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Four Types Of Essential Documents You Need To Check Before Buying Land In Lagos
A survey plan is a document that establishes the boundaries of land and it’s the best way to accurately view the extents of a Person’s land at a glance. A survey plan must have the following:
1. Owner’s name
2. Address of the land
3. Size of the land
4. A drawn-out layout of the land
5. The name of the surveyor and the date of the survey stamp
A Deed of Assignment Is an agreement between the seller of land or property and buyer of land or property that stands as evidence that the seller has transferred all his rights, title, and ownership of that land or property to the buyer. Upon exchange, it must be recorded in the land registry to show legal proof that the exchange has been made.
A certificate of occupancy is a document that does exactly what it says it does and that’s clearly showing the present occupant of a piece of land or property. It’s the most recognizable document around and is easily presented to investors when buying land or property. The certificate is issued by the Lagos State Government tothe applicant to show that they’ve leased the said land for 99 years.
A Gazette is an Official record book where all special government details are spelled out to the letter. A gazette clearly shows the communities that have been granted excision and the land size that they have been given. Now it's only according to this amount of land that these communities have been granted that they are allowed to sell to the public and nothing more.If by some unfortunate twist of fate, the Government were to evict you from your land or reacquire your land and it falls under the recorded area that the community has been told is under excision, you are within your rights to be compensated for your loss. Although such an occurrence is very rare.
Foluso Oyebanjo is a realtor, digital marketer and well-versed writer. His extensive experience in the world of marketing allows him to serve as a creative supervisor and assistant to clients from all walks of life and nationalities.He currently resides in Lagos, Nigeria where he works as a realtor and provides marketing solutions to developersand homeowners while providing real estate advice and consultation to anyone interested in investing in his home city.
MORE BY THIS AUTHORDreamscape is a Real Estate Company that focuses on marketing luxury properties in Nigeria
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