How do you prepare land documents?

Posted on by Muna Meyer

How do you prepare land documents?

Documents Needed For Plot Registration

  1. Sale deed in existing seller’s name.
  2. Katha certificate.
  3. Receipt of latest tax payment.
  4. Encumbrance Certificate.
  5. Agreement of sale.
  6. All title documents of the landowner.
  7. All registered previous agreement copies (in case of resale property)
  8. Power of attorneys if any.

What is contract of sale of land?

A contract of sale of land is an agreement between a buyer and a seller of land stating the considerations, obligations and other terms for the transfer of land ownership. This means that the vendor still retains the legal interest in the land and becomes a qualified trustee of the land on behalf of the buyer.

Who is the rightful owner of Nigeria?

in the Federal / state Government and in this regard it can as well be said that nobody owns land in Nigeria as all land in the State are vested in the state Government and the state governor is deemed to be the chief or principal trustee of all land in the state-See Section 1 of the land Use Act 1990 CAP L5 L.F.N 2004 …

How long can you own land in Nigeria?

99 years
Effectively, yes, as the holder of a statutory right of occupancy is entitled to exclusive possession of land to the exclusion of all other persons (except the governor) for a maximum (renewable) period of 99 years.

What is the difference between sale deed and deed of assignment?

The difference between a deed of sale and a deed of assignment is that the deed of sale is used once and has no conditions other than the purchase price of the property, while the deed of assignment can be used anytime to transfer contractual rights from one party to another.

Who prepares the deed of assignment?

Lagos State Internal Revenue Service
Stamping of the deed of assignment by the Lagos State Internal Revenue Service (SIRS) where the parties to the transaction are individuals or the Federal Inland Revenue Service (FIRS) where either party to the transaction is a company.

How do I write a purchase agreement?

How to write a real estate purchase agreement.

  1. Identify the address of the property being purchased, including all required legal descriptions.
  2. Identify the names and addresses of both the buyer and the seller.
  3. Detail the price of the property and the terms of the purchase.
  4. Set the closing date and closing costs.

How do I make a purchase contract?

Any purchase agreement should include at least the following information:

  1. The identity of the buyer and seller.
  2. A description of the property being purchased.
  3. The purchase price.
  4. The terms as to how and when payment is to be made.
  5. The terms as to how, when, and where the goods will be delivered to the purchaser.

How do you prove you own a property?

To officially prove ownership of a property, you will require Official Copies of the register and title plan; these are what people commonly refer to as title deeds because they are the irrefutable proof of ownership of a property.

What documents should be checked before buying a plot?

Documents checklist for buying a Plot

  • Title deed: This agreement guarantees that the seller is legally independent of the house.
  • Encumbrance certificate:
  • NA order:
  • Original land deed:
  • Power of Attorney:
  • Property Tax Bills and approval Document from Local Authority: