Document background
The Final Deed of Sale is a fundamental legal instrument in Nigerian property law that formalizes the transfer of property ownership. This document is essential when concluding any property sale transaction in Nigeria, whether for residential, commercial, or industrial properties. It must comply with the Land Use Act of 1978 and other relevant Nigerian legislation, including requirements for governor's consent and proper registration. The deed contains comprehensive details about the property, parties involved, consideration, warranties, and encumbrances. It serves as the definitive evidence of property transfer and must be properly executed, stamped, and registered to be legally enforceable. The Final Deed of Sale is particularly important in Nigeria's dual land tenure system, where both statutory and customary laws may apply, and it provides security of title for the purchaser while protecting the interests of all parties involved.
