Tips on Property Ownership Verification in Nigeria

The verification of property ownership in any property for sale in Nigeria before purchase is very important to avoid any pitfall during and after the transaction. Property verification typically involves several steps, as the process can vary depending on the state and local regulations.

Property For Sale Nigeria strongly advice prospective property buyers to conduct thorough due diligence before finalizing any property transaction. Verify all information provided by the seller and confirm the legitimacy of their ownership claim through independent channels. Below are some general steps you can take

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Property Physical Inspection

When you have made up your mind to purchase a particular property, the first step is to visit the property and verify its physical characteristics against the details provided in the documents. You can also speak to neighbors or local residents to gather additional information about the property and its ownership.

Obtain a copy of the survey plan for the property. This document shows the exact boundaries and measurements of the land. Also, if the property has a Certificate of Occupancy (C of O), obtain one for later verification and authenticity with the relevant authorities. These documents serves as proof of ownership issued by the government.

Land Registry Office Visitation

Haven physically verified the property on sale and armed with the relevant documents relating to the property, the next step is to Visit the land registry office in the state where the property is located. Each state in Nigeria has its own land registry where property documents are recorded. You can inquire about the property in question and request to see the search report and land title documents.

This report will provide information on the current status of the property, including details of ownership, any encumbrances (such as mortgages or liens), and any pending legal issues. Ensure that all documents presented to you by the property owner are genuine and all official seals, signatures, and relevant stamps conform with what is on record at the land registry.

Although the verification steps so far enumerated above appears to be theoretically simple, in practice however, it is not that straight forward. The process could be technically complex and time consuming. For this reason, we strongly advise that you consider seeking legal advice from a qualified lawyer or real estate professional. They can review the documents and provide guidance on the authenticity of the ownership claim and any potential risks associated with the property under a thorough and professional investigation.

Conclusion

It is essential to exercise caution and diligence when verifying property ownership in Nigeria to avoid falling victim to fraud or legal disputes. Consulting with legal professionals and conducting comprehensive checks can help ensure a smooth and secure transaction process.

With search and due diligence complete and certified, if you must purchase the property, ensure that all payments are made through legitimate channels and properly documented. Avoid dealing in cash transactions to reduce the risk of fraud.