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Deed Of Variation Property Template for Nigeria

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Key Requirements PROMPT example:

Deed Of Variation Property

"I need a Deed of Variation Property to modify the boundaries of my commercial property in Lagos, Nigeria, as agreed with the adjacent property owner, with the variation to take effect from March 1, 2025; the original deed was registered in 2020 and both properties are held under separate Certificates of Occupancy."

Document background
The Deed of Variation Property is an essential legal instrument in Nigerian property law that enables parties to modify existing property agreements without creating entirely new deeds. This document type is particularly relevant when circumstances require amendments to existing property arrangements, such as changing property boundaries, updating rights of way, modifying lease terms, or adjusting other property-related rights and obligations. The deed must conform to Nigerian legal requirements, including the Land Use Act 1978, and often requires registration with the state land registry. It's commonly used in both commercial and residential property transactions, and its preparation requires careful attention to ensure all variations are clearly stated and properly authorized, especially given Nigeria's unique land tenure system where state governors hold land in trust for the people.
Suggested Sections

1. Parties: Details of all parties to the deed, including the original parties to the deed being varied

2. Background: Recitals explaining the context of the original deed and the reason for variation

3. Definitions: Definitions of key terms used in the deed, including reference to definitions in the original deed

4. Reference to Original Deed: Specific details of the original deed being varied, including date, parties, and registration details

5. Effective Date: The date from which the variations will take effect

6. Variations: Clear statement of each specific variation being made to the original deed

7. Confirmation of Other Terms: Confirmation that all other terms of the original deed remain unchanged and in full force

8. Governing Law: Confirmation that the deed is governed by Nigerian law

9. Execution: Formal execution blocks for all parties, including requirements for deed execution under Nigerian law

Optional Sections

1. Consent: Required when the variation needs consent from third parties or governmental authorities

2. Registration Requirements: Included when the variation requires specific registration with land registry or other authorities

3. Costs: Include when there are specific arrangements about who bears the costs of the variation

4. Tax Implications: Required when the variation has specific tax consequences that need to be addressed

5. Conditions Precedent: Include when the variation is subject to certain conditions being met before taking effect

6. Further Assurance: Optional clause requiring parties to take any further actions necessary to give effect to the variation

Suggested Schedules

1. Schedule 1 - Original Deed: Copy or extract of the original deed being varied

2. Schedule 2 - Property Description: Detailed description of the property including boundaries, title details, and registration information

3. Schedule 3 - Variations: Detailed description of the variations where these are complex or lengthy

4. Schedule 4 - Plans: Any relevant plans or drawings of the property, particularly if the variation affects boundaries or property rights

5. Schedule 5 - Consents: Copies of any required consents or approvals from third parties or authorities

6. Appendix A - Supporting Documents: Any additional documents referenced in the deed of variation

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

Construction

Property Development

Banking and Finance

Agriculture

Industrial Manufacturing

Retail

Hospitality

Energy and Resources

Infrastructure Development

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Asset Management

Compliance

Risk Management

Corporate Affairs

Land Administration

Operations

Relevant Roles

Property Lawyer

Real Estate Manager

Land Administrator

Property Development Manager

Legal Counsel

Conveyancing Lawyer

Estate Manager

Facilities Manager

Property Rights Specialist

Land Registry Officer

Real Estate Investment Manager

Asset Manager

Property Portfolio 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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