The recital clause in the land acquisition contract sets out the brief details of the land and its derivatives. Such clauses will explain how the seller became the owner of the land he is about to sell. Before buying land, the buyer must check and browse all the real estate to be acquired. It is essential to retain the services of a lawyer to conclude the purchase of real estate in Nigeria. In summary, a sales contract is the first document that is produced for the acquisition of land. If the buyer has made the full payment, the parties can prepare and execute the assignment obligation, also known as the transportation authorization. This document protects the parties to the contract because it contains conditions that the parties have expressly approved and no party can terminate the contract without being held liable for an infringement. A land purchase agreement in Nigeria is a formal contract by which a seller agrees to sell, and the buyer agrees to purchase land on certain terms defined in writing in the agreement signed by both parties. A land acquisition contract is entered into when two parties deal with each other. There are at least two different parties involved in the contract to purchase the land. That is, the seller and the buyer.
The contract to purchase the land must contain the full information of the seller and buyer, such as names and addresses The sole purpose of this article is to be able to give you an agreement to sell Nigerian land. Finally, you can try to establish a land sale contract. It won`t be perfect, but it`s a good start. A real estate sale contract is a contract between two or more parties, in which the seller agrees to sell and the buyer agrees to buy a property. The contract defines the terms and conditions for the sale and purchase of the property. The property in this contract includes land, houses and any type of building. (Note that this is only a sample and is not intended for official or professional purposes. This is not a substitute for a lawyer and you should not use it for contracts or agreements.) The seller and buyer must assume a special responsibility in connection with the land acquisition contract. The seller is willing to release the buyer from any claim, claim, disturbance or interruption that may result from a lack of property rights or rights of the buyer on the land.