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Deed Of Absolute Sale Of A Portion Of Land Template for Nigeria

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Key Requirements PROMPT example:

Deed Of Absolute Sale Of A Portion Of Land

"I need a Deed of Absolute Sale of a Portion of Land for purchasing 2.5 hectares of industrial land in Lagos State, Nigeria, with specific environmental warranties included as the land will be used for manufacturing purposes."

Document background
The Deed of Absolute Sale of a Portion of Land is a crucial legal instrument in Nigerian property transactions, used when transferring ownership of a specifically defined portion of land. This document is essential in Nigeria's land administration system, which operates under the Land Use Act of 1978, requiring the Governor's consent for land transfers. The deed is used in both private and commercial transactions, containing detailed property descriptions, parties' information, consideration amounts, and various warranties and covenants. It must include specific elements to comply with Nigerian law, such as survey plans, proper execution before witnesses, and registration with the land registry. This document type is particularly important in scenarios involving subdivision of larger land parcels or partial property sales, and it forms the basis for the buyer's legal title to the purchased portion of land.
Suggested Sections

1. Parties: Identification of the Vendor (Seller) and Purchaser with full legal names, addresses, and capacity to contract

2. Background/Recitals: History of ownership, statement of vendor's right to sell, and context of the transaction

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

4. Property Description: Detailed description of the portion of land being sold, including boundaries, measurements, and reference to survey plan

5. Consideration: Purchase price and payment terms

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

7. Transfer of Title: Express words of transfer and assignment of property rights

8. Purchaser's Covenants: Buyer's obligations including payment terms and compliance with land use regulations

9. Governor's Consent: Acknowledgment of requirement for and status of Governor's consent as per Land Use Act

10. Registration: Provisions for registration of the deed at the lands registry

11. Execution Clause: Formal execution block for signing, sealing, and delivery of the deed

Optional Sections

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

2. Corporate Resolution: Required when either party is a corporate entity, showing authorization for the transaction

3. Spousal Consent: Required if the property is matrimonial property or in cases where state law requires spousal consent

4. Development Covenants: Include when there are specific development restrictions or requirements for the land

5. Environmental Warranties: Include when the land has potential environmental concerns or specific use restrictions

6. Third Party Rights: Required when there are existing tenants or other third-party interests in the property

7. Tax Indemnities: Include specific tax-related warranties and indemnities when complex tax implications exist

Suggested Schedules

1. Property Schedule: Detailed technical description of the land including survey plan, beacon numbers, and coordinates

2. Title Documents: List and copies of all relevant title documents including previous deeds, certificates of occupancy

3. Payment Schedule: If payment is to be made in installments, detailed breakdown of payment terms and dates

4. Survey Plan: Official survey plan showing the exact portion of land being sold

5. Land Use Clearance: Copies of relevant government approvals and zoning certificates

6. Tax Clearance: Evidence of payment of relevant land taxes and rates

7. Encumbrances Schedule: List of any existing encumbrances, easements, or restrictions on the land

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




























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Relevant Industries

Real Estate

Construction

Agriculture

Manufacturing

Industrial

Commercial Development

Residential Development

Mining

Oil and Gas

Renewable Energy

Hospitality

Retail

Healthcare

Education

Infrastructure Development

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Affairs

Finance

Risk Management

Facilities Management

Business Development

Project Management

Investment

Operations

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Land Administrator

Compliance Officer

Chief Legal Officer

Real Estate Director

Property Manager

Facilities Manager

Construction Manager

Project Manager

Investment Manager

Corporate Secretary

Risk Manager

Chief Financial Officer

Acquisition Manager

Development Director

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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