Ify Udo and Associates

Ify Udo and Associates Our line of business is solely on Real Estate (Surveying of land, Selling of land, development of land, consultancy and management of property)

Real Estate Inspiration Once upon a time, Mr. Gabriel living at Igwuruta in Rivers State was preparing to travel to his ...
30/09/2025

Real Estate Inspiration

Once upon a time, Mr. Gabriel living at Igwuruta in Rivers State was preparing to travel to his state. As a wise investor, he decides to invest some money in property at Ipo, by buying some plots of land.

This was in 2018. He contacted the realtor who showed him some choice locations at N250k/plot.

Mr. Gabriel said "This is expensive. It will take 15yrs for this to develop"
He traveled without buying the property. After 7yrs, he returned to find out, to his bewilderment that Ipo has developed beyond his expectation.

He called his realtor to get him a quote. "I have some brief Mr. Gabriel and the cheapest among them is N1.3m/plot" - The realtor said.

Mr. Gabriel was shocked. He didn't take the realtor for his words. He searched around and found out that it was true.

Lesson: "Don't wait to buy land, buy land and wait"

28/09/2025

CONTENTS OF A CONTRACT TO BUY LAND IN NIGERIA

1. Particulars Of The Parties Involved- the parties to a contract to buy land in Nigeria must be persons at law, natural persons as individuals and entities with corporate personality. The parties to the contract to buy land must be fully described in detail such as the name, address and status of the vendor and buyer. The description of the parties as to status is dependent on the nature of the transaction.

2. Description Of Land To Be Sold- a full description of the land must be contained in the contract to buy land. The description should be such that it is in relation with the description contained in the survey plan (where there is a survey plan).

3. Capacity Of The Vendor- it is important to inquire into the nature f the vendors' title to the land being sold. The vendor has to prove that he has a good root of title either from
a Deed of Assignment duly perfected or by a deed of gift, a Court vesting order or by an Assent. Usually, the capacity of vendor is as a beneficial owner of the land is an assurance to the buyer that the vendor has the right to convey the land, and will grant to the buyer the right to quiet enjoyment of the land and assurance that the land is free from any encumbrances.

4. The Purchase Price Of The Land- a contract to buy land will enable the buyer and the vendor to agree on whether an initial deposit of the purchase price of the land will be made, the manner in which it will be paid and the date it will be made. A deposit clause should be inserted in the contract to buy land to serve as a security by the purchaser to the vendor as evidence of his intention to complete the purchase of the land. The deposit is different form part payment in that deposit is made before the conclusion of the contract to show commitment on part of the purchaser that the sale is not gratuitous while part payment is part of the purchase price to be made by the purchaser after the conclusion of the contract.

5. Closing Date- the contract to buy land must contain the date when the contract will be finalised by the parties to it, that is the date where the final payment of the land will be made, and the title will be transferred to the buyer. Some contracts to buy land include clauses that upon the delay of payment of the purchase price or fulfilment of specific conditions, the buyer may lose the land and get a refund. So, this clause helps to keep parties abreast with the time limitation to avoid delay in concluding the transaction

CONCLUSION
For a contract to buy land to be valid there must be an offer, acceptance and consideration. It is important to state that a contract to buy land comes first before the transfer of interest in the land. Also, perfection of the sale which includes obtaining Governor's Consent, register of the document and stamping of the document is not necessary for the contract to buy land as it is only the equitable interest that has passed at that stage and not legal interest.

For more tips on this, follow up IFY UDO AND ASSOCIATES

We , We , We We are

EXCISION IN RELATIONS TO LAND MATTER! Before now the traditional families have so much power when it comes to anything c...
24/09/2025

EXCISION IN RELATIONS TO LAND MATTER!
Before now the traditional families have so much power when it comes to anything concerning land, they are the ones who determine which land will be sold and which one they will keep.
Because of this super power they have on land, they refuse to sell lands to individuals who need it, but give it out to them under tenancy system and which made them to still have full control over that land.
This made it very difficult for anyone who wants to buy land to get one.

Because of this and some other reasons, it finally led to the proclamation of the Land Use Decree (now Act) 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 is 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 still 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.
So an Excision simply means 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.
In other words, not having an excision means the land could be seized by the Government anytime without compensating you even if you bought it “Legitimately” from the Original dwellers on the land.
Hope you understand why this land document is very important before you buy any land. Because it is with this land document that you know if the Land is FREE or Under Government Acquisition.

For Consultancy service, Locate IFY UDO AND ASSOCIATES . 10 LIBAC STREET IGWURUTA, RIVERS STATE OR Contact us on 08069263932 Or Click on WhatsApp icon at the right bottom corner of this post. Our agent is ready to speak with you

We , We and We !

09/05/2025

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HOW TO OWN PROPERTY ANONYMOUSLY

Owning property anonymously typically involves using legal entities or structures to hold the property, keeping your personal name out of public records. Here are some common methods:

1. *Limited Liability Companies (LLCs)*: Form an LLC to hold the property. LLCs provide liability protection and can be managed anonymously.

2. *Trusts*: Create a trust, such as a revocable living trust or an irrevocable trust, to hold the property. Trusts can provide anonymity and tax benefits.

3. *Corporations*: Form a corporation to hold the property. Corporations provide liability protection, but may require more formalities than LLCs.

4. *Nominee Entities*: Use a nominee entity, such as a nominee trust or a limited partnership, to hold the property. Nominee entities can provide anonymity, but may have tax implications.

5. *Offshore Entities*: Consider using offshore entities, such as a foreign trust or corporation, to hold the property. Offshore entities can provide anonymity, but may have tax implications and require compliance with international regulations.

It's essential to consult with an attorney or a real estate expert to determine the best strategy for your specific situation and to ensure compliance with all applicable laws and regulations.

💥💥💥💥💥💥💥💥💥💥💥💥💥 If you can't afford to build on the land you acquired from REAL ESTATE COMPANY within three months, it's b...
18/04/2025

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If you can't afford to build on the land you acquired from REAL ESTATE COMPANY within three months, it's best not to buy it. The reason is that the land can be repossessed if left undeveloped within the specified period.

But If they have given you the Registered Deed of Assignment or Conveyance and the Red copy survey plan for the landed property

They lack the legal power to collect your Land from you cos legally, ownership has been transferred to you

But if you are yet to get those documents highlighted above

You property with them is still subject to their terms and conditions of sale.

(Always get the land documents listed above as soon as you made the payment)

Taking possession is very important but it's only the Government that has the power to revoke your ownership of a land after you have acquired those documents above

You can also sell the Land acquired from REAL ESTATE COMPANY if you have those documents highlighted above

For more clarity, consult Ify Udo and Associates

17/04/2025

A very important information that you need before you buy a Land.

Listen, don't buy law into your hands!

In the case of death and the document of the property of the person who died is hijacked by any of the children or stol...
17/04/2025

In the case of death and the document of the property of the person who died is hijacked by any of the children or stolen or burned or may be not found.

What to do in order to save the property from trespassing or wrong claims or sold

First step
Go and buy paint and write boldly on the house that, this house is not for sale beware of (put the name of the person who hijacked the document and include 419 too)

Once you do that

Apply for temporary injunction :- this is an urgent application in court to stop someone from selling a property

You also need to inform the Land Registry about it
Since the matter has been registered in court already, your lawyer can register a 'Lis Pendens'
This will serve as a public notice that the property is subject to litigation meaning say Case on top the property head and no one should buy it.

That's all!

For property consultancy, Ify Udo and Associates is your plug!

In the case of 3 brothers who inherited property from their parents, e.g a house (3 storey building). You can be the sol...
17/04/2025

In the case of 3 brothers who inherited property from their parents, e.g a house (3 storey building). You can be the sole owner of your shared portion without any interference from your other brothers.

The question is; how can that be possible?

Yes, there is a possibility.
And the way out is what we call DEED of PARTITION

A deed of partition is the only legal document that divides a jointly owned or inherited property into distinct individual shares.
Once the deed is executed and registered at the Ministry of land, you become the sole owner of your specific portion.

From that moment
The property now have different Landlord's just as it is in Government owned estated where one building have about 4 or 3 Landlord's

You are the landlord of your own portion and your brothers do not have the right to trespass to your portion again else you can charge them for trespass

I use this opportunity to urge everyone who inherited property from their parents to do the right thing today by getting deed of partition for your own portion of what you inherited

You may think there is love today and no issues
But I can assure that issues will arise tomorrow
So, before it arise
Do the right to settle it ahead.

If you want to buy Land from Omonile (Traditional Family that owns the Land) The documents you are supposed to get from...
25/08/2024

If you want to buy Land from Omonile (Traditional Family that owns the Land)

The documents you are supposed to get from them in order to secure the land so they won't take it away from you. 👇👇👇👇👇

When you buy Land from the "Traditional family"

What you get from them is only "Purchase receipt and Family Receipt"

After that, you are the one to get a lawyer to help you prepare the "deed of assignment" and you are the one to get a surveyor to help you prepare the "survey plan".

Have it in mind that the Traditional family will collect money for foundation and fence from you whenever you want to do.

This are just some form of charges from them, but give unto Ceaser what belongs to Ceaser make you fit breathe

But there is something that is very important which you must do.

Possession is key.

Even if na only 20 or 50 blocks you can afford monthly, pls ensure you are doing something on the land every month

Thats one way to keep possession incase if money no too dey like that.

E g*y why ooooo.

No matter who are buying land from.

If you refuse to take possession

The pure truth and unhidden fact is that, if you refuse to take possession you may loose your Land

But before you pay for the Land, pls go to the Ministry of Land or Land Registry as they call it in some states to confirm if the land or area at large is not a Govt acquired area

Or better still, hire a surveyor to do that for you "which I am always at your convenience to do it".

Don't keep this information to yourself

Help your loved ones by spreading it to them!

Address

Libac Street Igwuruta
Port Harcourt
511101

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