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Land Purchase Deed
"I need a Land Purchase Deed for acquiring a 2,000 square meter commercial property in Lagos, Nigeria, with immediate development rights for a retail complex, expected completion by March 2025."
1. Parties: Identification of the Vendor/Seller and Purchaser/Buyer with full legal names and addresses
2. Background: Recitals establishing the Vendor's ownership, right to sell, and Purchaser's intention to buy
3. Definitions: Definitions of key terms used throughout the deed
4. Property Description: Detailed description of the land including boundaries, measurements, and registration particulars
5. Consideration: Purchase price and payment terms
6. Vendor's Covenants: Seller's warranties regarding title, right to sell, and freedom from encumbrances
7. Transfer of Title: The operative part transferring ownership from Vendor to Purchaser
8. Governor's Consent: Acknowledgment of requirement for Governor's consent under the Land Use Act
9. Possession: Terms of delivering possession to the Purchaser
10. Execution and Attestation: Formal signing requirements and witness details
1. Environmental Warranties: Warranties regarding environmental condition of the land, used when property is in industrial areas or has history of commercial use
2. Planning Permissions: Details of existing planning permissions and restrictions, included when property has specific development potential
3. Existing Tenancies: Details of any existing tenants and lease arrangements, included when property is sold subject to tenancies
4. Customary Rights: Acknowledgment of any existing customary rights, included for properties in traditional areas
5. Service Charges: Details of ongoing service charges or community fees, included for properties in estates or managed communities
6. Development Obligations: Specific development requirements or restrictions, included when property is sold with development conditions
1. Property Schedule: Detailed technical description of the property including survey plans and coordinates
2. Title Documents: Copies of all relevant title documents including Certificate of Occupancy or prior deeds
3. Payment Schedule: Detailed breakdown of payment terms if payment is to be made in installments
4. Land Use Clearance: Copies of land use and zoning clearances from relevant authorities
5. Survey Plan: Official survey plan and measurements of the property
6. Tax Clearance: Evidence of payment of all relevant taxes and duties
7. Photographs: Recent photographs of the property and its boundaries
Authors
Real Estate
Construction
Agriculture
Industrial Manufacturing
Retail
Hospitality
Education
Healthcare
Mining
Infrastructure Development
Commercial Development
Residential Development
Legal
Real Estate
Property Management
Corporate Affairs
Facilities Management
Finance
Compliance
Business Development
Project Management
Operations
Real Estate Lawyer
Property Manager
Land Administrator
Corporate Counsel
Real Estate Developer
Investment Manager
Facilities Manager
Company Director
Chief Executive Officer
Chief Financial Officer
Property Acquisition Manager
Legal Counsel
Compliance Officer
Real Estate Agent
Project Manager
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