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Free Guide to Hiring a Real Estate Lawyer
Ojodu, Nigeria Attorneys in related practice areas.
Browse our 11 legal questions about Real Estate in Nigeria and the lawyer answers, or ask your own questions for free.
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Read full answerReal Estate law in Ojodu, Nigeria, falls under the broader Nigerian property law domain, which governs the various forms of ownership and tenancy in real property. Here, it's illegal to own or transfer property without registering with the government. The Land Use Act (1978) is a critical piece of legislation that significantly impacts real estate in Ojodu, Lagos, and Nigeria at large. The Act allocates land ownership rights primarily to the state.
Legal advice in real estate is pivotal when handling transactions involving land or property. You may need a lawyer to educate you about land/property rights under Nigerian law, ensuring legal compliance during property transfer or lease, understanding and negotiating complex real estate contracts, resolving property disputes, and acquiring titles, permits and approvals. Also, with the prevalence of property fraud in Nigeria, a lawyer can help verify the authenticity of real estate transactions.
In Ojodu, most real estate activities are guided by the Land Use Act. The Act vests all land contained within the state in the Governor. The Governor is then responsible for allocating land to individuals or corporate entities for residential, commercial, or other relevant purposes. It's also important to be familiar with the Certificate of Occupancy (CofO), which is necessary to validate your legal lease or title to a property in Nigeria. The Lagos State Tenancy Law (2011) is also relevant and limits the amount landlords can demand from tenants in advance.
You should check for a proper Certificate of Occupancy, verify the title at the Lands Registry, and get a thorough legal consultation.
Foreign investors and non-Nigerian residents can acquire and own land or property in Ojodu and other parts of Nigeria, as long as they satisfy the requirements stipulated by the law.
A Certificate of Occupancy is a land ownership document granted by the State Governor that verifies your ownership or lease of a property and guarantees your unencumbered right of use for 99 years.
You are encouraged to engage a real estate attorney, who will guide you through the process of legally resolving the dispute, which may involve negotiation, arbitration, or litigation.
This involves identification of a suitable property, conducting a title search and verification at the Lands Registry, payment and obtaining the seller's receipt, preparation and execution of sale documents, and processing the Governor's consent to transfer interest in land.
For comprehensive information, you can visit the official website of the Nigeria Property Centre. You may also consult the Lagos State Real Estate Regulatory Agency and the Lagos State Lands Bureau, which are government bodies overseeing real estate operations in the state.
If you need legal assistance in real estate practices in Ojodu, it is advisable to contact a competent real estate lawyer or law firm experienced in Nigerian property law. They will guide you through legal requirements, contractual agreements, dispute resolution, property verification processes, and ensure overall legal compliance.
