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Deed Of Absolute Sale With Special Power Of Attorney Template for Nigeria

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Key Requirements PROMPT example:

Deed Of Absolute Sale With Special Power Of Attorney

"I need a Deed of Absolute Sale with Special Power of Attorney for a residential property sale in Lagos, Nigeria, where I'm the overseas buyer and need to appoint my local attorney to handle the completion process scheduled for March 2025."

Document background
The Deed Of Absolute Sale With Special Power Of Attorney is a specialized legal instrument used in Nigerian property transactions where a complete transfer of ownership is required along with the delegation of specific powers to a representative. This document is particularly valuable when parties cannot be physically present for all aspects of the transaction or when post-sale actions may be required. It complies with Nigerian property law requirements, including the Land Use Act and Powers of Attorney Act, and is commonly used in both commercial and residential property transactions. The document typically includes comprehensive property descriptions, clear terms of sale, and detailed powers granted to the attorney-in-fact. It's essential for international transactions, corporate dealings, or situations where logistics require delegated authority for property-related matters.
Suggested Sections

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

2. Background/Recitals: Context of the sale, including seller's ownership rights and authority to sell

3. Definitions: Key terms used throughout the deed including Property, Purchase Price, Completion Date

4. Sale and Purchase: Core provision transferring absolute ownership from seller to buyer

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

6. Seller's Representations and Warranties: Guarantees regarding property ownership, absence of encumbrances, and right to sell

7. Special Power of Attorney: Specific powers granted to the attorney-in-fact, including scope and duration

8. Attorney's Powers and Authorities: Detailed list of actions the attorney can perform on behalf of the principal

9. Property Handover: Terms for physical transfer of property and documentation

10. Execution Requirements: Formal requirements for deed execution including witnessing and attestation

11. Governing Law: Specification of Nigerian law as governing law

Optional Sections

1. Tax Provisions: Used when specific tax obligations need to be allocated between parties

2. Existing Tenancies: Required when property is sold subject to existing tenancies

3. Planning Permissions: Included for properties requiring specific planning or development permissions

4. Third Party Consents: When sale requires approval from government authorities or other parties

5. Environmental Warranties: For industrial or commercial properties with potential environmental concerns

6. Revocation of Prior Powers: Used when replacing existing powers of attorney

7. Survivorship Clause: When power of attorney needs to remain valid after principal's death

Suggested Schedules

1. Property Description Schedule: Detailed legal description of property including boundaries, title details, and land registration particulars

2. Purchase Price Schedule: Breakdown of purchase price and payment terms if complex payment structure exists

3. Powers Schedule: Comprehensive list of specific powers granted under the Special Power of Attorney

4. Document List: List of all title documents and relevant certificates being transferred

5. Property Plans: Survey plans, building plans, and other relevant property drawings

6. Existing Encumbrances: Details of any existing charges, mortgages, or restrictions on the property

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

Relevant legal definitions




































Clauses






























Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Agriculture

Industrial

Commercial Property

Residential Property

Hospitality

Retail

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretariat

Land Administration

Acquisitions

Investment

Development

Due Diligence

Relevant Roles

Real Estate Manager

Property Lawyer

Conveyancing Attorney

Legal Counsel

Property Developer

Real Estate Agent

Compliance Officer

Title Officer

Land Administrator

Corporate Secretary

Property Portfolio Manager

Real Estate Investment Manager

Legal Director

Property Acquisition 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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