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Bargain And Sale Deed

Bargain And Sale Deed Template for Nigeria

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Key Requirements PROMPT example:

Bargain And Sale Deed

"I need a Bargain and Sale Deed for transferring a commercial property in Lagos State from my manufacturing company to a retail corporation, with specific provisions for existing tenant leases and including easements for shared access roads."

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Document background
The Bargain and Sale Deed is a fundamental legal instrument in Nigerian property law, used when transferring ownership rights in real property from one party to another. This document type emerged from common law traditions but has been adapted to meet Nigerian legal requirements, particularly those established by the Land Use Act of 1978. It serves as a formal record of property transfer and must include specific elements such as proper party identification, detailed property description, consideration amount, and appropriate execution formalities. The deed is crucial in Nigerian real estate transactions as it provides evidence of title transfer and requires important governmental approvals, including the Governor's consent. It's commonly used in both private and commercial property transactions, ranging from residential sales to complex commercial property transfers.
Suggested Sections

1. Title and Date: Clearly states this is a Bargain and Sale Deed and the date of execution

2. Parties: Identifies the Grantor (seller) and Grantee (buyer) with their full legal names, addresses, and capacity to contract

3. Recitals: Background information including Grantor's ownership rights and authority to sell

4. Property Description: Detailed legal description of the property including boundaries, measurements, and registration particulars

5. Consideration: States the purchase price and confirms receipt of payment

6. Words of Grant: Formal language transferring title from Grantor to Grantee

7. Grantor's Covenants: Standard warranties about title, right to sell, and freedom from encumbrances

8. Execution: Signature blocks, witness requirements, and attestation clauses

Optional Sections

1. Special Conditions: Additional terms specific to the transaction, used when there are unique circumstances or requirements

2. Encumbrances: Description of any existing liens, mortgages, or other encumbrances, included when the property is not transferred free and clear

3. Rights of Way: Details of any easements or rights of way affecting the property, included when applicable

4. Planning Permissions: Reference to relevant planning permits or restrictions, included for properties with development conditions

5. Governor's Consent: Specific provisions regarding obtaining required governmental consent, included when not yet obtained

Suggested Schedules

1. Property Schedule: Detailed technical description of the property including survey plans and coordinates

2. Title Documents Schedule: List of all relevant title documents and their registration particulars

3. Encumbrances Schedule: Detailed list of any existing encumbrances affecting the property

4. Plan/Survey Drawing: Official survey plan or drawing showing the property boundaries and measurements

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



































Clauses



























Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Agriculture

Mining

Industrial Manufacturing

Retail

Hospitality

Infrastructure Development

Urban Planning

Commercial Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Land Administration

Corporate Services

Risk Management

Operations

Business Development

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Land Administrator

Legal Counsel

Conveyancing Officer

Real Estate Agent

Property Developer

Compliance Officer

Title Officer

Land Surveyor

Real Estate Investment Manager

Corporate Counsel

Property Rights Specialist

Real Estate Transaction Manager

Industries








Teams

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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