NHF CONTRIBUTIONS SCHEME IN NIGERIA National Housing Funding (NHF) is a Federal Government scheme that entitles Nigerians in paid employment and above 21 years to cater to their housing needs. This scheme was established by the virtue of the NHF Act of 1992. According to the NHF Act, all Nigerian employees and income earners, whether [...]
LAND TITLES IN LAGOS NIGERIA The first important thing to note is that every land is owned by the state government, this is in accordance with the Land Use Act 1978. The government leases any land purchased for a period of 99 years after which such title can be renewed by the owner. A land [...]
DEED OF PARTITION A valid question that may arise from the legal implications of joint ownership is when the joint owners decide to severe their interest in the property? The answer is Positive. Joint owners may apply to the court to partition the property where there has been a persistent refusal by one or more [...]
Renting an apartment in Lagos is one of the most tasking time-consuming experiences. Lekki is one of the high brow and expensive areas in Lagos State with prospective residential, commercial and agricultural locations. Before renting an apartment in Lagos, it is important to conduct due diligence on the apartment to be rented, the landlord, the [...]
Contract of sale and deed of assignment are both documents used in real estate-related transactions in Nigeria. Although they are both used in property transactions the difference between both documents can be derived from their distinctive features and the role they each individually play in the acquisition of title to landed properties in Nigeria. Generally, there [...]
A deed of assignment is the legal instrument prepared and drafted by a lawyer of an assignor (seller) or assignee (buyer) upon the negotiation and completion of a sale of the land transaction. It is used to transfer legal title and ownership to land from the assignor to the assignee for a consideration paid and [...]
A Deed of Assent is a document or instrument of the Executor or legal Administrator of an estate to transfer, pass over or vest a legal interest or title in a property of a deceased person to the named beneficiary in a Will or any other third party. It grants the beneficiary legal ownership over [...]
The enactment of the Land Use Act 1978 (the Act) birthed a new system wherein by virtue of Section 1 of same, all lands within the territory of a State are vested in the Governor of that State who shall hold same in trust for the benefit of the people. Thus, a person in Nigeria [...]
HOW TO BUY LAND & HOUSE IN LEKKI LAGOS BUYING LAND IN IBEJU LEKKI Overtime, Lekki has become a respectable commercial hub, a residential zone, and a go-to tourist spot, thereby making Lekki a rave in the real estate industry. Lekki is one of the areas in Lagos State with various vacant lands for development. [...]
HOW TO BUY LAND IN LAGOS AND PAY "INSTALMENTALLY" To buy land in Lagos and pay instalmentally, the buyer must ensure that the seller has the legal right to transfer ownership in that property. Such a property transaction goes beyond merely inspecting the property or confirming the seller has a legal title on such a [...]
The difference between a Certificate of Occupancy and a Deed of Assignment can be derived from their distinct features and the role they each individually play in the acquisition of title to landed properties in Nigeria. Certificate of Occupancy A Certificate of Occupancy is an authorized document of grant issued by the State Government to [...]
LAND DOCUMENTS IN LAGOS The transfer of land ownership in Nigeria involves the process where the legal rights to land are transferred from one person to another. There are several methods by which land can be transferred in Nigeria. Some of these methods include the followings: 1. Sale 2. Gift 3. Mortgage 4. By probate [...]
REGISTRATION FOR DEED OF ASSIGNMENT IN LAGOS STATE DEED OF CONVEYANCE IN NIGERIA Â A deed of assignment is an agreement where an assignor assigns his or her ownership in land or property to an assignee. The deed of assignment in Nigeria contains very pertinent information for a real estate transaction. The deed of conveyance in [...]
