Nigeria: Buying A House In Nigeria – Basic & Legal Guide Buying a house in Nigeria connotes various legal requirements and key procedures to be followed. The first key step towards purchasing a property in Nigeria is to engage a lawyer who can verify the proposed house to be purchased.
Do you want to know the cost of building a 3 bedroom bungalow in Nigeria? This article is for you. So many people visit the web to know the cost of building a 3 bedroom bungalow in Nigeria but get disappointed most of the time.
Posted by Karo Itoje in Blog Updates, Land Tips and Advice, Slider 14 Comments The complete guide on how to buy a land in Lagos Nigeria successfully without fear that you’d be scammed or eventually lose your property. I call this the land purchase in Lagos guide.
INTRODUCTION The legal fee is the remuneration a legal practitioner gets when he offers legal services to a client In Nigeria. The legal fees are prescribed in the scale of charges for legal practitioners.
Roofing sheets are used to cover a building to prevent rain and other weather conditions from affecting those who live inside a house. The type of roofing sheets used in building projects speaks a lot about the aesthetics aside being a form of covering for a building, so it is very vital to pick the […]
Buying land or developed property is one of the dreams of every Nigerian. It can be a very exciting and very scary prospect at the same time. This is especially so because in Lagos, Nigeria there is always the risk of fraud.
The Real Estate sector has become lucrative and it is contributing in its own way to curbing unemployment in Nigeria. There are different levels of people involved in Real Estate business, but there is a particular set of people in the industry who are not without controversy, as regards who pays them or should pay them.
Daily Law Tips (Tip 588) by Onyekachi Umah, Esq., LLM. ACIArb(UK) 5 WAYS TO PROVE OWNERSHIP OF LAND IN NIGERIA. Land disputes are prevalent across Nigeria. Most communal clashes stem from land disputes. Aside Internet fraud, land transaction is a common tool in the hands of fraudsters.
Owning that dream home is not all about buying a house, there are various other costs to think about when making this purchase of a lifetime. Buying a new home can be even more expensive than you expect. There are lots of hidden costs that can add more than 10% to the total cost of …
Buying property in Nigeria is a very risky endeavour, it seems like everyone is out there trying to swindle you or extort you – but that is not enough reason to avoid buying property.
Buying a Land or a House goes beyond just making payments, there is a need to have the required documents for property transfer – from the seller to the buyer – in order to avoid unnecessary cases with others or the government.
A deed of conveyance is a signed legal document that shows a title or deed has been transferred. It is used to prove ownership in a piece of property. A deed of conveyance is signed, witnessed, and notarized by the seller and the buyer as well as anyone else with a vested interest in the property being transferred.
Nigeria Property Centre does NOT subscribe people to the HOMS Scheme. Visit the Lagos State Government website for details on how to subscribe. The Lagos State Government unveiled a new Home Ownership and Mortgage Scheme (HOMS) which is aimed at aiding Lagosians acquire home.
There are a number of crucial documents 1. Receipt2. Approved survey plan3. Approved layout4. Power of Attorney5. Deed of assignment6. Certificate of Occupancy ( C of O) I would categorize the people from which you can buy any parcel of land into three: An estate developer, an individual & directly from the family who claims to owns the land.
One of the heaviest recurrent expenses of a family is rent. However, in Nigeria, paying rent is almost an inevitability until that pot of gold comes with which you can build your own house. This is even made worse by the dire straits of mortgage in the country.
Business transactions, especially the ones pertaining to land can sometimes become problematic – snowballing into a series of legal battles. But this can always be avoided if everything is well documented and duplicated. Even if the transaction is between family members or trusted friends, a simple agreement can save all the trouble that could have resulted from a misunderstanding.
This is my 4th and 5th combined publication on -Nigeria’s largest online property marketplace. We were recently enlisted as one of their columnist and in this post, I talked about How to Successfully Build Your Own House in Nigeria. It’s not easy living in a rented house, especially if you live and work in metro-cities like Lagos, Abuja, and Port-Harcourt.
EXPLOITING A DIFFERENT WORLD OF POSSIBILITIES Buying Property in Nigeria by Foreigners We are on standby to assist any foreign buyer interested in Nigeria property, get that property of their desire. Buying property in Nigeria by foreigners involve a lot of knowledge in land law of Nigeria since all the land in Nigeria belong to state government in the country.
A large number of home hunters, especially millennials’ don’t want an apartment where the Landlord also resides. This mindset had been driving into minds of many, from hearing stories from friends, colleagues of how horrible and strict certain landlords tend to be.
Are we the only ones? Or have you also seen things like; buy a land! House for rent! Buy 6 plots get one free! We offer the best prices and with discounts, blah! blah! blah! You must be tired of seeing some stranger or some company telling you all of that, yeah!
If there is any business in Nigeria that is truly lucrative and extremely profitable, it has to be Real Estate business in Nigeria. Most of the top billionaires in Nigeria are real estate investors. The business is a money spinner to the highest level.
Buying and selling of properties are important and delicate transactions that require the services of experts like real estate lawyers in Nigeria. The role of a property lawyer in Nigeria is to protect the interest of the parties in any property transaction, especially the buyer.
Laws Governing Real Estate Practice in Nigeria & What Every Realtor Should Know About the New Lagos Land Use Charge Law – DNL Legal and Style
Introduction Real estate practice in Nigeria is governed by a number of laws both at the Federal and State Levels. Apart from the Land Use Act and the Capital Gains Tax Act that are federal enactment regulating real estate practice in Nigeria, almost other laws governing real estate practice in Nigeria are state laws- which differ from one state to the other.