Some major Land Documents You need to know before Buying Land in Nigeria.
Land documents are important documents that anyone who wants to
invest his/her money in landed property must know and understand hitherto.
It’s a pity that only 4/10 land buyers knows and understands what this land
documents really mean and the purpose which they serve.
Many thought that the C of O is the most important Land
Document they must have or ask for before they buy any land, of which this is
very wrong. Apart from the C of O there other vital land documents you must ask
for before you buy any land.
For instance, majority of people get this misunderstanding when they buy
land and won’t ask for a Deed of Assignment forgetting that this land document
is one of the important land documents you must have when buying land because
without this it means that there was no transaction at all, no prof to show you
are now the new owner of the land.
SURVEY
PLAN
This landed property document that shows the boundary
measurements of a parcel of land to give an accurate measurement and
description of that land.
Surveyors are the people who handle survey issues and
they are being regulated by the office of the Surveyor General of the state
where the land is
located.
A Survey Plan is a very important land document you
must ask for whenever you are trying to buy a land. In fact it is the most
important because it is with this document that you will be able to know
everything about the land.
It is with a Survey Plan that you will be able to do a
search to know if the land you are planning to buy is free or not.
my advice whenever you are negotiating for a land you
want to buy first ask for the Survey Plan then take it to your Surveyor to
conduct a land search so as to know if the land is free from government
acquisition or to know what the zoning restrictions is.
i.e. A Survey Plan helps you to know if the land is for
Agricultural, Residential, Industrial or a Commercial Purpose.
No matter how enticing or attractive a land may look,
once you find out that the Land is a committed land my brother/sister please
stay away from that land don’t say because others are buy and nothing has
happened yet so nothing will happen after all this is Nigeria.
The
following information makes the Survey Plan Authentic:
The
name of the owner of the land surveyed.
The
Address or description of the land surveyed.
The
size of the land surveyed.
The
drawn out portion of the land survey and mapped out on the survey plan
document.
The
beacon numbers.
The surveyor who drew up the survey plan and the date
it was drawn up.
A stamp showing the land is either free from Government
acquisition or not.
EXCISION
It was a tradition before now that the traditional
families have so much authority when it comes to anything concerning land, they
are the ones who determine which land will be sold and which one they will
keep.
Because of this super power they have on land, they
refuse to sell lands to individuals who need it, but give it out to them under
tenancy system and which made them to still have full control over that land.
This made it very difficult for anyone who wants to buy
land to get one.
Because of this and some other reasons, it finally led
to the proclamation of the Land Use Decree (now Act) on the 28th of March, 1978
that vested all lands in every state of the Federation under the control of the
State Governors.
The Land Use Act coupled with other laws made it
possible for the Governor who is now the owner of all lands in the state to
actually have the power to acquire more lands compulsorily for its own public
purpose to provide amenities for the greater good of the citizens.
Fortunately, the government still recognizes that
indigenes of different sections of the country have a right to existence . . .
a right to the land of their birth. Hence, it is customary for state government
to cede a portion of land to the original owners (natives) of each area.
So an Excision simply means taking a part from a whole
and that part that has been excised, will be recorded and documented in the
official government gazette of that state.
In other words, not having an excision means the land
could be seized by the Government anytime without compensating you even if you
bought it “Legitimately” from the Village Leader (Baale) or the Original
dwellers on the land.
We are sure you understand importance of these documents before you buy any land in Lagos (Nigeria). Because it is with this land documents that
you will know if the Land is genuine, Free or Under Government Acquisition.
The Attached Beautifully Finished Terraced Duplex are for Sale
For Further Enquiries and Inspection, Please Call:
Divine Access Investments Int'l Limited (Divine Access Homes)
+2347011406853 or +2348135588667divine.accessinvest@gmail.com
www.divineaccesshomes.com.ng
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.