General

Step-By-Step Guide To Safely Acquiring A Property In Nigeria

Acquiring property in Nigeria can be a complex process, but with the right steps, you can navigate it successfully. Below is a step-by-step guide and key things to note in each step. Define Your Purpose and Budget – Determine why you need the property (e.g., residential, commercial, investment). – Assess your financial capacity and set […]

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Some PropTech Solutions Shaping Nigeria’s Real Estate Sector

The Lagos real estate market is evolving with innovative PropTech solutions that simplify renting, property management, and market analytics. Here are some of the solutions driving this change. Small Small Formerly known as Rent Small Small, this company offers flexible home rental solutions, including short-term rentals and rent-to-own options, catering to the dynamic needs of

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WHEN I BUY A LAND OR HOUSE, WHAT DOCUMENTS AM I TO COLLECT FROM THE SELLER

Purchasing a property, whether land or a house, is a significant investment, and as a buyer, it is essential to protect your interests by ensuring that all legal documents are in order. Engaging a qualified real estate lawyer is strongly recommended to guide you through the process and ensure that all documents are valid and

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A CHILD BELOW 21 YEARS CANNOT LEGALLY OWN LAND IN NIGERIA EXCEPT THROUGH A GUARDIAN OR BY INHERITANCE

Section 7 of the Land Use Act states that: “It shall not be lawful for the Governor to grant a statutory right of occupancy or consent to the assignment or subletting of a statutory right of occupancy to a person under the age of 21 years” There are two exceptions to this which are: 1.

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FAILURE TO PAY LAND USE CHARGE CAN BE A GROUND FOR REVOCATION OF YOUR CERTIFICATE OF OCCUPANCY

By virtue of Section 28 (5) (b) of the Land Use Act, one of the grounds for the revocation of a Certificate of Occupancy is a Breach of terms contained in the Certificate of Occupancy.   The Certificate of Occupancy makes provision for a yearly payment of GROUND RENT to the Governor of a State.

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