Welcome to the world of land investment! The purchase of land is a significant financial decision, so it is important to ensure that you have all the necessary information before you proceed. This document outlines the key steps to take when buying land, including the
survey: A survey plan is another property document that is important for every property transaction. It gives an accurate measurement of a parcel of land and also describes it. The survey plan is just like a map of a property as it spells out the location where a particular property is located.
deeds of assignment: A deed of assignment refers to a legal document that records the transfer of ownership of a real estate property from one party to another. It states that a specific piece of property will belong to the assignee and no longer belong to the assignor starting from a specified date
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receipts of payment: A payment receipt, also known as a receipt of payment, is a document issued from a business to its customer when they have received payment for provided goods or services. Payment receipts should be issued every time a payment is made on a sale - even if it's a deposit or partial payment.
Governor consent: A Governor's consent is a consent obtained from the governor of a state on a land transaction, without which will be deemed illegal in the eyes of the government and the law.
Gazette: A Gazzette is mostly common in urban areas or states. It is so common in Lagos state especially in areas like Lekki and Ibeju Lekki axis. Not to bore you much. A Gazette is an Official record book where all unique government subtleties are spelled out, itemized, and recorded for public notice
excission: What is Excision of Land? In land excision, state governments release land to indigenous peoples or settlers following legal protocols and processes. Since the Land Use Act was enacted, land excision has been used as a method for compensating the original landowners
Government allocation: A Government Allocated C of O simply means a parcel of land which can be in acres or hectares allocated, assigned, and approved by a State Government to a registered real estate company to start selling to people across the globe
and Certificate of Occupancy (C of O): C of O means a certificate of occupancy issued for a Development Project or Project Improvements.
With this information, you can make an informed decision and ensure that your land investment is secure. Thank you for investing in the Land.
For more investment in land and property contact Adefiz homes
WhatsApp 07038111802.
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