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Sale Deed For House
"I need a Sale Deed For House for a 3-bedroom residential property in Lagos, Nigeria, with a purchase price of 50 million Naira to be paid in three installments, with completion scheduled for March 2025."
1. Parties: Identification of the Vendor/Seller and Purchaser/Buyer with full legal names, addresses, and if applicable, registration details
2. Background: Recitals stating the ownership history, property title details, and intention to sell
3. Definitions: Definitions of key terms used throughout the deed
4. Property Description: Detailed legal description of the property including boundaries, measurements, and registration particulars
5. Consideration: Purchase price and payment terms including the amount, method, and timing of payment
6. Vendor's Representations and Warranties: Seller's guarantees regarding property title, absence of encumbrances, and authority to sell
7. Transfer of Title: Legal transfer of ownership and rights from vendor to purchaser
8. Possession: Terms and timing of giving possession to the purchaser
9. Registration and Stamp Duty: Provisions for registration of the deed and payment of stamp duty
10. Costs: Allocation of transaction costs between parties
11. Governing Law: Specification of Nigerian law as governing law
12. Execution: Signature blocks for parties and witnesses
1. Existing Tenancies: Details of any existing tenants and lease agreements, used when property is sold with sitting tenants
2. Planning Permissions: Details of existing planning permissions or restrictions, used for properties with development potential or restrictions
3. Service Charges: Details of any service charges or management fees, used for properties in estates or managed developments
4. Environmental Matters: Environmental warranties and indemnities, used for properties in industrial areas or with potential environmental concerns
5. Power of Attorney: Authorization details if either party is acting through an agent, used when parties cannot be physically present
6. Mortgage Details: Information about existing or new mortgages, used when property is sold subject to mortgage
7. Reserved Rights: Details of any rights reserved by the vendor, used when seller retains certain rights over the property
1. Property Schedule: Detailed technical description of the property including land area, building specifications, and boundaries
2. Title Documents: List and copies of all title documents including Certificate of Occupancy or other title deeds
3. Inventory: List of fixtures, fittings, and other items included in the sale
4. Land Use Approvals: Copies of relevant government approvals, permits, and certificates
5. Property Plans: Survey plans, architectural drawings, and location maps
6. Payment Schedule: Detailed breakdown of payment terms if payment is to be made in installments
7. Due Diligence Reports: Reports confirming legal and physical status of the property
Authors
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Urban Planning
Housing Development
Property Investment
Real Estate Investment Trusts
Property Management
Legal
Real Estate
Property Management
Compliance
Risk Management
Operations
Housing Development
Investment
Documentation
Asset Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Property Developer
Legal Counsel
Conveyancing Officer
Title Officer
Property Valuer
Mortgage Officer
Land Administrator
Real Estate Investment Manager
Housing Development Officer
Property Rights Specialist
Compliance Officer
Real Estate Transaction Manager
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