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…

When i bought my first land from an Omonile some years back i was totally naive about the ways and customs involved in buying a land in Lagos. I thought it was a straight cash and carry business and that was it. Little did i know my pockets would be further drained by so many mundane local fees that should make the Tax office jealous.   The more i protested, the more the unexpected and unplanned fees kept coming till i almost regretted buying that bloody land when i wasn’t ready. Back then, i had no one to educate me…

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…

Latest Rules and Requirements to get  and Calculate Your Governor’s Consent yourself. They are extremely Strict on it so be alert and follow every requirement and complete payment unless Big Query.   I just came back from the land registry and it was quite tedious to get all these information but it’s worth sharing because the number of people that i saw that their jobs were queried and money lost due to bad or mishandling of the process is quite shocking and pitiful because money is hard to come by.   So be very careful when you want to do…

Every day I get phone calls and emails from people stating their intention to buy lands and pleading with me for me to recommend good lands for them to buy that I think is an excellent deal and has no Omonile Wahala beseeching it but we all forget something very important that deals with buying lands in Lagos and that is the cost implications of purchasing a land.   A lot of people think if they have some amount of money set aside in a bank, that will cover all the expenses required to purchase a land in Lagos and…