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Absolute Deed Of Sale

Absolute Deed Of Sale Template for Nigeria

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Key Requirements PROMPT example:

Absolute Deed Of Sale

"I need an Absolute Deed of Sale for transferring ownership of a commercial warehouse property in Lagos Industrial Estate, with specific provisions for existing tenant agreements that will continue until March 2025."

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Document background
The Absolute Deed of Sale is a crucial legal instrument in Nigerian property law used to transfer complete and unrestricted ownership of real property from one party to another. This document is essential when conducting outright property sales in Nigeria, where the intention is to transfer all rights, title, and interest without any reservations or conditions. The deed must comply with the Land Use Act of 1978 and other relevant Nigerian legislation, requiring proper execution, registration, and the obtaining of Governor's Consent. It includes comprehensive details about the property, parties involved, consideration, and warranties, serving as conclusive evidence of the transfer. The document is particularly important in Nigeria's mixed legal system, where property transactions must navigate both common law principles and local customary considerations.
Suggested Sections

1. Parties: Identification and details of the Vendor/Seller and Purchaser/Buyer, including their full names, addresses, and capacities

2. Background: Brief recital of the Vendor's ownership, right to sell, and Purchaser's intention to buy

3. Definitions: Definitions of key terms used throughout the deed

4. Property Description: Detailed description of the property being sold, including its location, boundaries, and registered particulars

5. Consideration: The purchase price and payment terms

6. Vendor's Covenants: Vendor's warranties regarding title, right to sell, and freedom from encumbrances

7. Transfer of Title: The operative words of transfer and conveyance of the property

8. Purchaser's Covenants: Purchaser's obligations including payment and compliance with applicable laws

9. Completion: Details of the completion process, including timing and handover of documents

10. Registration: Provisions for registration of the transfer with relevant authorities

11. Execution: Formal execution clause and signature requirements

Optional Sections

1. Power of Attorney: Required when either party is acting through an agent

2. Existing Tenancies: Details of any existing tenancies that will continue after the sale

3. Planning Permissions: Include when the property has specific planning permits or restrictions

4. Environmental Matters: Required for properties with environmental considerations or obligations

5. Service Charges: Needed for properties subject to service charges or management fees

6. Traditional Rights: Required when the property is subject to customary rights or traditional claims

7. Spousal Consent: Required in cases where the property is matrimonial property

Suggested Schedules

1. Property Schedule: Detailed technical description of the property including survey plans, boundaries, and measurements

2. Title Documents: List and copies of all relevant title documents and certificates

3. Payment Schedule: If payment is to be made in installments, details of payment plan

4. Encumbrances Schedule: List of any existing charges, mortgages, or encumbrances affecting the property

5. Inventory: List of any fixtures, fittings, or other items included in the sale

6. Required Consents: Copies of necessary consents, including Governor's Consent application

7. Property Tax Certificates: Certificates showing payment of all relevant property taxes and charges

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Relevant Industries

Real Estate

Construction

Banking and Finance

Property Development

Agriculture

Industrial Manufacturing

Retail

Hospitality

Mining and Natural Resources

Urban Development

Commercial Property Management

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Affairs

Facilities Management

Asset Management

Risk Management

Operations

Administrative Services

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Conveyancing Officer

Real Estate Agent

Property Developer

Land Administrator

Compliance Officer

Title Registration Officer

Corporate Counsel

Real Estate Investment Manager

Facilities Manager

Asset Manager

Property Acquisition Manager

Legal Director

Industries







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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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