Difference between freehold and leasehold land in Lago

In Lagos (and Nigeria as a whole), understanding the difference between freehold and leasehold land is crucial before buying property. Here's a clear breakdown of the two:

🟢 Freehold Land

Definition:
Freehold means **permanent ownership of land. The buyer owns the land outright, including the right to pass it on to heirs or sell it at any time.

Key Features:

* You own the land forever.
* You have full control and rights over the property.
* No rent is paid to the government.
* It's common in areas that are not yet acquired or committed by the government.
* Buyer gets full title rights, subject to land registration and proper documentation (like a C of O or Deed of Assignment).

But:
In practice, true freehold is rare in Lagos due to the Land Use Act of 1978, which vests all land in each state in the Governor’s authority.

🟡 Leasehold Land

Definition:
Leasehold means you are leasing the land from the government (or original landowner) for a fixed period, usually 99 years (or less, depending on what’s left on the lease).

Key Features:

* You don’t own the land permanently.
* The state still controls the land, and you’re just a tenant for a long term.
* After the lease period expires, the land reverts back to the government unless the lease is renewed.
* Most titled lands in Lagos (especially government-allocated lands) are leasehold.
* You still get documents like Governor’s Consent, C of O, or Deed of Assignment.

⚠️ Important Notes for Buyers:

* Always verify the title of the land before buying.
* Many lands are under acquisition or yet to be excised — be cautious.
* Use a real estate lawyer to confirm whether the land is truly freehold or leasehold.
* If leasehold, ask: “How many years are left on the lease?”

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