EasyBuy Lands & Properties

14/02/2024

Happy Valentine’s Day Friends!❤️🤗

29/01/2024

Interesting!

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25/08/2020

*SAFEGUARDS WHEN PURCHASING A LAND IN NIGERIA:*

By Douglas Ogbankwa Esq.

Purchasing a land can be a thing of great joy,but if you are not careful,it could be a living nightmare!

The following are safeguards when purchasing a land in Nigeria.

1.Let a Lawyer be with you at the beginning of the Transaction.It makes the Land Speculators to do the right thing ,from the beginning, knowing that a good Lawyer will detect fraud or discrepancies from the start.

2.Never make payments and sign documents later,most times after making payments,the Vendors become evasive and elusive ,knowing there is nothing to look on to

3. Never pay cash for land purchases ,do a bank transfer , issue a cheque or raise a draft to provide a trail of evidence .

4.Investigate title and ownership before purchase,don't believe every information given to you by the Vendor,subject it to scrutiny .

5. If they say the Vendor is abroad, insist on a Power of Attorney from the Vendor to a person here in Nigeria and go on line to verify the authenticity of the fact,by using social media channels to reach the Vendor.

6.Let the person who introduced you to the transaction sign as a witness for you

7.Always put dates in your Deeds of Transfer or Assignment ,an undated document has no probative value in Law-as per a ratio by the Supreme Court of Nigeria.

8 .If the land document is registered ,conduct a search at the Lands Registry to ascertain ,if there had been a Transfer ,if there was a Charge ,Mortgage ,Caveat or any kind of encumbrances whatsoever .

9.If the Owner of the land is dead, demand for a document conferring ownership on the Vendor ,like Letters of Administration,Document of Sharing or Order from the Customary Court .

10.Take your documentation seriously ,do not patronize quacks or business centres,be guided that according to the Land Instrument Preparation Law,,every document relating to land must be prepared by a Legal Practitioner,failure of which ,what you have will be a worthless sheet of paper!Pay right now or you will pay more later.

11. If you are not sure of the genuineness of the Land,pay Instalmentally,do some work to ascertain encumbrance or otherwise .

12.Do not allow the Vendor to rush you, while doing a land transaction ,being rushed is a red flag,that the land may not be genuine .

13.Always insist on a receipt for every payment made ,to give you evidence of same.

13.Do a Survey Plan immediately after purchasing a land, and lodge it in the Lands Registry,to put on purchase on official records .

14.Do not buy a land and leave it fallow,make sure you have contact of people around the land to monitor it for you and to alert you against any Trespass.

15.Make sure you have pictures and videos of the signing of the Land Documents,the children of the Vendor may feign ignorance of your transaction ,if for any reason the Vendor dies.

16.Do not allow the Vendor to get a Lawyer for you,get your Lawyer that will protect your interest.

17.Make sure the Community Leaders are aware of your purchase of land in their c
Community ,it makes fraud less likely and makes your purchase public knowledge.

18.Read through before signing a Land Document,every word is important and the Law only interprets your agreements and not your thoughts. "Pacta Sunt Servada "-Parties are bound by their Agreements.

19.You may require the Vendor to swear to an Affidavit of ownership,so if it turns out that he is not the Owner ,it becomes a Criminal issue of lying on Oath -Perjury.

20. Buying a Land from an individual that is ascertained to be the Owner of the land,is likely to be more authentic than buying from the Community!Be more thorough ,when buying from the Community!

21.Ensure you make the Vendor to sign and receipt and indemnity for you and ensure every Deed of Transfer prepared for you have an indemnity clause.If the land is fake ,the Matter becomes an automatic case of fraud.

13/02/2019

Ambode launches 1,000-Hectares modern satellite city in Epe
..Project To Create 200,000 Jobs, Provide Housing Schemes For Lekki FTZ
..Lagos Gov's Policies Are About Economic Prosperity, Development, Says Audu Ogbeh

Lagos State Governor, Mr Akinwunmi Ambode on Tuesday launched a 1000-hectare modern satellite city in Epe-Ibeju Lekki axis projected to create over 200,000 jobs and housing schemes for all the major projects coming on board within the Lekki Free Trade Zone.

Named Alaro Satellite City, Governor Ambode described the unveiling of the project as a major milestone in his administration's vision of making every part of the State economically viable and livable, adding that the development was a dream come true.

He said with major projects in the works in the Lekki-Epe corridor such as the Free Trade Zone, largest Deep Sea Port in Africa and International Airport, among others, a new city to provide housing schemes and other facilities for workers, investors and the people generally was desirous, hence the need for the initiative.

Giving details, Governor Ambode said: "The Alaro Satellite City was conceived to provide housing schemes to a broad spectrum of income earners, industrial workspaces, warehouses, hospitality and commercial office facilities amongst others.

"The project would not only open up the corridor but would transform its economic landscape by providing jobs, reducing poverty and contributing significantly to socio-economic development of the State, especially in terms of the GDP of the State in particular, and the country in general."

While commending the private sector especially Rendeavour Group and North West Quadrant Company for partnering with the State Government to deliver the new city, the Governor said the successful launch of the project was a demonstration of the confidence the Organised Private Sector (OPS) and foreign investors have in viability of doing business in the State, adding: "The Alaro Satellite City is a strong statement that our Lagos is still attracting more direct foreign investment."

The Governor, who assured the partners of the State Government’s unshaken commitment to the success of the project, also expressed strong optimism that the initiative would be continued by successive administration being that it is about creating jobs and scaling up the GDP of Lagos.

He said in anticipation of increase in human and vehicular movement within the axis as a result of ongoing gigantic projects, the State Government would construct a road to link Shagamu-Benin Expressway from Lekki Deep Sea Port and a 50-hectare truck park.

According to him, "We are aware that the increase in construction and industrial activities are already taking its toll on the road networks and other complementary infrastructure along this corridor.

"In order to forestall future chaotic traffic log-jams within this corridor and avoid similar incidences such as is being experienced in the Apapa axis, we have initiated the process of constructing the 7th Axial Road from the Lekki Deep Sea Port, en route the Lekki Free Zone to the Shagamu-Benin Expressway.

"The design for the construction of a 50-hectare truck park within the Lekki-Epe corridor is also in progress."

Besides, Governor Ambode lauded the host communities for their trust and forbearance, revealing that the State Government had approved 750 hectares of land as resettlement land for communities displaced from Parcel B of the Lekki Free Zone namely Yegunda, Abomiti and Eyin-Osa.

He said the Lands Bureau had also been instructed to expedite action on the enumeration of the land in question to accelerate payment of compensation and the issuance of the C of O, just as he assured all stakeholders of the commitment of government towards ensuring the security of all investments and maintaining good harmonious relationships between the investors and the host communities.

Speaking earlier, Minister of Agriculture, Chief Audu Ogbeh commended those behind the project particularly Governor Ambode, saying his politics were about development and economic prosperity.

"I am particularly happy to be here for the launch of this project. Lagos is Nigeria's New York and I am told that nearly 72 percent of Nigeria's currencies circulate in Lagos and I am even happier because I like the politics of Governor Ambode because though you are a much younger person than I am, I can assure you that you have a big future ahead.

"The biggest responsibility of a governor in any country and in Nigeria in particular where we are struggling to build an economy is to develop the economy of the State; every other thing comes after. We have to create jobs; there are too many of our young people graduating from school looking for jobs and so when you find that an investor and a governor are investing and creating those jobs you desperately need, you definitely would put your hands together for them," Ogbeh said.

13/01/2019

*ADVERT UPDATE*
*☆☆☆☆☆☆☆☆☆☆*

GREENFIELD COURT II

Why not join the wise investors that will be getting value for their money within the shortest possible time?

The Greenfield Court 2 is just a perfect investment for you to key in.

The Greenfield Court is a prime estate located 8 minutes drive after the prestigious La Campaigne Tropicana Beach Resort and 10 minutes drive from the Lekki Free Trade Zone.

PROMO PRICE: 550,000
HOTTEST PROMO: Buy 5 get 1 free
ORIGINAL PRICE: 800,000
TITLE: EXCISION IN PROGRESS
SIZE: *600SQM*

WHY YOU NEED TO INVEST IN GREENFIELD COURT II

🕹Over 250 Return On Investment in Shortest possible Time
🕹Close Proximity to LA Campaigne Tropicana Beach Resort and lekki free trade zone.
🕹Directly facing the major Road
🕹Selling at a promo price, the price will be increase in few days time.

Buying Real Estate is not only the best way, it's the quickest way and the safest way but the only way to become wealthy

For more information| Inspection| Payment Details , please contact us.

13/01/2019

THE MOST IMPORTANT QUESTIONS LAND INVESTORS SHOULD BE ASKING.

Many people, especially those about to make their first land transaction get confused when it comes to asking the right questions.

In some cases, intending investors ask questions like “where is the place?”, “Is it far?” and so on. Some even go as far as asking for the longitude & latitude of the land, all as a result of people trying to be careful so as not to make a financial commitment they would later regret. Now, wouldn’t it be better if they knew the right questions to ask?

That brings us to the first question anyone intending to buy land should ask, which is:
What is the STATUS of the land?

Before you buy land any where in Nigeria, it is very important you know the "Status of the Land!"

Knowing the status of the land you are about to buy can save you a lot of Time, Money and unnecessary Hassles.

Imagine buying a piece of land, erecting a building on it, only for the Government to come years later and tell you to move out, with claims that your building is illegal because it is sitting on Government property.

All these can be prevented if you KNOW the STATUS of the land you are investing in before sealing the deal.

This brings us to *LAND CLASSIFICATION*

Land can be classified as either FREE or ACQUIRED.
A parcel of land is considered Free if the Government has not indicated any interest whatsoever on the said land.
Such land is SAFE TO BUY because the Title on the land can be "Perfected Without Issues."

In most cases, such lands will either have a
* Gazette
* C of O
* Governor’s Consent

Now that you understand what it means for Land to be Free, you should also know that ALL lands within areas designated as Urban are under Government Acquisition until deemed Committed or Free.

There are Two types of Acquisition;
* Committed Acquisition
* General Acquisition

COMMITTED ACQUISITION
A parcel of land is said to be under Committed Acquisition when the Government has already indicated intention to use the said land for a "Specific Purpose" such as provision of amenities bothering on Industrial or Residential.
Such lands belong to Government and can NEVER be available for use by individuals.

If you purchase such land (under Committed Acquisition), it will be impossible to perfect your Land Title and you’ll only be occupying the land until Government comes to kick you out.

GENERAL ACQUISITION
Lands under “General Acquisition or “Global Acquisition" can later be later confirmed "Free" or "Committed."
A land under General Acquisition can become FREE by a process called EXCISION.

EXCISION is a process whereby the Government releases a portion of an expanse of land that is not Committed."

If a parcel of land formerly under Acquisition becomes Excised, it is then considered FREE and therefore becomes GAZETTED.

In this case, the Gazette then becomes the Title on the Land and such Land is SAFE TO BUY because a proper Title can be processed on the said land.

A second case where Lands under General Acquisition can be released is if an individual purchased a land under Acquisition WITHOUT going through an Excision process. Such Lands can go through another process called “RATIFICATION” or “REGULARIZATION” in which the land owner pays for the land to be Ratified or Regularized.

Conditions for actualizing the above:
* If the Land in question doesn't fall within a Committed Area.
* That the purpose for which the Land was bought does not disrupt the original plan of Government.

However, conditions for Ratification may differ from State to State.

I hope by now you understand the Most Important Question(s) to ask when buying land in Nigeria and the kind of lands you should avoid. Contact EasyBuy Lands and Properties for more clarifications on your enquiries.

If you got value from this article, please share it with others, you might just be saving someone from possible demolition in future.

Thank you!

02/01/2019

18/12/2018

UNDERSTANDING LAND SIZES AND MEASUREMENT.

Most people who purchase land in Lagos and elsewhere don't really understand the meaning of these Real Estate terms. As a potential buyer wishing to buy a land or build a new house you must be conversant with a few of these figures. The first hurdle is to understand the system of Land measurement in Nigeria.

In Nigeria today, Land is measured in Hectares, Acres, Meters and Feet. These measurements are affected by factors, which include development pattern, human and environmental factors.

Let's start by asking what is the size of a standard plot in Nigeria?

According to the dictionary meaning of a plot: A plot is a marked out piece of Land for the purpose of building or farming. The word 'plot' is an arbitrary term used to describe a land division carved out for property development.

The size of a plot can vary for different reasons but according to Nigeria's land division, the appropriate plot for a house construction is 50 x 100ft which can accommodate a standard house with a small compound. To better understand land divisions used in Nigeria, different units of area are used as follows:

*HECTARE*
A hectare is one of the least known metric units and one which potential buyers and Estate developers seem to struggle with -

It is a land measuring:

👉🏿100m x 100m OR
👉🏿328ft x 328ft OR
👉🏿10,000 sqm OR
👉🏿Two and half acres OR
👉🏿15 plots.

*ACRE*
An Acre is a standard unit of measurement used by Land sellers and it is almost equivalent to the size of a standard football field. An Acre is a product of any rectangular plot of land giving a total of:

👉🏿4,046sqm OR
👉🏿43,560 sq ft OR
👉🏿6 plots (each measuring 60ft x 120ft)

*PLOT*
In Lagos State, the standard size of a plot is 60ft x 120ft (18m x 36m i.e. 648 sqm), while in some other cities of the country, plots are measured in 50ft x 100ft.

*HOW TO UNDERSTAND LAND TITLE AND DOCUMENTS*

-Real Estate Coach Spark shares this, though copied, but I feel we should go through it.

SURVEY PLAN

A Survey plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of that land. The people that handle survey issues are Surveyors and they are regulated by the office of the Surveyor general in Lagos as it relates to survey issues in Lagos. A survey plan must contain the following information:

1. The name of the owner of the land surveyed

2. The Address or description of the land surveyed

3. The size of the land surveyed

4. The drawn out portion of the land survey and mapped out on the survey plan document

5. The beacon numbers

6. The surveyor who drew up the survey plan and the date it was drawn up

7. A stamp showing the land is either free from Government acquisition or not

EXCISION

Land Use Decree on the 28th of March, 1978 that vested all lands in every state of the Federation under the control of the State Governors. The Land Use Act coupled with other laws made it possible for the Governor who was now the owner of all lands in the state to actually have the power to Acquire more lands compulsorily for its own public purpose to provide amenities for the greater good of the citizens.

Fortunately, the government recognizes that indigenes of different sections of the country have a right to existence . . . a right to the land of their birth. Hence, it is customary for state government to cede a portion of land to the original owners (natives) of each area.

An Excision means basically taking a part from a whole and that part that has been excised, will be recorded and documented in the official government gazette of that state.

GAZETTE

A Gazette is an Official record book where all special government details are spelt out, detailed and recorded

A gazette will show the communities or villages that have been granted excision and the number of acres or hectares of land that the government has given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public and not anything outside those hectares of land given or excised to them.

A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the Villagers. A community owning a gazette can only sell lands to an individual within those lands that have been excised to them and the community or family head of that land has the right to sign your documents for you if you purchase lands within those excised acres or hectares of land.

DEED OF ASSIGNMENT

A Deed of Assignment is an Agreement between the Seller of a Land or Property and a Buyer of that Land or property showing evidence that the Seller has transferred all his rights, his title, his interest and ownership of that land to that the Seller that has just bought land.

The Deed of Assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a Governor’s Consent or _Registered Conveyance

CERTIFICATE OF OCCUPANCY

A Certificate of Occupancy (C of O) issued by the Lagos State Government officially leases Lagos land to you, the applicant, for 99 yrs. As already indicated above, all lands belong to the Government.

A C of O however is the officially recognized Document for demonstrating Right to a Land.
What happens after 99 years? That question is still subject of debate among experts. Most have adopted a wait-and-see attitude. Others postulate that as the new owner of the land, you the buyer, can renew the certificate of occupancy when it expires. That makes sense, but for now is largely a case of we shall see. Understand this write-up please. It will help you as a realtor.

23/11/2018

BRIDGEVILLE COURTS, MAGODO Phase-2

Nestled within the pristine and exclusive Magodo GRA Phase 2 in Lagos. Bridgeville Courts is set to be the next go to location for seekers of classy and prestigious residential estate on the Ikeja/ Mainland axis.

Situated within a stone throw of the renowned Ikeja City Mall, Alausa Secretariat, Ikeja City Center, Caleb International School, Grand Square Super Stores, MKO (Marwa) Gardens etc. It boasts of easy access to most parts of Lagos via the Trunk-A expressway passing directly in front of it.

Infrastructure developments:
* Interlocked/ tarred roads
* 24hrs electricity provision
* Street lighting
* Neighborhood Security
* Proper Drainage Provision
* Green Areas

Size per plot: 600sqm

Title: Global C of O /Ratification In process

Introductory Price: N25m (first 30 Plots)
* 3 months Instalment plan available
Discount offer: 5% on Outright Payment

*For Inspection/ info, contact: 08053344240