Document background
The Deed of Sale Contract is a fundamental legal instrument in Nigerian property transactions, used to formalize and document the transfer of ownership of property between parties. This document is essential when conducting property sales in Nigeria, whether for residential, commercial, or industrial purposes. It must comply with various Nigerian legal requirements, including the Land Use Act, Stamp Duties Act, and relevant state property laws. The deed includes crucial details such as party information, property description, consideration, warranties, and completion requirements. When dealing with land, additional requirements such as Governor's consent may apply. The document serves as conclusive evidence of the transfer and must be properly executed, stamped, and registered to be legally effective. A properly drafted Deed of Sale Contract provides security for both parties and helps prevent future disputes regarding the property transfer.
