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The Land Verification Experts on all land matters in Lagos and Ogun State

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Real Estate Developers' Documents

Know the Difference between RECTIFICATION and RATIFICATION of Title to Land

OmonileLawyer

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OmonileLawyer

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Don’t be confused. Rectification and Ratification means 2 separate things but they sound alike. Rectification means to correct a grave error on a document while Ratification means giving formal consent to a contract or agreement thereby making it validly official.   To understand how Rectification of Title to Land differs from Ratification of Title to land, we have to understand what a Land title means so we can comprehend it quite easily.     WHAT IS LAND TITLE?   Land title may be defined as the rights or ownership claim a person has over a property. It simply means, for…

INDEMNITY CLAUSE IN LAND TRANSACTIONS – ITS RELEVANCE

OmonileLawyer

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OmonileLawyer

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In legal circles, the word “indemnity” is used in contracts. It means recompense for any loss or liability which one person has incurred. It has been defined as an obligation undertaken by a person called the indemnitor/indemnifier to provide compensation for a particular loss suffered by another person called the indemnitee/indemnity holder.     A claim to an indemnity can arise by either by operation of law or by contract. It must also be noted that an indemnity can be made subject to the rules of damages. The indemnifier bears the primary obligation with regard to the amount of the…

Joint Ownership of Land?- What they won’t tell you before you buy that land!

OmonileLawyer

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OmonileLawyer

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What is joint ownership of land?   Joint ownership of land simply means when 2 or more people own a piece of land or lands jointly. Any right, benefit, claim or over that piece or parcel of land belongs to the owners jointly and not on an individual basis.   Example of jointly owning a land includes a land that belongs to a husband and wife (not or wife), Father and daughter, Mother and Son, Sister and Brother, Business partner 1 and Business partner 2, Lands owned by a cooperative society, land owned by a company etc.   This means…

LAGOS STATE PROPERTIES PROTECTION LAW 2016 – A DETAILED REVIEW

OmonileLawyer

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A sign warning that the property isn't for sale

OmonileLawyer

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Introduction   If you live in Lagos, you must be aware of the activities of land grabbers popularly referred to as “omo-onile” who have constantly taunted the public with their polluted habit of either selling a particular parcel of land to several persons.     Hereby dispossessing lawful owners from their lands or demand for endless charges from lawful owners of properties who have begun the process of building on their lands for roofing, decking, flooring etc.     Their activities have helped record a decline of investments in the real estate sector by investors in Nigeria particularly, Lagos state…

What is a Deed of Assignment and the Foolish Risk your taking for not having a Deed of Assignment for your Land

OmonileLawyer

38 COMMENTS

OmonileLawyer

38 COMMENTS

A deed of Assignment is one of the most important documents YOU MUST HAVE when you conclude a Land Transaction. In fact it baffles me that 6 out of 10 people I know who have bought lands in the past have no deed of assignment. They are always the first to complain that Omonile has defrauded them but they have no proof to show the property has been sold to them other than a receipt.     It’s funny that everyone has the title documents to their car showing who the seller was and how it was transferred from the…

PROS AND CONS OF BUYING AN OMONILE LAND OR INTO A REAL ESTATE DEVELOPERS ESTATE

OmonileLawyer

3 COMMENTS

OmonileLawyer

3 COMMENTS

The truth about land scams   The rate of land scams in Lagos, Ogun, Port Harcourt and Abuja is getting extremely alarming and buyers these days are so weary of falling victim to Evil people parading as Land owners but in reality the land they claim to own and intend to sell belongs to somebody else.   Property buyers are so confused as to the type of property they intend to purchase because the system is so rotten coupled with the problems that accompany living in a rented apartment . Buyers have become extremely desperate to own lands not minding…

4 Types of Deadly Land Taxes that Could Bankrupt you if your not Aware of them before you buy land

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Omonile Lawyer

6 COMMENTS
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Omonile Lawyer

6 COMMENTS

Do you know there are so many hidden Charges and taxes that you must pay when buying  a land that could bankrupt you easily if your not careful?   These taxes hide in plain sight and it is until you want to perfect your papers it will rear its ugly head. I have compiled a list of  4 Problematic fees that your not aware of and the earlier you start taking cognizance of it, the better:     4 Problematic fees that your not aware of   1. Everybody wants to buy a land with a C of O but…

Why You Should Never Buy a Land that has a Power of Attorney as its Main Source of DerivingTitle

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Omonile Lawyer

1 COMMENT
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Omonile Lawyer

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One of the reasons we see so many cases in court with respect to Land Disputes can be traced to this very Powerful but dangerous Document called a Power of Attorney or P.O.A.  A Power of Attorney is a written document given by Party A to Party B to carry out certain functions on behalf of that Party A within a specified period. Such functions and powers granted to Party B may include the power to sell, manage, buy, transfer, engage, refuse and administer the Property or Land of Party A till the expiration of the Power of Attorney. Unknown…