✅ *CERTIFICATE OF OCCUPANCY*
A certificate of occupancy, also know as the C of O is a document issued by state governments in Nigeria to landowners and property buyers as a legitimate proof of Ownership.This document explained what the land can be used for, may be residential, Commercial or mixed development.

The government is constructionally mandated to issue the Certificate of Occupancy because all lands in the state are vested in the Governor of the state. This is clearly spelt out in the Land Use Act of 1978

✅ *Benefits of Certificate of Occupancy*
�It makes the person named on the document the exclusive owner of the land.
�It Prevents a situation where a single Property is claimed by multiple owners
�It is an acceptable as a security or collateral for loans from banks and other financial institutions.
�It is widely used to resolve land disputes that arise from ownership tussle.
�It is a very crucial document during mortgage transactions.

*What is Governor's Consent:*
A Governor's Consent can only be processed on a land with either Gazette or an Existing certificate of Occupancy ( C of O), if a person has a land with certificate of Occupancy decides to sell his land,the only Documents that can give the new buyer or every other subsequent buyer's the right of occupancy or ownership is *Governor's Consent*

To be continued with freehold Tomorrow, for more information or free consultation on your Real estate investment Contact Oluwanisola Consult on 09035487771 or chat with us on 08137813780 or message us @ oluwanisolaconsult02@gmail.com.