¶¶Òõ¶ÌÊÓƵ

All Countries
Commercial
Residential Real Estate Purchase Contract

Residential Real Estate Purchase Contract Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Residential Real Estate Purchase Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Residential Real Estate Purchase Contract

"I need a Residential Real Estate Purchase Contract for a 3-bedroom property in Lagos, Nigeria, with a completion date of March 15, 2025, including provisions for installment payments over 6 months and specific clauses about existing tenant rights."

Celebrated by
Collaborations with
Investors
Document background
The Residential Real Estate Purchase Contract is a fundamental legal document used in Nigerian property transactions to formalize the sale and purchase of residential properties. This document is essential when transferring ownership of residential real estate in Nigeria, ensuring compliance with the Land Use Act of 1978 and other relevant federal and state property laws. It should be used whenever a residential property sale is being conducted, whether for private homes, apartments, or other residential units. The contract includes crucial elements such as property description, purchase price, payment terms, warranties about title and condition, and completion procedures. It also addresses specific Nigerian requirements such as governor's consent for land transfers and proper registration with state land registries. The document protects both buyers' and sellers' interests while ensuring the transaction meets all legal requirements for property transfer in Nigeria.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names and addresses

2. Background: Context of the transaction and brief description of the property being sold

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

4. Property Description: Detailed description of the property including boundaries, title details, and registration particulars

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

6. Completion: Timing and procedures for completion of the sale

7. Title and Transfer: Seller's warranties regarding title and process for transfer of ownership

8. Seller's Representations and Warranties: Warranties regarding property condition, encumbrances, and legal status

9. Buyer's Representations and Warranties: Confirmations regarding buyer's capacity and ability to complete purchase

10. Conditions Precedent: Conditions that must be satisfied before completion

11. Risk and Insurance: Allocation of risk and responsibility for insurance until completion

12. Default and Remedies: Consequences of default by either party and available remedies

13. Notices: Process for giving formal notices under the agreement

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

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Mortgage Arrangements: Used when buyer requires mortgage financing, including conditions and requirements

2. Tenant Rights: Required if property is currently tenanted, addressing existing tenancy agreements

3. Planning Permissions: Needed if property requires specific planning permissions or has ongoing applications

4. Environmental Matters: Required for properties with environmental concerns or requirements

5. Development Rights: Used when there are specific development rights or restrictions

6. Service Charges: Needed for properties subject to service charges or management fees

7. Third Party Rights: Required when there are rights of way or other third party interests

8. Cultural/Historical Preservation: Used for properties with historical or cultural significance requirements

Suggested Schedules

1. Property Schedule: Detailed property description, including plans and boundaries

2. Title Documents: List of all title documents and certificates

3. Fixtures and Fittings: Inventory of included and excluded fixtures and fittings

4. Property Condition Report: Detailed report on property condition at time of sale

5. Outstanding Charges: Details of any outstanding charges, taxes or fees

6. Planning Documents: Copies of relevant planning permissions and certificates

7. Survey Plan: Official survey plan and documentation

8. Land Use Clearance: Copies of land use and zoning clearances

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

alex.den.21@genieai.co
Relevant legal definitions










































Clauses






























Relevant Industries

Real Estate

Legal Services

Banking & Finance

Construction

Insurance

Property Development

Property Management

Urban Planning

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Operations

Finance

Sales

Investment

Administrative

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Conveyancing Lawyer

Legal Counsel

Property Developer

Mortgage Advisor

Land Administrator

Compliance Officer

Title Officer

Real Estate Paralegal

Property Consultant

Transaction Manager

Real Estate Investment 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

Find the exact document you need

Agreement For Flat Sale

A Nigerian law-governed agreement for the sale and purchase of a flat, detailing terms, conditions, and obligations of the transaction.

find out more

Shop Selling Agreement

A Nigerian law-governed agreement for the sale and transfer of a retail establishment, including its assets, inventory, and related business components.

find out more

Agreement For Purchase Of Goods

A Nigerian law-governed agreement template for the purchase and sale of goods, covering essential transaction terms and regulatory requirements.

find out more

Buy Sell Contract

A Nigerian law-governed Buy Sell Contract for commercial transactions, incorporating local regulatory requirements and essential sale terms.

find out more

Agreement Of Sale Of Immovable Property

Nigerian law-compliant agreement for the sale and transfer of immovable property, outlining terms, conditions, and legal requirements for property transfer.

find out more

Letter Of Intent For Property Sale

A preliminary document under Nigerian law outlining the intended terms and conditions for a proposed property sale transaction, setting the framework for final negotiations.

find out more

Land Contract Purchase Agreement

A Nigerian law-compliant agreement for the purchase and transfer of land ownership, incorporating federal and state land law requirements.

find out more

Purchase And Sale Contract For Residential Property

A Nigerian law-governed agreement for the sale and purchase of residential property, ensuring compliant transfer of ownership and protecting both parties' interests.

find out more

Vacant Land Purchase And Sale Agreement

A legal agreement for the purchase and sale of vacant land in Nigeria, compliant with the Land Use Act and local property laws.

find out more

Agreement For Flat Purchase

Nigerian law-governed agreement for the purchase and sale of residential flats, incorporating local property law requirements and transfer procedures.

find out more

Private Property Sale Agreement

A Nigerian law-governed agreement for the sale and transfer of private property ownership, ensuring compliance with the Land Use Act while protecting both parties' interests.

find out more

Vacant Land Sale Contract

A Nigerian law-governed agreement for the sale and purchase of vacant land, incorporating requirements under the Land Use Act and state regulations.

find out more

Simple Real Estate Purchase Contract

A straightforward agreement for property purchase and transfer in Nigeria, compliant with local real estate laws and regulations.

find out more

Bill Of Sale Stock Purchase Agreement

A Nigerian law-governed agreement documenting the sale and transfer of company shares, including terms, conditions, and regulatory compliance requirements.

find out more

Bill Of Sale For Asset Purchase Agreement

A Nigerian law-governed document that legally transfers ownership of assets from seller to buyer, detailing sale terms and conditions.

find out more

Agreement For Sale Of Shares To Another Shareholder

Nigerian law-governed agreement for the transfer of shares between existing shareholders of a company, compliant with CAMA 2020.

find out more

Business Sell Agreement

A Nigerian law-governed agreement for the sale and purchase of a business, detailing terms, conditions, and obligations of the transaction.

find out more

Bill Of Sale And Purchase Agreement

A Nigerian law-governed agreement documenting the sale and transfer of property between parties, detailing terms, conditions, and ownership transfer specifics.

find out more

Simple Vacant Land Purchase Agreement

A standardized agreement for vacant land purchase in Nigeria, compliant with the Land Use Act and state regulations, outlining terms for transferring undeveloped land ownership.

find out more

Personal Property Sales Contract

A Nigerian law-governed contract for the sale of personal property, detailing terms of sale, payment, and transfer of ownership.

find out more

Car Sale Payment Agreement

A Nigerian law-governed agreement establishing terms for vehicle sale and payment arrangements, ensuring legal compliance and protecting both parties' interests.

find out more

Bill Of Sale Purchase Agreement

A Nigerian law-governed agreement documenting the sale and transfer of ownership of personal property from seller to buyer, including essential terms and conditions of the transaction.

find out more

Sell And Buy Back Agreement

A Nigerian law-governed agreement structuring the sale of assets with a predetermined buyback arrangement, including terms, conditions, and regulatory compliance requirements.

find out more

Shareholder Buyout Agreement

A Nigerian law-governed agreement facilitating the purchase of shares from an existing shareholder, outlining transfer terms, warranties, and completion requirements.

find out more

Residential Real Estate Purchase Contract

A Nigerian law-governed agreement for the sale and purchase of residential real estate property, establishing terms and conditions for property transfer.

find out more

Real Property Sales Contract

A Nigerian law-governed agreement for the sale and purchase of real property, ensuring compliance with the Land Use Act and state property regulations.

find out more

Master Sale And Purchase Agreement

A Nigerian law-governed framework agreement establishing terms for ongoing sales transactions between parties, including ordering, pricing, delivery, and quality requirements.

find out more

Agreement Of Sale Contract

A Nigerian law-governed contract documenting the terms and conditions for the sale and transfer of property, goods, or assets between parties.

find out more

Sale And Buy Back Agreement

A Nigerian law-governed agreement structuring the sale of an asset with a commitment for future repurchase at predetermined terms.

find out more

Business Purchase And Sale Agreement

A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of a business entity or its assets, ensuring legal compliance and protection for all parties involved.

find out more

Buy And Sell Agreement

A Nigerian law-governed agreement that establishes terms and conditions for the sale of goods or assets between buyer and seller.

find out more

Sales And Purchase Agreement Of Goods

A Nigerian law-governed agreement establishing terms and conditions for the sale and purchase of goods, including price, delivery, and warranties.

find out more

Land Sale Agreement

A legally binding agreement for land transfer in Nigeria, incorporating local legal requirements including governor's consent provisions.

find out more

Asset Purchase And Sale Agreement

A Nigerian law-governed agreement for the transfer of assets between parties, detailing terms, conditions, and compliance requirements for the sale.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.