Document background
A Deed of Purchase is the primary legal instrument used in Nigeria for documenting and effecting the transfer of property ownership. This document is essential when any individual or organization wishes to acquire real property in Nigeria, whether for residential, commercial, or industrial purposes. The deed must comply with the Land Use Act 1978 and other relevant Nigerian property laws, requiring governor's consent for the transfer and proper registration with the lands registry. It contains crucial information including detailed property descriptions, consideration amount, warranties of title, and specific covenants by both parties. The document's execution must meet the formal requirements for deeds under Nigerian law, including proper witnessing and attestation. This type of document is particularly important as it provides conclusive evidence of the transfer and helps ensure clear title to the property.
