Understanding Nigeria’s Land Titles regulations and registration is crucial for protecting ownership and avoiding disputes. Key Land documents such as Certificate of Occupancy, Deed of Assignment, Survey Plan, and Gazette establish ownership. Meanwhile, Epe in Lagos has become a sought-after real estate investment location. With a 110% increase in demand, properties in Epe are selling rapidly. Its strategic location near the Lekki Free Trade Zone and the Dangote Refinery attracts investors, and Epe offers affordable lands amidst rising real estate costs. The Lagos State Government’s development focus has spurred infrastructure growth, making Epe even more appealing. Additionally, Epe’s natural resources and tourist attractions contribute to high property demand. Investors can expect high returns due to the area’s appreciating value and future demand.
One of the first questions to ask before purchasing land is about the title on the property. The key documents that prove ownership of a property in Nigeria include:
- Deed of Assignment: This document confirms the transfer of ownership from the seller to the buyer. It contains important information such as the date of transfer and a detailed description of the land. Recording the deed in the land registry is crucial for legal proof of ownership.
- Receipt: A receipt serves as evidence of payment in a real estate transaction. It states the amount paid and the recipient’s name. Collecting a receipt that accurately reflects the payment made is essential to avoid disputes in the future.
- Survey Plan: A survey plan provides the precise measurements and description of the land, including any government acquisition. To prevent conflicts with the government, every land must be surveyed by a certified surveyor, and the survey plan must be submitted for approval.
- Governor’s Consent: This document is necessary to validate a land transaction. It signifies the governor’s approval and is required for subsequent buyers of a land with a Certificate of Occupancy (C of O). While the initial owner of virgin land can obtain a C of O, every subsequent buyer must obtain the governor’s consent.
- Certificate of Occupancy (C of O): The C of O is a crucial document that grants legal permission to occupy a property. It serves as evidence of ownership and can be used as collateral for loans. Additionally, it helps resolve ownership disputes and provides security for the landowner.
- Freehold Status: This is a popular land status in Epe, Lagos State. The document indicates the land is free from any encumbrance or government acquisition. The status means lands are safe to buy and can be perfected into a title without any issues. Obtained by verifying that the land has a registered survey plan and no pending litigation. This is important for buyers who want to purchase land in Epe, as it makes processing and perfection of title easier and faster .
Obtaining these land titles can be a complex and frustrating process. To navigate it successfully, it’s advisable to seek the assistance of trusted real estate professionals who can guide you through the process.
Understanding these land titles empowers prospective landowners to make informed decisions, mitigating the risk of scams and unfavorable investment experiences. By securing the appropriate titles and documents, you can ensure the legality, security, and value of your property in Nigeria.
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