hello everyone my name is Adalind and
I'm the legal advisor here at civic PDC
today I'm going to talk to you about
legal questions you should ask before
buying a land
investing in real estate can be very
rewarding and for many people before the
rod comes you have to put in your money
your livelihood you and your savings on
the line this decision should not be
taken lightly because with such
sacrifices the last thing you want to do
is make a very bad investment cut words
for the land vendors do deals agents
fake documents or buying land that is
the subject of litigation and a host of
other distressing issues so what are the
two important things you should know
about land investment in Nigeria one
land verification and two proper
documentation and verification 9
verification in a bid to ascertain true
ownership of the land and it is
imperative that you ask for documents
and also investigate same at the Land
Registry such due diligence search would
reveal the true owners of the land the
nature of interest on the land the
survey plan amongst others it's also
important that you do a physical
inspection of the land wherein you ask
people living around the area about the
owner of the property verify the person
or the company that you're working with
during the course of your transaction if
it belongs to a real estate company you
could go the extra mile of going to the
corporate affairs commission to
ascertain their existence and also to
check the company's online presence also
it's imperative that you are setting the
land taxes owed and the hidden bias
feeds example the ground rent the
service charge the tax clearance
development fees etc we should also
avoid paying for real estate
transactions in cash and do not skip
physical inspection of the property
proper documentation the importance of
documenting your investment cannot be
overemphasized ensure that your title to
the land is registered upon purchase in
order to secure your title to everything
I've said so far can be achieved by
doing due diligence and having your
investment properly documented from all
the husband said I'm sure that you now
know what to look out for when you're
investing in real estate and with a
reputable real estate company you might
ask why a real estate company right and
a bid to protect the company's image
credible real estate companies more
often than not deliver on promises made
to clients they're ensure that they
acquire lands with good title and show
that the physical allocation is done as
soon as possible also there is nothing
more satisfying than living in a gated
community devoid of land-grabbers
finally you are protected from the
problems that come with purchasing land
from individuals because the company
anta straights intercourse such
eventualities until next time and here
you
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