Buying land in Lagos can make you rich — or drag you into years of lawsuits. Skip the courtroom drama by spotting legal traps early. Here’s a concise, practical checklist you can use right now.
1. Title Problems — the #1 Trigger
What to check
Confirm original document: C of O, Gazette, Excision, or Governor’s Consent.
Ask for the original, not photocopies.
Verify at the Lagos State Land Registry / Surveyor-General.
Red flags
“Receipt only” sales, “excision in progress,” or sellers who say “we’ll perfect later.”
2. Multiple Sales / Double Allocation
What to do
Demand an allocation document and plot number before paying.
Cross-check plot number and beacon positions on-site with the survey plan.
Run a land search at the Registry.
Red flags
Different names on receipt, conflicting beacon numbers, or sellers who delay allocation.
3. Family Land (Omo-Onile) Disputes
How to protect yourself
Require signed family consent from the head and principal members.
Get a witnessed family agreement + Deed of Assignment.
Insist your lawyer confirm the sellers’ authority.
Red flags
One person claiming to represent the whole family, evasive sellers, or stories about “very difficult elders.”
4. Government Acquisition
How to avoid it
Check if the land is on government acquisition lists or reserved for projects.
Use a licensed surveyor to confirm land status and coordinates.
Red flags
Land near planned public projects without official excision/gazette.
5. Forged Documents & Fake Surveys
Verification steps
Confirm surveyor’s name and stamp with the Surveyor-General’s office.
Ask for original deed and have your lawyer compare signatures/registrations.
Red flags
Missing surveyor stamp, inconsistent plan numbers, or photos that look stock/borrowed.
6. Contracts & Payment Terms — avoid vague agreements
Must-have clauses
Exact plot number, size, GPS coordinates, price breakdown, payment schedule, allocation timeline, and refund/penalty terms.
Clear clause on when allocation/title will be issued.
Red flags
Oral promises, blank fields in contracts, or “pay first, documents later” demands.
7. Skipping Legal Counsel
Why you need one
A property lawyer verifies title chains, prepares Deed of Assignment, handles Governor’s Consent, and protects you in escrow arrangements.
Budget
Legal fees are a small price compared to a ruined investment — typically 0.5%–2% of property value depending on services.
8. Not Using Escrow or Staged Payments
How to pay safely
Use escrow or staggered payments tied to verifiable milestones (allocation, survey, title transfer).
Avoid full upfront payments to individuals.
Red flags
Sellers insisting on cash or immediate full payment without documentation.
9. Failing to Inspect On-Site
What to verify physically
Beacon numbers, access roads, neighboring developments, and signs of multiple staking.
Bring your surveyor and lawyer to the site.
Red flags
No visible beacons, multiple claimants on site, or sellers refusing site visits.
10. Ignoring After-Sale Services & Warranties
Ensure developer responsibilities
Confirm developer will assist with Governor’s Consent, C of O processing, and infrastructure delivery (if promised).
Get timelines and penalties in writing.
Red flags
Developers who vanish after payment or refuse to commit to timelines.
Quick Pre-Purchase Checklist (Do this before paying anything)
1. See original title and survey plan.
2. Land search at Lagos State Land Registry.
3. Site inspection with a licensed surveyor.
4. Confirm allocation document and beacon match.
5. Lawyer reviews & prepares all contracts.
6. Use escrow / staged payment.
7. Get written warranty on title perfection steps.
Final Thought
A few verification steps now save years of lawsuits and millions in loss later. Treat due diligence as part of the purchase price — not optional.
Stop letting your money sleep while others make theirs grow.
Invest in Tiara Estate Phase 1 — facing Lekki International Airport.
📍 Ibeju-Lekki
🧾 Title: C of O
💰 ₦39.9M per plot | Initial Deposit: ₦6M
Other profitable investment opportunities
Lekki Haviation Town: Price N39,999,999, C of O, location: Lekki Epe Expressway (all inclusive), initial deposit N8Million
🚀 Tiara Estate Phase 2: Price: N26M, initial deposit N4MILLION
4 Bedroom Duplex Carcass at Amen Estate Phase 3
Location: Lekki epe expressway
500 SQM- N125/ legals 5%
650 SQM - N140M/Legals: 5%
Intial deposit: N10MILLION
📞 Call/WhatsApp: +2348082952354 (Mr. Ilori Kolawole Samuel) to secure your allocation.
#LandInvestment #IbejuLekki #TiaraEstate #LagosRealEstate #WealthCreation #SmartInvestors #LekkiAirport #LandBanking #NigeriaRealEstate #InvestmentOpportunities
#kolexproperties #ilorikolawole #NoRegretsOnlyReturns #LandForRetirement #amenestate #tiaraestate #lekkiaviationtown #BeTheLandlordNotTheTenant
#BillionaireSecretLand #land #lagos #SmartInvesting #NigeriaProperty #WealthBuilding #PropertyInvestment #RealEstateTips #InvestInLagos #FinancialFreedom #AffordableLand #LandBanking #InvestSmart #RealEstateInvesting #LagosPropertyMarket #PropertyOwnership #landgorsaleinlagos #lekkilagos #ajah #ikoyi #lagosnigeria #nigeriainusa #nigeriaincanada #nigeriaindubai
No comments:
Post a Comment