Land Agreement In Nigeria
The sales contract is used by the parties to agree on certain conditions prior to the closing of the transaction. This is relevant if a property is to be purchased by someone. It is not an identifiable instrument and must be preceded by another document that transmits the title to the quality in question. C von O is generally issued by the state government, indicating that a person owns property or property. It is distributed to individuals who held a piece of land before 1979. The governments of the federal states also give it to the Allottees of the country of the government. Whoever later takes over land by sale will not need a new certificate of occupancy, but a certificate of surrender with the governor`s consent. A land acquisition contract must contain the following conditions: After the execution of the sale contract by the parties and after payment of the total purchase price, the parties carry out an activity between them of transfer or authorization of transport or authorization of transport or transport. A deed of transfer is the main proof that transfers ownership of the client`s land (now centrifuged) to the buyer (agent).
The purchase price is the essential element of the contract to purchase the land and should be clearly mentioned in the contract. It is so instructive that only lawyers are allowed to prepare instruments relating to the land. These instruments include the deed of a lease, an assignment, a legal mortgage, etc. The name and address of a lawyer who has drawn up a land document must be on the evidence and a seal of such a lawyer must be affixed, which is also called the francisation of these instruments. The reason is that if an instrument relating to a property does not contain the information provided by the legal practitioner who prepared it, it may not be admitted to be registered in the register of a state in Nigeria. The recital clause in the land acquisition contract sets out the brief details of the land and its derivatives. Such clauses will explain how the seller became the owner of the land he is about to sell. (Note that this is only a sample and is not intended for official or professional purposes.