What You Need When Purchasing Land in Nigeria

It’s not news that buying land in Nigeria is one of the best investment decisions. It can even be said to be the greatest financial decision an individual can make.

However, understanding the legal process of acquiring land is highly important in ensuring your transaction is safe and secure, whether for residential, commercial, or investment purposes.

This guide walks you through the essential legal steps involved in acquiring land in Nigeria.

Now, let’s dive right in…

Conduct a Search at the Land Registry

When buying land in Nigeria, the first step is to search the relevant Land Registry. This process ensures the land is free from encumbrances, disputes, or government acquisition.

You can also verify that the seller has legitimate ownership and confirm that there are no restrictions on the land.

The Land Registry will provide details regarding ownership and other necessary information. This verification helps you avoid fraudulent transactions and gives you peace of mind before moving forward.

Verify Ownership and Title Documents

Once you’ve searched, the next step is to verify the ownership of the land and check the authenticity of the title documents. In Nigeria, common types of land ownership documents include:

• Certificate of Occupancy (C of O)
• Deed of Assignment
• Governor’s Consent

It is essential to ensure these documents are valid and that the seller has the legal right to sell the land.

Engaging a lawyer experienced in land transactions can help you verify these documents and ensure everything is in order.

If you want to be an owner of verified landed properties the legal way without unnecessary risk and high cost, contact Ragnarok Property Development Limited

Execute a Deed of Assignment

Once the ownership is verified, the next legal step is to execute a Deed of Assignment. This document transfers ownership of the land from the seller to the buyer. It should be signed by both parties and properly drafted by a legal professional.

To make this transfer legally binding, it is advisable to register the Deed of Assignment at the Land Registry. This registration provides an official record of the transaction, ensuring your ownership is recognized by law.

Obtain the Governor’s Consent

By the Land Use Act of 1978, all land in Nigeria is owned by the government. For any land transaction to be considered legally valid, the buyer must obtain the Governor’s Consent. This process legally acknowledges the transfer of ownership and ensures compliance with the law.

Without the Governor’s Consent, the land purchase may not be legally recognized, putting your ownership at risk. Therefore, obtaining this consent is a critical step in the process of acquiring land in Nigeria.

Survey the Land

A professional land surveyor should be engaged to measure and map the land. The survey plan provides important details such as the land’s location, size, and boundaries.

Having an accurate survey prevents disputes with neighboring properties and ensures that the land you are buying is accurately represented.

With Ragnarok Property Development Limited, you can be an owner of verified landed properties the legal way without unnecessary disputes and high costs.

Register the Title

After completing the necessary documentation and obtaining the Governor’s Consent, the final step is to register the land title at the Land Registry. This step ensures that you are the legally recognized owner of the property.

Title registration provides legal security and protects you from future disputes over ownership. Once the title is registered, you may receive a Certificate of Occupancy (C of O) or other relevant land titles as proof of ownership.

Choosing Ragnarok Property Development Limited is a surefire way to own verified landed properties while protecting yourself from future land disputes.

Costs to Consider When Buying Land in Nigeria

There are several costs involved in buying land in Nigeria, including:

• Legal fees for documentation and legal advice
• Surveyor’s fees for land surveying
• Registration fees for land title registration
• Fees for obtaining the Governor’s Consent

These costs are necessary to ensure the transaction is legal and valid. It is advisable to budget for these expenses in addition to the cost of the land itself.

Conclusion

Buying land in Nigeria requires careful consideration and adherence to legal procedures. Conducting a proper search, verifying title documents, executing a Deed of Assignment, obtaining the Governor’s Consent, and registering the land title are critical steps to ensure that your investment is secure.

If you’re looking for reliable and professional assistance in buying land or property in Lagos, Ragnarok Property Development Limited is here to guide you through every step of the process.

We specialize in making land and property ownership easy, safe, and hassle-free. Contact us today to learn more about our services and how we can help you acquire your dream property.