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Conveyance Sale Deed

Conveyance Sale Deed Template for Nigeria

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Key Requirements PROMPT example:

Conveyance Sale Deed

"I need a Conveyance Sale Deed for the purchase of a commercial property in Lagos State, Nigeria, valued at 500 million Naira, with existing tenancies that need to be preserved after the sale completes in March 2025."

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Document background
The Conveyance Sale Deed is a crucial legal instrument in Nigerian property law, used to document and effectuate the transfer of real property ownership. It is essential for any transaction involving the sale of land or buildings in Nigeria, whether residential, commercial, or industrial. The document must comply with the Land Use Act 1978, which vests all land in the state governors, and therefore requires obtaining the Governor's consent for validity. The deed typically includes comprehensive details about the property, parties involved, consideration, warranties, and any encumbrances. It must be properly stamped under the Stamp Duties Act and registered at the appropriate land registry to perfect the title transfer. This document is particularly important in Nigeria's legal system where proper documentation of land ownership is crucial for establishing clear title and avoiding future disputes.
Suggested Sections

1. Parties: Identification of the Vendor/Seller and Purchaser/Buyer with full legal names and addresses

2. Background: Recitals stating the Vendor's ownership/title to the property and intention to sell

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

4. Consideration: Details of the purchase price and payment terms

5. Testatum: The operative part declaring the transfer of property

6. Parcels Clause: Brief description of the property being conveyed

7. Vendor's Title: Statement of the nature of the Vendor's title to the property

8. Rights and Easements: Rights, privileges, and easements included in the sale

9. Vendor's Covenants: Warranties and covenants given by the Vendor regarding title and property

10. Purchaser's Covenants: Obligations and covenants of the Purchaser

11. Completion: Details of completion date and procedures

12. Execution: Formal execution clause and signature blocks

Optional Sections

1. Existing Tenancies: Details of any existing tenancies affecting the property - include if property is subject to tenancies

2. Encumbrances: Description of any charges, mortgages or encumbrances - include if property is not free from encumbrances

3. Planning Permissions: Details of planning permissions and restrictions - include for properties with development potential

4. Environmental Matters: Environmental warranties and indemnities - include for industrial or potentially contaminated properties

5. Service Charges: Details of service charges and maintenance obligations - include for properties in estates or multi-unit developments

6. Mineral Rights: Provisions regarding mineral rights - include where relevant to the property location

7. Development Restrictions: Specific restrictions on future development - include where required by planning or local regulations

Suggested Schedules

1. First Schedule - Property Description: Detailed description of the property including boundaries, measurements, and plan

2. Second Schedule - Title Documents: List of title documents and their dates

3. Third Schedule - Encumbrances: Details of any existing encumbrances affecting the property

4. Fourth Schedule - Rights and Easements: Detailed description of rights and easements included or reserved

5. Appendix A - Property Plans: Survey plans and property drawings

6. Appendix B - Land Use Approvals: Copies of relevant land use approvals and permits

7. Appendix C - Governor's Consent: Copy of Governor's consent or application for consent

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
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Relevant Industries

Real Estate

Construction

Agriculture

Industrial Manufacturing

Retail

Hospitality

Mining

Infrastructure Development

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Facilities Management

Corporate Secretariat

Asset Management

Investment

Operations

Risk Management

Relevant Roles

Legal Counsel

Property Manager

Real Estate Agent

Land Administrator

Compliance Officer

Property Developer

Facilities Manager

Corporate Secretary

Real Estate Investment Manager

Asset Manager

Title Officer

Property Surveyor

Land Registry Officer

Real Estate Attorney

Transaction 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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