19/07/2024
TYPES OF LAND DOCUMENTS IN NIGERIA
In the past, lands belong to indigenous families who have lived on them but the passage of time and the introduction of the Land Use Act of 1978 has brought about a massive change. The Land Use Act states that all urban land within a state is given to the governor to hold on behalf of the people, and as a result, the governor is responsible for allocating land in these areas to individuals or organizations for residential, agricultural, and commercial purposes.
There are various land documents to consider when buying or selling land. The applicable document for such a property sale will be determined by the type of the property's ownership. These documents will establish the legitimacy of the land ownership claim.
Here are types of land documents.
DEED OF ASSIGNMENTS:
A Deed of Assignment is a legal document that records a land sale and transfers interest and title in real property from one party to another, beginning from the date specified in the document. The deed will usually contain a specific description of the property and the amount that it is sold.
CERTIFICATE OF OCCUPANCY:
It is an officially recognized land document that allows you to exert some control over your land while still allowing you to enjoy and use it. It is a document issued by the state or federal government that grants 99-year leases to landowners. It is one of Nigeria's most widely used property documents or titles.
GOVERNOR’S CONSENT:
Unlike a C of O, which is a document produced by the government and personally signed by the governor conferring the right of occupancy to the holder for 99 years, Governor's Consent is an appendix to a deed of assignment that is submitted by the assignee to the government informing the government that a transaction has occurred and they require the Governor's consent for the transaction to proceed.
For if a person with a C of O intends to sell land to another person, the government must approve the transaction before it can be completed. This process is repeated each time the property is sold to a new owner.
SURVEY PLAN:
This document contains land boundary measurements for accurate land measurement and description. Surveyors are in charge of this document, which is governed by the Surveyor-General.
EXCISION DOCUMENT:
Where land is under acquisition, the process whereby the government releases a portion and is considered free is called excision. Excision properly spelled in a gazette will form a good document for one to be certain that land is not under acquisition.
GRANT OF PROBATE:
Only the Executor mentioned in the Will receives a Grant of Probate. In the probate procedure, the Executor collects assets and distributes them to the beneficiaries. Because the dead named the Executor in his Will, the beneficiaries are unable to replace him.
LETTER OF ADMINISTRATION:
Letters of Administration are similar to a Grant of Probate but are issued instead to the next of kin of an individual who dies without a Will. You have not designated a specific person as your Executor to administer your estate if you have not made a Will. As a result, the law establishes a list of individuals who are eligible to apply for Letters of Administration.
At Boradek Properties, our team of professionals is ready to advise and assist you when it comes to owning or selling property in Nigeria and providing the necessary documents you would need. Visit us at No 39, Liberty Road, opposite Okart furnitures, Oke Ado, Ibadan and enjoy an easy and smooth experience with tangible results!