Seven Land Documents You Must Know Before Buying A Land In Nigeria

Seven Land Documents You Must Know Before Buying A Land In Nigeria

Seven Land Documents You Must Know Before Buying A Land In Nigeria

Land in Nigeria has seen increasingly high levels of demand due to the growing population. Locals and expatriates alike aspire to stake a share in Nigeria’s lands in order to serve either as a foundation for a home or for other commercial purposes. Here are 7 basic documents relevant to landed property ownership in Nigeria below

1) CERTIFICATE OF OCCUPANCY

A certificate of occupancy is a document issued by a local government agency or building department certifying a building's compliance with applicable building codes and other laws, and indicating it to be in a condition suitable for occupancy.A certificate of occupancy is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by, the local authority. It complements a building permit—a document that must be filed by the applicant with the local authority before construction to indicate that the proposed construction will adhere to ordinances, codes, and laws.The processes involved in applying for a certificate of occupancy in Nigeria varies if it is a state-owned land or a non-state Land. 

2) DEED OF ASSIGNMENT/CONVEYANCE

A Certificate of Occupancy, also known as the C of O is a document issued by state governments in Nigeria to landowners. This is the second most important document you need to do a personal search. A deed of conveyance or assignment traces the history of how the property or land has reached the present owner till date. It relates all the information in respect of the true owners of the land before it was passed to Mr A and How MR A sold it to Mr B and How Mr B intend to sell it to you.

3) DEED OF LEASE

It is also known as Governor’s Consent. This land document is obtained whenever you buy land with C of O. It’s the land document that lets the Governor and the general public know that the land in question has changed hands.A Deed of Lease is important to have in place if you are considering selling your business or selling your commercial property as a landlord. It is unfortunately more common than it should be for landlords or business owners getting their lease paperwork up to date only when they have an agreement to sell.

4) DEED OF SUBLEASE

deed of sublease could refer to a document by which a tenant or lessee sublets a part or all of leased premises to another person. The right of a tenant or lessee to sublet largely depends upon the terms of the original lease. If the lease is silent regarding the rights of the lessee or tenant to sublease, it is generally accepted that the tenant or lessee may sublease. However, if the terms of the original lease state that the premises may not be sublet then it cannot be.

5) LAND CERTIFICATE

A land certificate refers to a document issued by the land registry to the owner of registered land as a proof of ownership with no mortgage on it. Land certificate is the prima facie evidence of the truth of the matters contained in the certificate.

6) DEED OF MORTGAGE

A mortgage deed is a legally binding agreement, using property as collateral for a loan. When you purchase a home, you make payments on a home loan. The mortgage deed is the paperwork you sign that allows the lender to put a lien on the property until the loan is paid. When people say they make a monthly mortgage payment, they actually mean they make a monthly loan payment while the mortgage deed secures the property for the lender.The difference between a deed of trust and a mortgage deed is in who holds legal title to the property while the loan is being paid off. The two parties involved in a mortgage deed state are the buyer and the lender. The lender holds the deed for the duration of the loan. 

7) SURVEY PLAN

A Survey Plan is the primary product of a Survey. According to the Cadastral Survey Regulations, a Survey is any survey exercise executed in connection with any land prepared under the law for any registrable instrument or judgement or order of court and any other survey as may be defined from time to time by SURCON (Surveyors Council of Nigeria.).It is important to consider using a survey plan whether you are purchasing or selling property. On the purchasing end, use a survey plan to make sure you fully understand what you're about to buy. This ensures you aren't surprised with any features of your new property. On the selling end, it is important to make sure the survey plan is correct


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