INTRODUCING…..GREENIVY ESTATE Phase 2 We present to you, one of the few real estate decisions that can guarantee you quick return on investment within a very short space. GreenIvy estate is a proposed estate development with close proximity to La Campagne Tropicana Resort in Ibeju Lekki. The phase 1 was sold out within one month and phase 2 is currently selling at a promo price of N1million for the first subscribers. The estate is 100% dry land with table topography and it is promised to be a state-of-heart estate you will love to own. *Location:* Ikegun, Ibeju Lekki *Plot size/Payment Plan:* (600sqm) per plot Outright - N1million 2-3 months - N1.2million (450sqm) per plot Outright - N850,000 2-3months - N1million Title: -Excision in process Estate Features: • Perimeter Fence • Secured Gate House • Digital Access Control • Paved Earth Road • Streetlight • Drainage System • Other Amenities Notable Landmarks -Dangote Refinery -La Campagne Tropicana Resort -Lekki Deep-sea Port -Power Oil Headoffice -Lekki Free Trade Zone and many more Join us today and be a proud owner in this laudable project. For more details, please contact 07033562441
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Re: Understanding Land Documents In Nigeria by Elohimluxuryhom(m): 12:12pm On Oct 31, 2020 |
Elohim Luxury Homes is always available to assist you in taking charge of your future and the best way is by investing in REAL ESTATE. Simply whatsapp +2347033562444 or call 07033562441 to get started
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Re: Understanding Land Documents In Nigeria by Elohimluxuryhom(m): 8:18am On Nov 02, 2020 |
*CENTURY ESTATE* our fastest selling estate right now *CLIENTS SIMPLY LOVE* IT....because it is one of the most affordable verified title ”Gazette” land around Ibeju Lekki corridor at the moment !!!!! Location & proximity, infrastructures, future development, security and potential appreciation. 3min from pan africa university,just behind the lekki free trade zone *Location:* Ibeju-Lekki, Lagos. (3 minutes from PAN-ATLANTIC UNIVERSITY) Price : NGN3,000,000 -600sqm . NGN1,500,000 -300sqm *Title: Gazette* . *ESTATE FEATURES* Perimeter Fencing Gate House Drainage system Good road network Security Electricity . Neighbourhood Attractions - Free Trade Zone - Deep Sea Port - New International Airport - Dangote Refinery - Pan Atlantic University - Golf course/ Industrial park - Several gated estates/ foreign companies For Plot Reservation | Inquiries | Payment Details, Contact 07033562441
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Re: Understanding Land Documents In Nigeria by Elohimluxuryhom(m): 8:21am On Nov 02, 2020 |
The following documents are usually involved when a purchase is made. 1 The purchase receipt 2 The contract of sale and 3 The deed of assignment 4 The survey plan 5 The Building plan for housing investment 6 Any other title document that may apply WHAT IS LAND TITLE? Land title may be defined as *the rights or ownership claim a person has over a property. It simply means, for you to claim land title, you must show other people the right you have over that land. E.g the land was willed to you by your late grandfather or you bought the property from another person and he handed over the title documents of the land or there was a dispute on the land and a court judgement awarded you the land as the owner etc. To determine what title a person has over a property, a prospective buyer must inspect the available documents the seller is relying on to initiate the transaction. |
Re: Understanding Land Documents In Nigeria by Elohimluxuryhom(m): 8:28am On Nov 02, 2020 |
DEED OF CONVEYANCE Deed of Conveyance or Registered Conveyance was the authentic evidence of ownership until 1978 Land use Act that introduced Certificate of Occupancy. Deed of Conveyance is old legal document used in transferring the interest of the owner of a landed property interest to the person to another whom it is assigned, the assignee. When ownership is transferred, the new legal document in use now is called deed of assignment. A freehold is not a title. The remedy is to institute a legal document on the land like getting a Governors Consent, or C of O. (These are binding documents that can stand the test of time and stand in any court of law) Question In a situation you have the C of O and survey without Deed of Assignment for a land allocated by state government. Is the documents enough without Deed of Assignment? Answer: Government schemes mostly doesn’t come with Deed of Assignment. What government gives in this case is Letter of Allocation and through the letter of assessment you obtained from the NTDA you can process your C of O. We continue later please don't forget to check out our recommend properties currently selling at affordable prices and guaranteed to give you a 100% return on investment Green Ivy Estate Phase 2 get your peace of mind now before its sold out
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