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Deed Of Sale Of Inherited Property Template for Nigeria

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Key Requirements PROMPT example:

Deed Of Sale Of Inherited Property

"I need a Deed of Sale of Inherited Property for a residential property in Lagos, Nigeria that I inherited through my father's will, which I'm selling to a private buyer for ���75 million, with completion planned for March 2025."

Document background
The Deed of Sale of Inherited Property is a crucial legal document used in Nigerian property transactions where the seller has acquired the property through inheritance. This document is essential when transferring ownership of inherited real estate, whether the inheritance occurred through statutory succession, customary law, or Islamic law. The deed must carefully address the complexities of Nigerian property law, including compliance with the Land Use Act 1978, state-specific regulations, and traditional legal systems. It includes detailed provisions establishing the seller's inheritance rights, property descriptions, title warranties, and necessary governmental approvals. This document type is particularly important in Nigeria's legal context, where property transfers often involve multiple legal frameworks and require careful documentation to ensure valid transfer of title.
Suggested Sections

1. Parties: Identification of the Vendor(s) (inherited property owners) and Purchaser(s), including their full names, addresses, and capacity to contract

2. Background: Recitals establishing how the property was inherited, reference to death certificate, probate/letters of administration, or customary declaration of inheritance

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

4. Evidence of Inheritance: Detailed declaration of the vendor's inheritance rights and supporting documentation

5. Property Description: Comprehensive description of the property being sold, including boundaries, measurements, and registration particulars

6. Consideration: Statement of the purchase price and payment terms

7. Vendor's Covenants: Warranties regarding inheritance rights, title, and authority to sell

8. Title Guarantee: Warranties about the quality of title being transferred

9. Completion Requirements: Details of what must occur at completion, including payment and document handover

10. Registration and Consent: Provisions regarding obtaining necessary governmental consents and registration requirements

11. Execution: Formal execution clause meeting requirements for a deed under Nigerian law

Optional Sections

1. Customary Law Compliance: Required when the property was inherited under customary law, detailing compliance with relevant traditional practices

2. Sharia Law Compliance: Required for properties in northern Nigeria where Islamic law applies to the inheritance

3. Co-heirs' Consent: Required when there are multiple inheritors of the property

4. Family Member Acknowledgment: Optional section for documenting family members' awareness of the sale, particularly important under customary law

5. Tax Clearance: Optional section confirming payment of any inheritance taxes or property taxes

6. Power of Attorney: Required when any party is acting through an attorney

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property description, including survey plans and land registration details

2. Schedule 2 - Inheritance Documents: Copies of death certificate, probate/letters of administration, or customary court judgments

3. Schedule 3 - Title Documents: List and copies of all relevant title documents

4. Schedule 4 - Consent Requirements: List of required governmental and customary consents

5. Appendix A - Family Tree: Documentation showing the vendor's relationship to the deceased and rights of inheritance

6. Appendix B - Declaration of Co-heirs: Where applicable, declarations from other potential inheritors confirming their consent to the sale

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











































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Relevant Industries

Real Estate

Property Development

Legal Services

Banking and Finance

Construction

Urban Development

Property Investment

Estate Management

Land Administration

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Land Administration

Title Registration

Conveyancing

Property Development

Investment

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Estate Agent

Legal Counsel

Conveyancing Lawyer

Land Registry Officer

Property Developer

Real Estate Investment Manager

Compliance Officer

Title Research Specialist

Property Rights Consultant

Estate Administrator

Land Administrator

Property 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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