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Land Purchase Contract Template for Nigeria

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Key Requirements PROMPT example:

Land Purchase Contract

"I need a Land Purchase Contract for acquiring a 5-hectare agricultural property in Lagos State, Nigeria, with completion scheduled for March 2025, including specific provisions for existing farming rights and water access."

Document background
The Land Purchase Contract is a crucial legal document used in Nigerian real estate transactions to formalize and document the transfer of land ownership. It is essential for any land acquisition in Nigeria, whether for personal, commercial, or industrial purposes. The document must comply with the Land Use Act 1978, which vests all land in the state governors, and requires specific formalities including governmental consents and proper registration. The contract typically includes detailed property descriptions, price and payment terms, warranties about title, and completion procedures. It's particularly important in Nigeria due to the complex nature of land ownership and the need to navigate both statutory and customary land rights. This document is used across various sectors and is fundamental for any organization or individual looking to acquire land interests in Nigeria.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses

2. Background: Context of the transaction including brief history of ownership and purpose of the sale

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the land including boundaries, measurements, and registration particulars

5. Purchase Price: Agreed purchase price and payment terms including deposit and completion payment details

6. Title and Ownership: Vendor's confirmation of ownership rights and authority to sell under the Land Use Act

7. Conditions Precedent: Conditions that must be met before completion, including obtaining necessary governmental consents

8. Completion: Process and requirements for completing the transfer of the property

9. Vendor's Covenants: Warranties and representations by the vendor regarding the property and title

10. Purchaser's Covenants: Obligations and commitments of the purchaser

11. Registration and Transfer: Procedures for registering the transfer with relevant authorities

12. Risk and Insurance: Allocation of risk and responsibility for insurance before and after completion

13. Notices: Process for serving notices between parties

14. Governing Law: Confirmation of Nigerian law as governing law and jurisdiction

15. Execution: Formal execution block for signing and witnessing

Optional Sections

1. Environmental Matters: Required when the property has specific environmental considerations or requirements

2. Planning Permissions: Needed when the land requires specific planning permissions or has development restrictions

3. Existing Tenancies: Required when the property is subject to existing tenancies or occupancy rights

4. Agricultural Land Provisions: Necessary for rural land transactions with agricultural considerations

5. Mining Rights: Required when mineral rights are relevant to the transaction

6. Access Rights: Needed when specific access arrangements or rights of way must be addressed

7. Traditional Rights: Required when customary or traditional rights need to be addressed

8. Development Obligations: Needed when there are specific development requirements or restrictions on the land

Suggested Schedules

1. Property Schedule: Detailed technical description of the property including survey plans and coordinates

2. Title Documents: List of all title documents and evidence of ownership

3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

4. Encumbrances Schedule: List of any existing charges, mortgages, or encumbrances on the property

5. Required Consents: List of governmental and regulatory consents required for the transaction

6. Outstanding Taxes: Schedule of any outstanding taxes or charges on the property

7. Property Condition Report: Current state and condition of any structures on the land

8. Land Use Restrictions: Details of any restrictions or conditions on land use

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Agriculture

Construction

Industrial Manufacturing

Mining

Retail

Hospitality

Education

Healthcare

Infrastructure Development

Energy

Telecommunications

Relevant Teams

Legal

Real Estate

Property Development

Corporate Development

Facilities Management

Finance

Operations

Business Development

Project Management

Risk Management

Compliance

Investment

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Land Administrator

Project Manager

Facilities Manager

Chief Executive Officer

Chief Financial Officer

Investment Manager

Property Acquisition Manager

Development Director

Corporate Expansion Manager

Real Estate Agent

Construction Manager

Business Development 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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