Document background
The 3rd Owner Deed of Sale is a specialized property transfer instrument used in Nigerian real estate transactions where detailed documentation of ownership history is crucial. This document type is particularly important in jurisdictions where title registration systems may not be fully digitized or where additional verification of ownership history is required. It extends beyond a standard deed of sale by incorporating confirmations and warranties from the two previous owners, thereby establishing a clear chain of title. The document is used when purchasing property from a seller who is the third owner in sequence, requiring careful documentation of both previous transfers to ensure legal compliance with Nigerian land law, particularly the Land Use Act and state-specific property regulations. It includes enhanced due diligence requirements, specific warranties about previous transfers, and often requires additional government consents and certifications.
