Document background
The Deed of Sale of House and Lot is a crucial legal instrument in Nigerian property transactions, used when transferring ownership of residential or commercial property including both building structures and the land they occupy. This document is essential in Nigeria's property market, where land ownership is governed by the Land Use Act of 1978 and various state-specific regulations. The deed must include specific elements required by Nigerian law, such as proper property description, consideration, warranties, and execution requirements. It's particularly important as it serves as the primary evidence of property transfer and must be registered with the appropriate land registry. The document is used in both urban and rural settings, with additional considerations for traditional land rights in certain areas. A properly executed Deed of Sale of House and Lot provides security of title and helps prevent future property disputes.
