Skip to main content

What you need to know before buying any property

SOME FREE LEGAL TIPS TO CONSIDER WHEN BUYING LANDED PROPERTIES IN NIGERIA 1. When buying family properties, especially royal or traditional families, ensure that you are dealing with the Head of the family and at least two principal members of the family, who are adults. Anything short of this, the sale is NULL. Head of the family alone cannot sell family property and principal members of the family alone cannot sell family property. It’s even worse if you are dealing just one person claiming to be the representative of the family. 2. When buying land from a company, ensure that you get the Status Report of the company before paying. Be certain that the property is not only registered in the name of the company but also the directors are the ones signing the documents with you. Insist on getting the means of identification of the seller. If they tell you they are selling on behalf of the family, refer to number 1 above by requesting for the Deed of Power of Attorney. 3. The fact that a property has a C of O is not a conclusive proof of title. You have to be certain that the C of O was not falsified or obtained by fraud or obtained over an encumbered property. Similarly, when a property is covered by a Deed of Assignment, ensure that it is a duly registered and stamped Deed and it is verified to be unencumbered. An unregistered Deed of Assignment cannot transfer a valid legal title. Ir is not different from a Contract of a sale of Land. 4. When buying property from a Church or Mosque, ensure that it is registered in the registered name of the Church or the Mosque. Also, make sure that you are dealing with the registered Trustees because not all Imams and Pastors are Trustees of the Church and Mosques. In most cases, they are just employees and get paid monthly salaries. So they cannot sell any property to you. 5. When buying property from a couple. If possible, request for their marriage certificate and do not deal with either the husband or wife. Make sure you deal with both of them. Don’t fall for, I have my husband or wife permission to sell. Also, make sure they both sign your documents in the presence of a witness. Otherwise, the sale can easily be set aside, especially when they are going through a divorce. 6. When buying a property that’s a subject of a will. Don’t fall for “my dad or mum” willed it to me without sighting the will. Also, sighting the will is not enough, you must make sure that the will is not subject to any litigation and the Executors of the Will have issued an Assent to the beneficiary selling the property to you. Without the document called “Assent”, no beneficiary can sell any property he or she inherited to you. Also, make sure you ask for a copy of the “Probate” issued to the Executors; because that’s the only document that gives the Executors the power to issue Assent. If it’s not a will, then ensure you have a copy of the Letters of Administration. Without this, you have not acquired a property. 7. When buying a property from a Developer, the title documents are not enough. Ask for development or building permits. Ask for evidence of payment of ground rents and land use charges on the property. For more Legal tips, consult a Lawyer. @highlight

Comments

Post a Comment

Popular posts from this blog

Tension, as unknown gunmen whisk away Man on his birthday

The adoption of Mr Chinedu Nwachukwu yesterday in Port Harcourt City metropolis has continued to generate reactions as the security issues within south East and Rivers State gets worsen day by day. It was gathered that the incident occurred about 7:15pm along Chuba-Ozuoba road when some faceless armed men apprehended Mr Chinedu an Architect and renown husband to the gallant police officer whose life has been threatened over the years after leading an operation to raid a group of armed robbery gang in Abia State. According to an eye witness who pleaded on the grounds of anonymity said, "9th, March 2025 remains one of the horrible day in his life as the level of insecurity in South-East and South-South went worst." Speaking to news men, he expressed dissatisfaction over the tension created by the under world men in the region. Another eyewitness Mrs Julia said, she was dumbfounded how the architect was adapted on his birthday. According to her, "I saw Mr C...
Post a Comment
Read more

APC Ward Congress: Amaechi says materials were not hijacked... Calls on the general public to shun rumour mongers

The Minister of Transportation, Chibuike Rotimi  Amaechi, has said the planned All Progressives Congress, APC, Congresses in Rivers State will hold has scheduled in spite the rumours making the rounds in some section of the Media  that materials were hijacked and  compromised. The former governor made the assertion in Port Harcourt recently, while reacting to insinuations that materials meant for the congresses had been hijacked with the view of compromising the outcome in favour of a particular group of party loyalists. For your news and adverts, contact Newspointers.blogspot. com imaowaji135@gmail.com Call: 08159993540 Amaechi expressed surprise that someone could cook up such falsehood in order to cast doubts in the hearts of citizens and also heat up the political scene. Reiterating his stance for free and credible Congresses across the state, he opined that he is not in possession of any material relating to the planned Congresses because he is not a part...
95 comments
Read more

ABES COMMITMENT TO EDUCATION PAYS FIRST CLASS DIVIDEND

ABE'S COMMITMENT TO EDUCATION PAYS FIRST CLASS DIVIDEND Over a century ago, Benjamin Franklin, a founding father of the United States of America said that "an investment in knowledge pays the best interest". That statement holds true today as when it was first uttered. The Most Distinguished Senator Magnus Abe was probably thinking about that statement when as Secretary to Rivers State Government under Chibuike Rotimi Amaechi, he facilitated overseas scholarships for many Ogoni sons and daughters. Today, at a time when the present Rivers State Government under Chief Nyesom Wike is withdrawing the scholarships of thousands of Rivers students abroad and demanding their deportation back home, Mr Barididum Nwinka Taol from Barako in Gokana came to Magnus Abe's house with his parent and chiefs from his community to thank the Senator for facilitating his scholarship to study Marine Engineering in Amet University, India. And he came armed with a first class degree which he...
Post a Comment
Read more