FEDERAL GOVERNMENT LAND,GROUND RENT AND PERFECTION OF LAND TITLE IN NIGERIA
The legal problems concerning the administration of land vested in the Federal Government of Nigeria are discussed in this article, specifically regarding the payment of ground rent and perfection of land titles. It considers the relevant laws, including the Land Use Act, the Lands (Title Vesting, Etc.) Act 1975, and the Lagos State Land Use […]
RENT INCREMENT IN NIGERIA: WHAT TENANTS AND LANDLORDS MUST KNOW
It is always a point of dispute between landlord and tenant in Nigeria whenever increment in rent arises. While the landlord may seem justified to increase rent, perhaps by increased cost or other factors, the tenants usually are oblivious of their rights whenever such changes present themselves. This article discusses, among other things, how a […]
KEY ELEMENTS OF LAND PURCHASE AGREEMENTS IN NIGERIA
Land acquisition in Nigeria is a technically and legally involved enterprise that requires utmost detail if the transaction is to be seamless. At the heart of this process is a land purchase agreement, otherwise called a sale agreement or contract of sale, which, in relation to real property, originates from the sale of land and […]
THE CRUCIAL ROLE OF PROPERTY LAWYERS IN NIGERIA’S PROPERTY TRANSACTIONS
Buying and selling properties are significant and complex transactions that necessitate the expertise of property lawyers in Nigeria. The role of a property lawyers in Nigeria is to safeguard the interests of all parties involved, whether they are the buyer or the seller. Here are several key reasons why retaining a property lawyer for any […]
KEY CLAUSES IN COMMERCIAL LEASE AGREEMENTS IN NIGERIA
Commercial leases in Nigeria are agreements between landlords and businesses to rent commercial property. Businesses often lease rather than buy property because leasing requires less capital. Commercial leases are more complex than residential leases since the terms are negotiable and vary greatly between leases. Before signing a commercial lease, it is important for both parties […]
THE LEGAL RIGHTS OF LANDLORDS AND TENANTS IN NIGERIA
Many individuals typically prefer not to rent an apartment where the landlord resides, often due to past negative experiences leading to frequent conflicts between landlords and tenants. This ongoing discord often stems from a lack of understanding regarding the rights, responsibilities, privileges, powers, and legal remedies available to both parties in case of breaches. In […]
LEGAL DUE DILIGENCE PROCEDURES IN NIGERIA
Legal due diligence in Nigeria involves thoroughly reviewing, investigating, and evaluating all legal risks associated with a target company before finalizing a business transaction, investment, or purchase of real estate. This due diligence process includes searching relevant locations, documents, and interviewing employees to uncover any liabilities related to the deal. Conducting comprehensive due diligence […]
PROCEDURE FOR BUYING PROPERTY IN NIGERIA
Purchasing property in a developing country like Nigeria can seem daunting given the complexities involved. Proper planning and guidance, however, makes the process manageable. Here are key steps for an informed property investment: Determine Budget With prices varying widely, first establish your budget range factoring in location preferences, property types, size, amenities, financing pre-approvals […]