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Absolute Sale Deed

Absolute Sale Deed Template for Nigeria

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Key Requirements PROMPT example:

Absolute Sale Deed

"I need an Absolute Sale Deed for the transfer of my residential property in Lagos State, Nigeria to an individual buyer, with completion scheduled for March 15, 2025; the property includes a 3-bedroom house with attached servant quarters."

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Document background
The Absolute Sale Deed is a fundamental legal instrument in Nigerian property law used to transfer absolute ownership of immovable property from one party to another. This document is essential when conducting outright property sales in Nigeria, as opposed to conditional sales or lease agreements. The deed must comply with the Land Use Act 1978 and various state-specific regulations, requiring official registration and the Governor's consent for validity. It includes comprehensive details about the property, parties involved, consideration, and necessary warranties, serving as conclusive proof of the transfer. The document is particularly important in Nigeria's land tenure system, where state governors hold land in trust for the people, and proper documentation of transfer is crucial for establishing clear title.
Suggested Sections

1. Parties: Identification of the Vendor/Seller and Purchaser/Buyer with full legal names, addresses, and capacity in which they are acting

2. Background: Brief recital of the Vendor's ownership, title details, and intention to sell

3. Definitions: Definitions of key terms used throughout the deed

4. Consideration: Clear statement of the purchase price and payment terms

5. Parcels Clause: Detailed description of the property being sold, including boundaries and measurements

6. Rights and Easements: Description of any rights, easements, or encumbrances that run with the land

7. Vendor's Covenants: Seller's warranties regarding title, right to sell, and freedom from encumbrances

8. Transfer of Title: Express words of transfer and conveyance of the property

9. Purchaser's Covenants: Buyer's obligations including payment terms and compliance with regulations

10. Execution Clause: Formal execution block for signing, witnessing, and attestation

Optional Sections

1. Power of Attorney: Required when any party is acting through an agent or representative

2. Spousal Consent: Required if the property is matrimonial property or in states where spousal consent is mandatory

3. Corporate Authorization: Required when either party is a corporate entity, including board resolutions

4. Governor's Consent: Section acknowledging requirement for and/or receipt of Governor's consent for the transfer

5. Special Conditions: Any special terms or conditions specific to the transaction

6. Tax Declarations: Statements regarding payment of relevant taxes and duties, required in some states

Suggested Schedules

1. Property Schedule: Detailed technical description of the property including survey plans and measurements

2. Title Documents: List and copies of all relevant title documents and certificates

3. Payment Schedule: If payment is to be made in installments, detailed payment plan

4. Encumbrances Schedule: List of any existing encumbrances, charges, or limitations on the property

5. Property Features: Inventory of fixtures, fittings, and other items included in the sale

6. Required Consents: Copies of all necessary consents and approvals obtained

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































Clauses


























Relevant Industries

Real Estate

Construction

Banking and Finance

Commercial Property Development

Residential Property Development

Agriculture (for farmland)

Industrial

Retail

Hospitality

Manufacturing

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Secretariat

Risk Management

Business Development

Investment

Operations

Finance

Relevant Roles

Legal Counsel

Real Estate Manager

Property Manager

Compliance Officer

Land Administrator

Title Officer

Real Estate Developer

Property Lawyer

Conveyancing Manager

Real Estate Director

Corporate Secretary

Business Development Manager

Investment Manager

Asset Manager

Risk Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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